Higher than expected GDP growth recorded last year

The actual Gross Domestic Product (GDP) growth for 2016 was 3.3%, which was higher than the 2.6% that was projected at the time of the presentation of the 2017 budget.

This information was presented as part of the 2016 End of Year Outcome report that was laid in the National Assembly last week.

According to the report, the 0.7% improvement was due to stronger-than-expected performance in the gold, fishing, and construction industries even as the final production figures for the sugar and rice industries were below the projections at the time of the presentation of 2017 budget, as was output in the manufacturing sector.

Budget 2017 was presented to the National Assembly on November, 28 2016 and because the presentation was before the end of the calendar year, the 2016 economic and fiscal data presented were