Fiscal sustainability needs hard choices
OPINION: By process of elimination, we come to reducing the ubiquitous wasteful expenditure. But this too is hard work.
We are a small, open economy and must maintain a set of fiscal ratios that remain the envy of the world.
Relief that the US Congress managed to navigate its way through the latest debt ceiling crisis without too much drama ignores the bigger problem.
As part of the deal, the debt ceiling has been suspended until the end of 2024 in exchange for spending cuts and other restraints. Its relatively smooth
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