Fiscal Outlook Improving

BMI View: Robust economic growth, renewed efforts to contain fiscal expenditure and ongoing improvements to the taxation system are beginning to bear fruit. The corollary is a narrowing of the fiscal deficit from a 14-year nadir of 15.3% in 2005 to a projected 9.9% in 2007. Providing that the authorities manage to keep a lid on public spending, we are confident that the fiscal accounts will continue to improve over the coming years.

To read the full article, please choose one of the following options: