MEFD March 2014
Published: Monday April 28th, 2014
During the review month, sustained contributions from foreign investment projects, alongside a modest firming in tourism output, supported a mildly positive economic outturn and relatively stable employment conditions. In addition, price developments showed a marginal increase in domestic energy costs over the review month. The fiscal situation showed an improvement in the overall deficit for the eight months of FY2013/14, primarily reflecting lower capital spending, while non-tax revenue also increased. Supported by net foreign currency inflows from real sector activities, both liquidity and external reserves reported gains over the review period.
For full text reading, please download the attached document.