The strategy underpinning the 2004 Estimates is the right one in the current economic circumstances and in the context of providing for future growth and development. It will enable us to build on the significantly expanded expenditure base of recent years while sustaining a healthy economy and public finances so that we can capitalise on the now expected international economic upturn. This policy of sound management of our economy and resources through times of unprecedented growth and in less favourable international circumstances means the Government, without recourse to excessive taxation or borrowing, can provide for public expenditure of more than €40 billion next year and, within that overall allocation, give priority to investment in the areas of health, education, social welfare and infrastructure.