Thu, 24 Nov 2016 12:43:19 +0000 EXPENDITURE pressure which may arise next year should not derail Government from its well-meaning fiscal consolidation measures essential for sustainable inclusive growth, says economist Professor Oliver Saasa. Prof Saasa said Government’s decision to restrict new capital projects and major equipment procurement until all on-going projects were completed, in the 2017 national Budget, was a step in the right direction. “In the past, new projects, programmes or structures, including new districts, were created outside Parliament approved Budget, which has significantly contributed to the worsening of fiscal deficit that the 2017 national Budget is attempting to address,” he said. Prof Saasa said that step should be honoured consistently as it would help to restore fiscal discipline. “The main message to Government here is that expenditure pressure should, to the extent possible, not be allowed to derail the well-meaning fiscal consolidation and the restoration of fiscal fitness that is essential for sustainable […]
Let’s not succumb to expenditure pressure, warns economist
