|  | Fiscal Reserves 108.    We expect that by 31
                        March this year, our fiscal reserves will stand at
                        $287.3 billion, equivalent to 14
                        months of government expenditure. 
                        Over the next five years, the fiscal reserves
                        will be maintained in a range between $270 billion and
                        $340 billion, equivalent to between 13 and 17 months of
                        government expenditure.   |