Domestic assumptions include a 4 per cent increase in final consumption expenditure by general government in the next 2 years; administered price inflation of 2 per cent in 2009 and 9¾ per cent in 2010; and an increase in import crude oil volumes of 5 per cent in 2009 and unchanged in 2010. 3.
Overall, however, the ratio of nonfinancial-sector borrowing to gross domestic product has been below an estimate of its trend for several years as a result of the deleveraging of the household sector following the crisis.