Thursday September 24, 2020

Spending reform is now the priority

The government was correct to take action through the emergency budget to reduce the amount it needed to borrow this year. Had it not acted, borrowing would have been close to 13 per cent of GDP.

11th April, 2009

The government was correct to take action through the emergency budget to reduce the amount it needed to borrow this year. Had it not acted, borrowing would have been close to 13 per cent of GDP. Indeed, had no corrective action been taken since last year, then borrowing would have soared to around 15 per cent of GDP. At least now we have some plan to hold down borrowing this year - and reduce it...

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