Abstract:
The key objectives for the economy for the fiscal year, 1994/95, were: growth in GDP of at least 5 percent, and inflation of less than 7.5 percent. I am pleased to report that we expect growth in GDP during this last year to have been 10 percent, and inflation to have been about 3 percent. This is an excellent performance. We expect growth of just over 6 percent in Agriculture and nearly 18 percent in manufacturing. The strength of this growth is that it is broadly based across the whole economy. And of course, growth will not be sustained unless we open up the country by investment in the road network, as I shall explain when discussing public expenditure later in this speech.