Government spending does not come out of thin air

Introduction

This week I shall continue my discussion of the threatening size of government spending (as a proportion of GDP) to the medium-term economic outlook and macroeconomic stability.  In response to several readers’ queries, I wish to point out that, the statutory passing of the annual budget, with or without amendments and cuts at the end of April, does not bring to an end the need for debates, discussions and analytic discourses over the Budget.

Instead I would suggest it marks the start of the official implementation in the coming year of the National Budget 2012 recently passed by the National Assembly.  The full implications of  …..To continue reading, login or subscribe now.



Join the Conversation

After you comment, click Post. If you're not already logged in you will be asked to log in or register.

The Comments section is intended to provide a forum for reasoned and reasonable debate on the newspaper's content and is an extension of the newspaper and what it has become well known for over its history: accuracy, balance and fairness. We reserve the right to edit/delete comments which contain attacks on other users, slander, coarse language and profanity, and gratuitous and incendiary references to race and ethnicity. We moderate ALL comments, so your comment will not be published until it has been reviewed by a moderator.