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Although there are concerns about the Government’s ability to reduce the fiscal deficit, overall the Government presented a solid budget that has tried to address some of the country’s economic challenges.
This is the view of a former Planning Minister Dr Bhoe Tewarie who gave his analysis of the national budget that the Minister of Finance Davendranath Tancoo presented on October 13.
“When you look at the budget on the whole, it really tries to address serious challenges and to posit solutions for them. For instance, it addresses the mounting fiscal pressures in the economy. It tries to address some of the structural economic weaknesses. In terms of fiscal pressures, you can see that in the attempt to have a low deficit. In terms of the structural economic weaknesses, you could see the movement to non-energy,” he said.
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