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During this period of uncertainty,
we have emphasised fiscal prudence in planning
the Government Budget. We have decided to adopt
a conservative fiscal stance, and target for a
modest budget surplus, smaller than in recent
years. Government revenues will be stagnant. We
are keeping a tight lid on operational expenditures.
But we are increasing capital expenditures, particularly
in the key areas of education, economic infrastructure
and defence, in order to invest for the long-term. |