Dr Marlene Attzs Sooping-Chow, Economist and ‘My Point of View’ columnist, shares her initial thoughts on the National Budget.
It was Monday, October 2 and the stage was set. The Parliament Chamber was pensive and the tone sombre – except for the sporadic, unwelcomed banter on both sides of the Chamber. Budget 2018 is serious business. No big surprises given the state of the economy – less revenue expected from the traditional sources and expenditure still higher. The bottom line: another deficit budget.
The initial reactions from the public have been predictable, from indignation: “How he could increase gas again?”, “Is only poor people suffering”; to resignation and acceptance of the economic space within which we find ourselves: “Well, we don’t have the money so…”.