Our economy is in good shape and in a good position to deal with the current slowdown. We want to continue to foster the economic conditions to create wealth and jobs in this country and we cannot do so through high taxation or high borrowing. The Government did not take decisions on the 2003 Estimates lightly and did not engage in some form of technical accounting exercise to balance the books. Necessary steps were taken to ensure our continued prosperity. The only way forward is to have an ongoing sustainable match between our revenue and expenditure and the 2003 Estimates will set us on that path. A key element of management is that Government will receive timely information which ensures that any emerging problems are identified early and remedial action is taken. The expenditure reforms recently agreed by Government, and set out earlier, will contribute to this.