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Additionally, changes in the hydrocarbons law and expenditure restraint have underpinned a significant fiscal adjustment as the general government balance reverted to a surplus of 3. Fitch's measure of the general government balance, which is not cyclically adjusted and includes the central bank's quasi-fiscal deficit, has averaged -2. The fiscal performance was also good with the general government balance swinging into small surplus after recording a modest deficit the previous year. |
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