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.
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