The recent economic performance suggests that our economy is in serious crisis driven by blatant disregard for the need for balancing the books in the interest of national prosperity. Having failed to understand how the consequences of tipping the nations’ public banks as penny banks, we have exhausted our capacity to lift from where we were languishing in May 2009 at end of war on terror.
One major objective of sustaining a steady economic growth is to identify and secure sources of revenue and earmarking strategic expenditure where growth can be measured with credible indicators. When this recipe is ignored, and then engages in haphazard monetary and fiscal policies, it raises a plethora of challenges that cannot be solved by simply turning to bandage jobs, such as issuing TB or bonds or emptying state banks or even asking private banks to raise capital for further local borrowing.
To read the full, original article click on this link: Best hope for economic growth lies with PPPs
