The Cabinet has approved the draft budget for 2017, which will substantially reduce the deficit. It will now move to Parliament for further deliberations and eventual ratifications.
The government has been operating without a public budget for 12 years. Successive draft plans sent by the Cabinet have lingered in an often gridlocked Parliament. The last one ratified by Parliament was in 2005.
The fiscal deficit widened to $4.94 billion in 2016.
The budget is heavily weighed...
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