Prime Minister Perry Christie said the performance of Recurrent Revenues in 2012/13 was not as robust as had been expected, but the government succeeded in containing Recurrent Expenditure in 2012/13 to an estimated level of $1,659 million, down by $162 million from last year’s Budget projection.

Diversifying the key tourism and financial services industries, as well as the overall economy, partly through the promotion of innovation in high value-added products, are the government's growth initiatives said Prime Minister Perry Christie May 29.