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Public spending



For every $100 billion increase in gov`t spending poverty decreased only 1%

The economic authorities desisted from publishing poverty statistics. The distortion of official statistics is of extreme lack of responsibility and diverts attention from the central issue. The controversy over the severity of poverty reduces the debate over the regressive consequences associated with the waste of public spending. In order to reduce poverty is vital to stop the manipulation of statistics and to reexamine how the state is managed.

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VER

Subsidies and new pensions explain 60% of increase in public spending

The extraordinary growth of public spending in recent years is the main cause of high inflation and exchange rate volatility. Curiously the areas which are the main contributors to the fiscal overflow and need more reforms are not directly affected by the cabinet change. Without a revision of public spending decisions, which are currently made with an important share of demagogy, improvisation and little responsibility, it will not be possible to stop the loss of reserves and stimulate the economic growth.

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VER