2
3.
Despite the promising prospects for the economy,
I believe we have to stick to our basic guideline for
public expenditure.
It must not grow faster than the trend
rate of economic growth. This simple rule is designed to
government spending does not grow beyond what we
make sure
can afford, does not become such a burden that future
growth and our overall prosperity are threatened.
4.
to make
the
But even on--this cautious basis, we will be able
substantial improvements in our public services in
coming year. Spending on health care will increase by
and the funds available for social welfare programmes
will rise by 15%. Spending on education will increase by enabling us to continue the expansion of the tertiary
27%,
13%,
sector and bring about
and secondary schooling.
spending on law and
environment.
in
important improvements in primary
There will also be real increases
order and on improvements to the
5.
We are also
infrastructure
we
making large investments in the
need for our continued growth and our
wellbeing in the future. The new airport is a major part
of these
Council,
plans.
our
But. as I explained to the Legislative
spending on the Airport Core Projects will be
20'd
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