Awaiting the First Domino

The government has all but strangled the business world with price and tariff increases that affect production. Will businesspeople be able to hold out?

December 31, 2002

THERE was only one bitter choice and that was the one the government took to cover the budget deficit. At the beginning of 2003, the government implemented several increases simultaneously: fuel prices are up by between 5 and 22 percent; basic electricity rates 6 percent; and telephone rates 15 percent. There have already been many protests. Members of the public—who were immediately hit by the increases—reacted at once by holding

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