Government’s Budget for 2017 Focuses on the Wrong Priorities and is Unlikely to Spur Economic Growth
Despite the increase in expenditures, the budget makes it more difficult for low-income families to overcome poverty and achieve economic independence. Changes in the country’s tax laws shift more of the tax burden to households and disproportionately burden low-income families. Current expenditures alone consume all general revenues, limiting the sources of funding for major investment to grants and new debts. These findings raise key questions as to whether current allocations represent the best use of public funds and the implications of the current allocations and spending levels on future budget decisions.