A fair share of the results we have seen regarding the insufficient level of public services, the moderate increase in productivity reflected in moderate growth, and the high inequality in net income, are the consequences of civilian expenditure that is too low.
The CPI figure for April and the disappointing growth figures for the first quarter that were published this week will of course be examined by the Monetary Committee. Since those discussions will take place at the beginning of next week, I won’t go into this now.