value Indicators realized 2014 Baseline Scenario Accelera ted Scenario 2014 Baseline Scenario Accelera ted Scenario Real GDP growth rate 5.4* (%) 5.9 6.6 5.9 5 3 Average annual 1.8 inflation rate (%) <3 <3 0.2 5 5 Overall investment 24.0* rate (% GDP) 20.9 23.4 22.7 0 0 Public investment rate 8.6* (% GDP) _ _ 9.2 _ _ Tax burden rate (% 19.5* GDP) 20.2 20.2 20.3 5 5 Overall budgetary balance (base of order -4.6* to pay in % GDP) _ _ -3.4 - - Current trade balance excluding grant (% -13.2* GDP) _ _ -10.3 - - 2013 Source: Priority action programme / accelerated growth and employment promotion strategy (PAP/SCAPE) and authors’ calculations from the data of the Ministry of the Economy, Finance and Development Planning (MEFPD)(Directorate of the Economy). * Reference values updated from the macroeconomic data published by MEFPD in 2015. 2.4 Growth: 435. The real GDP growth rate was estimated at 5.9% in 2014 as against 5.4% in 2013. This growth was propelled mainly by the primary sector with a contribution of 3.8 percentage points. The increase in the production of food and cash crops during the 2014-2015 farming season is attributed to this perforamnce. 123

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