Mid-Year Budget Communication 2017-2018 Mid-Year Budget Communication | Page 11

ile we anticipate
that, Budget.
consistent
with
past
years, the
this year’s
While
we
anticipate
that, consistent with past years, the
nd half will
be proportionately
higher,
outturn
for the second
half the
will current
be proportionately higher, the current
derscores the need to contain expenditure to ensure that
performance further underscores the need to contain expenditure to ensure that
are met.
deficit and debt targets are met.
Mr. Speaker,
e overriding message
that flows from
the first half
fiscal that flows from the first half fiscal
In concluding,
the overriding
message
nment is on track to bring the country’s financial house in
results is that the government is on track to bring the country’s financial house in
the dire fiscal
situation
that the the
administration
met
order,
notwithstanding
dire fiscal situation
that the administration met
en though the
situation
been
compounded
the has been compounded by the
coming
into has
office.
Even
though the by
situation
st debt obligations
this administration
continues to
millions that
of dollars
in past debt obligations
that this administration continues to
rack to meet our budgetary deficit target at year end.
address, we remain on track to meet our budgetary deficit target at year end.
cial jargon used may be confusing for some and also used
A lot of the financial jargon used may be confusing for some and also used
more than by to others
fuel political
mischief.
Therefore
in political mischief. Therefore in
for nothing
more than
to fuel
out in simple terms
that all would understand. For the that all would understand. For the
conclusion, let me lay it out in simple terms
m pleased to advise the Bahamian people:
first half of the year, I am pleased to advise the Bahamian people:
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