It will be particularly important to reduce the rate of increase in current spending to what can be financed by more moderate revenue growth, while continuing to focus public capital resources on improving the country's infrastructure, in line with the National Development Plan. As regards domestic demand this year, the most notable adjustment relates to the construction sector.
Its weight in overall output growth is set to decline to a more sustainable level due to a sizable reduction in residential construction output. This had reached levels in recent years that were well beyond the economy's medium-term requirements.