In the budget 2007 speech of the 15th October 2007, the prime Minister stated: ” The Government deficit for 2007 is expected to reach Lm37.2 million or 2.11% of GDP. This is projected to be Lm30.2 million (1.21% of GDP) in 2008 or, as the context requires, other member going down to Lm3.8 million (0.17% of GDP) in 2009 and turning into a positive firms of balance of Lm25.5 million (0.95% of GDP) in 2010.” The actual grow is almost threefold and the Maastrich criteria for not increasing the government deficit by not more than 3% is not fulfilled.
Can we take the coming Budget serious when the last budget has not been respected by the government?
