Highlights from Mid-Year Fiscal Position Report

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. Here are some highlights: