State Finances In Tight Corner
In delivering this year’s national budget, the Minister of Finance indeed found himself between a rock and a hard place. On the one hand he is expected to find the resources to align the budget with the implementation of the National Development Plan; on the other hand he is faced with the enduring consequences of the fiscal mistakes of the past five years. He is also expected to position government finances with long-term strategic objectives in mind while he is facing a threatening short-term environment that requires an immediate response.
How then has the Minister fared in addressing all these challenges?
State finances in tight corner
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