- Response – The Budget0.11 MB
When we consider the mismanagement and incompetence that have led to today’s crisis in the Eurozone, with countries like Greece and Ireland on the brink of economic meltdown, and with no guarantee that sizeable economies like Italy and Spain will not also fail, it is appropriate to congratulate the finance minister, and the government in general, on another well-constructed and measured budget. It is especially encouraging to see that the budget deficit remains relatively low, as does the total debt to GDP ratio of around 44%. This kind of fiscal discipline has served us well, while its absence in so many developed economies has resulted in the present crisis.
Article by the SACBC Parliamentary Liaison Office
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