While it is likely that the GDP (output) gap will be around 5 per cent this year, the national government's capacity to fill this gap

will be constrained by how much private bank lending is available to facilitate spending by consumers and firms.
will be constrained by nothing but its political will.
will be constrained by its ability to access capital in the global markets given the lack of credit available domestically at present.

Answer: will be constrained by nothing but its political will.

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