Public Finance Reform

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The Public Finance Reform SRI is targeted at supporting the Government's goal of reducing its budget defcit to around three per cent by 2015 and achieving near budget neutral by 2020.

This is in line with recommendations from the New Economic Model (NEM), which were then used to develop a list of initiatives to achieve these fscal policy targets. These initiatives will be carried out through to 2015 and have been implemented since 2011.