PoompassMan

2 Vote

observer2 4 years, 2 months ago on COVID lockdown's $1bn tourism blow

COVID lockdown's $1bn tourism blow

I think the government has a lots of excess borrowing capacity and will continue paying the civil service heading into the 2022 election season.

Our debt to GDP ratio is only 70%, most banana republics are above 100%.

So we have the capacity to borrow around $3 billion more. That’s at least 3 years worth of government payroll, travel and entertainment and “mismanagement “. The IMF, OECD and IBD are only too happy to lend as the developed countries print money under QE.