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exchange controls, overseas investment taxes and the ceiling on interest rates.But the Budget will also deal with the nuts and bolts of Government -- how much each Ministry will have to spend on the Country's administration --

exchange controls, overseas investment taxes and the ceiling on interest rates.

But the Budget will also deal with the nuts and bolts of Government -- how much each Ministry will have to spend on the Country's administration -- and how much money will be raised to cover that spending.

The graphs to the left chart the growth of Government revenues and spending for the last ten years.

As the economy grew quickly in the second half of the 1980s, Government revenues grew quickly and current account spending followed the same track.

Revenue flattened in the 1989-1990 election year, leading to the infamous 1990-91 Budget in which new Finance Minister the Hon. David Saul pushed up taxes at the same time that the recession reduced revenues from tourism and international business.

Government spending increased quickly that year, mainly due to a large pay increase awarded to Government employees. The rate of increase since has been fairly low, reflecting close controls on manpower and lower salary and wage increases than those experienced in the 1980s.

Revenue between 1990-91 and 1992-93 was relatively flat, again due to the recession.

The 1993-94 Budget year was supposed to see a bigger increase in revenue as the Island emerged from recession, but Monday's Statement will give a revised estimate.

This year's estimates should show an increase in revenue, due to inflation-indexed increases for a range of local taxes and the likelihood that the recovery will continue to gain steam. Current account spending should remain fairly constant.

Note: These charts do not show Government's capital spending.*l