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Howard: It’s Chris’ worst yet

TIM SLINGER, [email protected]

Howard: It’s Chris’ worst yet

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PROFESSOR MICHAEL HOWARD has described Tuesday’s Financial Statement And Budgetary Proposals as the worst Chris Sinckler Budget so far.

The economist said it was a clear signal “that the diligent minister has run out of financial options and has again resorted to draconian taxation as the easiest but most damaging policy to impose on a small economy”.

Howard said it made no sense aiming for a balanced Budget by imposing almost $400 million in taxes in a single year.

“This Budget, like some previous ones, has failed to address quantitatively and effectively the fiscal burden of over 60 state-owned enterprises and a large public service, which have been the major cause of Central Bank money creation, and a decline in the country’s foreign reserves,” he said. (TS) 

Please read the full story in today’s Daily Nation, or in the eNATION edition.