The next budget
Wednesday, June 10, 2009
By Kaiser Bengali
Wednesday, 10 Jun, 2009
THE budget for the year 2009-10 is about to be presented to parliament. There are huge expectations, given the scale of the economic crises the people are facing. These cannot and should not be subsumed as an appendix to the crises the economy is facing.
For the economy, there are concerns about revenue generation, budget deficit, current account deficit, foreign exchange reserves, GDP growth rates, industrial growth rates, stock market indexes, corporate profits, etc. It is, however, important for budget-makers to be reminded of the real purpose of all economic-planning exercises, including budget-making: the welfare of the people. And the variables that concern the people directly are unemployment, poverty and inequality.
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Wednesday, 10 Jun, 2009
THE budget for the year 2009-10 is about to be presented to parliament. There are huge expectations, given the scale of the economic crises the people are facing. These cannot and should not be subsumed as an appendix to the crises the economy is facing.
For the economy, there are concerns about revenue generation, budget deficit, current account deficit, foreign exchange reserves, GDP growth rates, industrial growth rates, stock market indexes, corporate profits, etc. It is, however, important for budget-makers to be reminded of the real purpose of all economic-planning exercises, including budget-making: the welfare of the people. And the variables that concern the people directly are unemployment, poverty and inequality.
Read More
posted @ 9:29 AM,
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