and  innovation  to  boost  global  The third aspect relates to prospective  transition to structural fiscal and balance of payments deficits and the consequent decline of the official foreign exchange reserves.
In this regard, and with an eye on slowing the  depletion of external and fiscal buffers, there is need to enhance domestic resource mobilisation, by broadening the tax base, increase the progressivity of the personal income tax, streamlining and rationalisation of distortionary subsidies and VAT exemptions.