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Topic: Government says it will return country to growth

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Government says it will return country to growth

The government has indicated that it will be seeking to return the country to growth during the next legislative year.

In his presentation of the Throne Speech during the opening of Parliament this morning, the governor general Sir Patrick Allen said creating the conditions for growth is the first goal of the governments medium term economic programme.

Sir Patrick says the growth being targeted will be one that is sufficient to create new jobs, increase foreign exchange earnings and boost revenues to enable the country to move from deficits to surpluses and allow for investment in developing its human resources.

The government is also seeking to provide better infrastructure and improve the delivery of government services.

The governor general further noted that the transformation that is required cannot be completed in any one budget year.

He says its a process that must be pursued diligently and steadfastly so that as less of the country's resources are required to meet government expenditure, more will be available for real investment in the real economy.

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