Over the past two years, managing the country’s public finances has occurred amid challenging economic conditions, global uncertainty, and significant fiscal hurdles. According to the Minister of Finance, the period has been characterized by deliberate fiscal discipline and a focus on long-term solutions rather than short-term populist measures. Reviewing the macroeconomic indicators, the report indicates that the national economy has demonstrated a pattern of stable recovery and continuous growth throughout this timeframe.
Historically, the average economic growth recorded between 2017 and 2023 was approximately 1.8 percent. Looking forward, the projections suggest an upward trend in economic momentum. The Minister stated that growth is anticipated to reach 3 percent in 2024, followed by an expected rate of 3.5 percent during the 2025 and 2026 periods.
These figures suggest a stable and positive trajectory for the economy moving into the coming years. The Minister emphasized that the management of public finances over these two years has prioritized structural soundness. The stated commitment has been to ensure that fiscal policy supports sustainable growth, building upon the foundational stability achieved during this period of economic transition.
This focus aims to navigate ongoing global uncertainties while maintaining positive momentum in the national economy.
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