ABSTRACT
The central government budget deficit as a percentage of GDP was 8.0 per cent in 1990, 3.7 per cent in 1991, 3.7 per cent in 1992, 6.2 per cent in 1993, 2.4 per cent in 1994 and 5.5 per cent in 1995 (Asian Development Bank, Asian Development Outlook 1996 and 1997, 1996, p. 245).
