ALEXANDER PARKER: Who dares walk the Treasury’s rocky path to a sustainable state?
The solution to our fiscal problems is not to worry so much about the balance sheet but to fix the state so that the balance sheet fixes itself
There had been a lot of worry over the contents of the National Treasury’s presentation to the president a week ago on the sacrifices required to consolidate the budget. The context, as we learnt last week, is tanking tax receipts amid economic malaise, an unemployment crisis and ballooning debt costs.
That noise you can hear is the sound of hundreds of billions of chickens coming home to roost...
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