Investor Presentaiton
Stronger Budget Performance has Eased Fiscal Pressures
Fiscal position has continued to improve
Tax ratio increases in line with stronger recovery (% GDP)
10.8
10.4
10.2
10.4
9.9
9.8
10.0 10.1
9.1
8.3
2015 2016 2017 2018 2019 2020 2021 2022
Outlook
Primary Balance is trending up (% GDP)
2023
2024*
2015
Overall budget position improved significantly (% GDP)
2016
2017
-2.6 -2.5 -2.5
2018
2019
-2.2
2020
2021
2022
?
2023 Outlook
-4.6
2024*
-2.3-2.3
2015
2016
2017
2018
2019
-0.5
-0.1
-1.2 -1.0 -0.9
2020
2021
Source: Ministry of Finance
Note: *2024 Proposed Budget
2022
2023 Outlook
2024*
-6.1
Fiscal pressures has eased (% of GDP)
40.7
39.4
39.6
37.8
29.4
30.1
30.2
-0.40.2 -0.1
-2.5
2017
2018
2019
2020
2021
2022 2023 Outlook
-4.1
60
60View entire presentation