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Is The Government Being Too Tight-Fisted In Its Spending?
Government's revenue and non-interest revenue spending has fallen but capital expenditure has risen.
A profligate government is bad news. But a thrifty administration is not great news either. Particularly not for an economy that is still dealing with scars of a once-in-a-lifetime crisis.All indicators suggest the government is keeping spending under tight control even though revenues have been strong. The nature of expenditure is also shifting. Capital expenditure is being prioritised above revenue spending, which is desirable. How...
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