Tag: prescribed assets

Generating long-term economic growth and employment is the most sustainable way to boost tax revenues and stabilise the debt-to-GDP ratio, especially if augmented by the reduction in government spending and the restructuring of spending towards investment.

Every Budget is preceded and followed by the mantra that the Finance Minister faced serious challenges. No, that is never true. All Budgets are easy and straight forward. If they promote prosperity, then countries, including governments and the poor, get rich. All that’s needed is for Budgets to raise rather than lower economic freedom scores – more freedom, more prosperity; less freedom, more poverty. It is that simple.