The Budget for 2003/04 has been prepared in a climate of considerable uncertainty. Although the war between the coalition forces and Iraq is considered to be over the initial phase, there is considerable uncertainty in the world’s financial and commodity markets. The impact of SARS is continuing to affect overseas travel in Asia and the Pacific while the onset of el nino towards the end of 2002 had a significant impact on fish catches in the Pacific. In this climate of uncertainty the budget has been prepared with the aim of achieving the government’s long term vision for the development of the Kingdom as stated in the 7th Strategic Development Plan.
Category
Budget Statement
