THE 2012/13 BUDGET in BRIEF

Background

 Wide-ranging pre-budget consultations, based on Budget Strategy Paper1 were held during second half of 2011.

 Priorities for FY 2012/13 budget set:

 Service delivery focus

 Maintenance of existing infrastructure

 Complete on-going projects

 Only very high return new projects possible

 Balanced budget

 Growing concern over prospects for world economy on which our economy and Government revenues depend

 Forthcoming mid-term review of NDP 10 – an opportunity to revise priorities and budget allocations

Economic Review

Global Economy

Growth of global economy is slowing.

Look at the Budget

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