08 Apr

March 2017 Economic Review

Executive Summary:

The budget has been cast on the macroeconomic assumptions of 2%-3% real economic growth, low inflation and a relatively stable FX rate. The priority objectives for FY2017/18 and through the medium term, as articulated by the finance minister are to grow the economy, create meaningful jobs and, in so doing, to facilitate a faster and sustainable reduction of the public debt. That said, the expenditure budget’s focus is on adopting strategies geared toward achieving the primary surplus target of 7% in order to attain a debt/GDP ratio of 89.5% by FY 2019/20.

Economic Review Mar 2017

 

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