Overall cost of funding Taking the costs of individual funding sources noted above, and weighting them by their share of total bank funding, provides an estimate of the overall change in the cost of funding banks’ aggregate loan books.
The authorities continued to pursue a cautiously expansionary fiscal policy, recording a public-sector borrowing requirement of 3,2 per cent of gross domestic product in fiscal 2003/2004 - higher than before, but nevertheless in accordance with widely accepted principles of fiscal prudence. It is envisaged that this ratio will decline to 2,7 per cent in fiscal 2006/07.