In recent weeks, there has been a heated debate over the 2010 budget in Mexico. Every analyst points to the non-sense of the Mexican budget, especially in terms of the mismatch of revenues against expenditure. Regarding this issue, here is a quote:
“The country faces a fundamental disconnect between the services the people expect the government to provide, particularly in the form of benefits for older Americans, and the tax revenues that people are willing to send to the government to finance those services. That fundamental disconnect will have to be addressed in some way if the budget is to be placed on a sustainable course.”
These statements are not from a Mexican analyst nor it refers to Mexico; they are from Douglas Elmendorf, the director of the Congressional Budget Office. http://cboblog.cbo.gov/?p=423
Wednesday, November 11, 2009
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment