Economic growth is forecast to peak at 4.2 percent and average 2.1 percent across the forecast period. We are forecast to reach an operating balance before gains and losses—the OBEGAL—surplus in the 2024-25 financial year. This will be five years after COVID hit us and is a year earlier than the previous Government returned to surplus after the global financial crisis. New fiscal rules will oblige the Government to run a small surplus on average, over time, once we have returned to surplus, and maintain net debt at a ceiling below 30 percent of GDP. 