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.