Unwarranted MoF rebuttal?

Updated 12 Nov, 2019

The ministry of finance has recently expended a lot of its energies on clarifying, contradicting, or rebutting an editorial carried by this newspaper. In other words, it has reacted very strongly to the newspaper comment that seems to have objectively identified the weaknesses and flaws that generally characterize government's policymaking processes. That the country is still in a state of economic crisis despite the injections of bailouts by Saudi Arabia, the UAE, China and the International Monetary Fund is a fact. That government economic team's approach to myriad economic challenges has been driven by a profound lack of understanding of the situation is also a fact. The country's economy is still in the mode of stabilisation; it is far from the recovery stage. Lower growth cannot be a solution to country's economic challenges. How unfortunate it is that the incumbent government is still clueless about how to deal with the country's economy. The economic team is required to constantly learn the ropes in order to do really well in government's five-year tenure that began last year.

Copyright Business Recorder, 2019

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