Monday, October 28, 2013
My good friends, the daily news reports about the theft of public funds are troubling. Within the past few months, we have been bombarded with such news reports to such an extent as to wonder whether there is any hope for this country at all in the management of its finances.
The problem is all the more frightening for other reasons: the economy is weakening because of low productivity and mismanagement, not to speak of ineffectual official policies, programmes, and measures. Generating revenue internally is an uphill task; borrowing money from outside sources has become a huge albatross threatening the country’s GDP and economic viability.