Economics

The following policies are part of the strategic goal of achieving a sustainable macroeconomic environment and sound public finances, which can be thought of as steady and sustainable improvements in living standards of all citizens in the country:

sustainable economic growth based on improvements in employment, competitiveness and productivity. Macroeconomic analysis and sectoral strategy policy advice is given to government in order to achieve steady improvements in employment, productivity and competitiveness levels in the economy. As a small open economy, sustainable improvement in employment and living standards can only be achieved through competitiveness – and productivity is central to this
budgetary policy that is stable and sustainable. The policy is focused on providing evidence-based advice to the government that promotes stability-oriented budgetary policies in order to enhance domestic living standards of all citizens, and to enable the economy to withstand deteriorations in the external economic environment. To ensure the long-term sustainability of the public finances, policy advice is focused on reducing our elevated debt levels, balancing the books, and avoiding pro-cyclical measures that would overheat the economy

Further information on Government Finances is available on this site.

Economics

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Policies