AYABONGA CAWE: If Treasury document were written by a student, it would receive a C minus
Paper is a political failure: it does not stick to its lane and does not weigh the trade-offs it requires
02 September 2019 - 05:05
It is much easier to “experiment”, test and iterate policy ideas when the economy is doing well. It is an entirely different undertaking when output isn’t growing, large swathes of your population are out of work and your municipalities, utilities and other delivery mechanisms don’t deliver.
In such a context, the pressure for policy to deliver on intended outcomes is ever greater, and so are the social and economic costs of failure. The Treasury last Tuesday delivered a paper, or discussion document, outlining some of the structural changes required to get our economy on a better footing...
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