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Investor Presentaiton

Policy priority is to shore-up public finances to meet 5-year budget target of 2.5% of GDP by 2019 Consolidated Public Sector Balance (in % of GDP) General Government Public Enterprises Central Bank -Consolidated Fiscal Result -0.7 -1.3 -1.8 -2.4 -0.9 -2.8 -2.7 -1.1 -3.4 -2.3 -2.7 -3.3 -3.5 -3.6 -3.9 2010 2011 2012 2013 2014 2015 2016 Source: Ministry of Economy and Finance November, 2017 (last 12 months) 11

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