Chasing Fiscal Responsibility? This Is What We Should Be Doing
Stem the bleeding of money to these underserving parties
In an era where the world is marred with uncertainty, an increasing number of areas are demanding increased spending. From investing to rebuild and improve overstretched infrastructure to diversifying and ramping up local food production sources for self-sufficiency to ensuring that countries are poised to become SDG-consistent, governments of all nations are facing calls for money in all directions.
Unfortunately, however, money isn’t free. Burdened by the need to carefully balance fiscal policy (spending and taxation) and maintain a sustainable national debt/reserve, governments are unable to disburse funds to every single ‘need’.
Instead, governments have to prioritize. Depending on the direction and political leaning of the governing bodies, leaders of every nation have to decide where their limited funds can go.
In fact, the difficulty of passing spending budgets is so difficult that the U.S. Congress has only managed to pass all the “required appropriations measures on time only four times” in the 4 decades that the current system has been in place (and all 4 times happened before 2000). Furthermore, the time it takes to negotiate all of the required components…
