Thus, assuming a growth rate of 1.5 percent in 2009, the budget deficit is expected to reach about 3 percent of GDP, based on the automatic stabilizers, i.e., the expected drop in tax revenues resulting from the slowdown in growth, on the one hand, and a certain rise in government expenditure arising, for example, from an increase in unemployment, on the other.
And while the Bank is encouraging you to excel by developing yourself, there is also the recognition of the fact that you have a life outside the Bank. We committed ourselves to working in an environment where each employee is respected.