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A theory is appropriate as long as it fits into the fact; when a theory doesn't fit in the fact, it's wise to walk with the fact.

Tuesday, October 25, 2011

Austerity on the Card

So, finally the Council for the Co-ordination of Fiscal, Monetary and Exchange Rate Policies under the Ministry of Finance decided to identify sectors where spending could be reduced to help lessen the pressure on the budgetary resources.

Here is the news link.

Comment: Good thought at a reasonably good time.

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