Economists are weighing in on the government’s approach to public sector wage negotiations, relative to debt reduction and capital expenditure. Responding to the Fourth Supplementary budget for the fiscal year 2022/23 – approved in the house of representatives on Tuesday, Development Economist Dr Chris Stokes, says though the historic trillion dollar figure is noteworthy, greater attention could be directed towards the volume of unused capital expenditure.
Dr stokes says the focus remains on reducing debts for the fiscal year 2022/23. Meanwhile, Economist Ralston Hyman questions the decision to cut back on capital expenditure, with a greater focus on public sector wages and salaries, as he contemplates a potential global recession. Watch the report:
Reporter: Nicola Brown
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