fiscal guidelines will be prepared along certain principles this should be in addition to the fiscal pact as proposed last year by the financial and fiscal commission to clearly establish the level of debt and what the debt can or cannot finance in other words to ensure that we apply the golden rule that government only borrows to invest in capital and not to fund current consumption spending and possibly moving towards a current budget surplus the acdp will however remain positive and trust that growth forecasts will be higher than estimated leading to increased revenues and that we will speedily reduce public debt and debt service costs leading to a better future for all the acdp will support the fiscal framework and revenue proposals subject to the above reservations thank you