Commentary
Budgets set priorities.
Be it a household, or business enterprise a budget will not only tell you about the source of anticipated income but also where the expenditure and investment for futureproofing is directed.
Budgets provide a window into the thinking and aspirations of those involved.
Government budgets are no different except for one vital and very telling point—governments do not earn income like households and businesses.
Governments simply take other people’s money. They tax the rewards of other people’s hard work and entrepreneurship, in turn, they need to ensure the viability and growth capacity of the productive sector or risk stifling it….