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MEFD March 2018

Published Tuesday May 1st, 2018

Preliminary economic indicators suggest that the domestic economy continued to expand modestly during the month of March. Increased holiday-related travel contributed to gains in tourism output, while foreign investment projects buoyed construction sector activity. Government’s budgetary operations featured a reduction in the fiscal deficit over the first eight months of FY2017/18, led by a decline in capital spending and an increase in tax revenues. In addition, owing mainly to net foreign currency inflows from real sector activities, both liquidity and external reserves expanded.

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