As part of the going efforts led by the current administration to enhance fiscal discipline, budget department produces budgetary framework paper in the second fiscal year with the aim of providing independent and authoritative analysis that supports budget committee by allowing them to effectively and efficiently allocate resources. In this economic and fiscal outlook we are focused in assessing the performance of budget over the past recent years, set out forecasts of most relevant macroeconomic variables and fiscal aggregates on medium-term basis, examining the performance of historical forecasts and addressed major fiscal risk factors confronting 2022 budget.

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