Mid Year Fiscal Position Report reviews 1Q economic growth

Thursday, 14 July 2011 00:00 - - {{hitsCtrl.values.hits}}

The Minister of Finance recently tabled in Parliament the Mid-Year Fiscal Position Report in terms of Section 10 of the Fiscal Management (Responsibility) Act No. 03 of 2003. The purpose of this report is to provide updated information on the Government’s fiscal performance as per the fiscal strategy of the Government. The report contains the performance of Government revenue, expenditure, cash flow operations and borrowings during the first four months of the year 2011. The report also provides updated information, depending on the availability of information, relating to macroeconomic performance, price developments, foreign aid, Government debt and official reserves. On Tuesday we highlighted fiscal developments and today we feature from the report the review of the economy in the first quarter as well as developments in the foreign assistance sphere: