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Mid-Year Budget Highlights of 2021

This presentation offers the opportunity to revise macroeconomic targets and provide a comprehensive economic outlook for the rest of the year.

  • Although the agricultural sector maintained its mark as the sector with the highest growth rate, its growth rate fell to 4.2% from 10.2% in Q2-2020.
  • The Crops and Livestock sub-sectors specifically drove growth in the agricultural sector.
  • The Services sector recorded the second highest growth rate of 4.0%. The growth was mainly driven by the Information and Communication sub-sector.
  • The industry sector recorded a growth rate of 1.3%, the least growth rate amongst all three sectors. It slightly declined from 1.4% from the same period last year. Its growth was spearheaded by the Construction and Manufacturing sub-sectors. 

 

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