With no draw down in exceptional or program financing during 2002, the Government relied on new issues of domestic debt to finance the budget deficit and net external loan repayments. The 2003 National Budget, aims to consolidate the fiscal adjustments introduced in the 2002 Supplementary Budget and restore it to a sustainable fiscal position.
The Reserve Bank is different from what I did before as a civil servant in terms of work content and accountability mechanisms. Work content is of course the quintessential central bank work which is a much narrower canvas than many of my assignments as a civil servant.