“As noted in the BIDPA Briefing on the
2000 Budget, the Government plans to reduce the rate of growth of government spending quite drastically. The budget estimates for 2000/01 show that government spending will increase by only 3%, compared with 26% in the
previous year. If actually implemented,this will cause a rapid slowdown in the rate of growth of non-mineral GDP, because the growth of government spending is one of its major determinants.”
