Fiscal integrity must not be compromised during the budgetary review process.
egardless of winning or losing an election, a bad policy and legacy must be corrected.
There are too many who are complacent about the economic fundamentals this time too.
What is more urgent than the touted labor, pension and education reforms is fiscal reform.
The government must do all it can to lessen the strain on the current-account balance and economy.
Normalization of the fiscal balance sheet is necessary. The 2023 budgetary outline could be the first step towards fiscal tightening.
Raising corporate productivity would be the sole solution to bolster public finance. Unnecessary regulations should be removed, and companies should be motivated to invest through labor and education reforms.
Legally-binding fiscal guidelines should be set rapidly.
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