The Planning Document raises that to 4.3 per cent, only slightly less than the projected expansion of nominal GDP but constituting an increase of 2.4 per cent in real terms.
If the rate of increase planned in November had been maintained, the incidence of primary current expenditure on GDP in the Document’s macroeconomic planning framework would have decreased by 0.8 percentage points between 2006 and 2007, reducing the deficit to 1.8 per cent.