In the 2015 budget, the government will continue to lower the deficit, while it will also lower national debt below 70%, the Finance Ministry said.

The draft publication shows estimates of income and expenditure, the details of which will be published with the budget when presented in Parliament.

The government said that the budget is sustainable and that it shows the government plans to continue to lower the deficit by 1.6% for 2015 and reduce debt to 69%.

This will be the first time in quite a while that debt will reduce to below 70%, the Ministry added.

The rate of economic growth is expected to reach 3.5% in real terms, while the rate of employment will grow by 1.9%. Although a good sign, employment growth in 2014 was 2.1% and 2.4% in 2013.

The median rate of unemployment is expected to drop to 5.9%, the government said.

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