Mmegi

Boko’s fiscal path takes shape

Friday, November 22, 2024 | 1180 Views |

Facing a deficit likely to be much wider than the forecast P8.7 billion and a nation eager for direction, the Boko administration is kicking things off with a forensic audit of past spending and the promise of “rigorous cost-cutting”. Staff Writers MBONGENI MGUNI, PAULINE DIKUELO & TIMOTHY LEWANIKA report

In one of his first remarks after ascending to the presidency, Duma Boko invoked Mark Twain’s famous quote: “There are three kinds of lies: lies, damned lies, and statistics”.

The American writer’s famous remarks generally point to the tendency of statistics to mask over people’s brutal realities, as reflected in quotes by other commentators such as “we don’t eat GDP”.

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