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Freebies will dominate the year of elections amidst joblessness By K Raveendran It is election year for the Indian economy and the footnote to the robust economic performance would pinpoint the risks of freebies and subsidy politics impacting growth. The pressures are expected to pinch hard from mid-year onwards as the drivers of growth would
JULY 12 — Change is never easy, especially when it comes to societal forces shaping policy paradigms and processes. Let’s take the recent public discourse on EPF for example....
Is Kenya at a breaking point? How will the Kenyan state calm this growing public rebellion against exploitative taxation hikes to pay off state capture and ravenous international creditors.
By relying on publicly available information and some simple fiscal arithmetic, it is possible to see a financing gap in the order of $6 billion (or Tk660 billion at Tk110 per dollar) over the medium term that arises from a stronger dollar and tighter money. There are far worse ways of meeting this financing gap than approaching the IMF and its traditional lending associates
Mr Seth Terkper, former Minister of Finance, says Ghana can stop going to the International Monetary Fund (IMF) for bailouts, which usually comes with “harsh conditionalities” if it keeps enough money in the Petroleum Fund. He said that if the more funds had been accrued in the Consolidated Fund through…