Deadly Cocktail for Disaster
The political year has arrived early. National elections are still two years away but looking at the government's targets for the 2018 budget, it seems that the efforts to secure an electoral victory have begun. That move is so obvious from ambitious assumptions for the draft of 2018 budget (RAPBN). The target range for economic growth is 5.4 percent to 6.1 percent. Even the lowest range is still higher than World Bank projections of a mere 5.3 percent. The government has also repeatedly signaled that budgets for populist programs such as village funds will rise by multiple amounts.
August 1, 2017
The political year has arrived early. National elections are still two years away but looking at the government's targets for the 2018 budget, it seems that the efforts to secure an electoral victory have begun. That move is so obvious from ambitious assumptions for the draft of 2018 budget (RAPBN). The target range for economic growth is 5.4 percent to 6.1 percent. Even the lowest range is still higher than World Bank projections of a mere 5.3 pe
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