In the government's annual guidelines for economic and fiscal management approved by the Cabinet on July 21, what caught my attention was a shift toward budget planning based on strengthening growth and expanding the economy, as well as changes to fiscal consolidation targets.On budgeting, it is reasonable to try to restore supplementary budgets, often used to fund stimulus packages launched almost every year, to their original purpose by limiting them to items with high urgency and importance, rather than using them as a convenient way to ratchet up policy spending.For 17 strategic areas t…READ FULL ARTICLE
