The 2011 - 2012 Budget
  繁體 簡体 Mail to  
Budget Speech
Highlights
Estimates
Webcasting
Press Releases
Photo Gallery
Related Documents
Previous Budgets
Related Links
Budget Consultation Comic Book
 
 
 
 

Budget Speech

Medium Range Forecast  

183.      For the medium term, I project that the annual average growth rate will be four per cent in real terms for the period 2012-15, while the underlying inflation rate will average 3.5 per cent. I forecast an annual surplus in the Operating Account for the period between 2012-13 and 2015-16. With a number of major infrastructure projects entering their construction peaks, a deficit will arise in the Capital Account, but a surplus is expected in the Consolidated Account. Fiscal reserves are estimated at approximately $697.7 billion by end-March 2016, representing about 30 per cent of our GDP and equivalent to 20 months of government expenditure. This figure has not deducted the $50 billion I previously pledged to allocate for the implementation of health care reform.

 

 

 

Content | Next Page

 

 

 

2010 .| Important notices | Privacy Policy 
Last revision date : 23 February 2011