the budget deficit, the monetised deficit or the net RBI credit to the Government and the RBI’s support in primary issues of central Government securities.
Although the Federal Government has put together a package of consolidation measures, these will be offset by shortfalls arising from the planned advancement of the third stage of the income tax reform from 2005 to 2004. Furthermore, there is uncertainty about the implementation of the measures announced in the parliamentary decision-making process and their actual financial impact.