Bitcoin/Banking

Banking sector reforms: Fiscal and macroeconomic costs – 2

Part 1 of this article drew attention to the Section of the 2019 Budget that provided a non-comprehensive yet high bailout or public debt of the financial sector restructuring. It noted that the continuing incidence of this debt and associated spending, loss of incomes, and levies such as ESLA falls on taxpayers, investors, depositors as well as employees and their families.

Part 2 continues with some non-exclusive limits imposed on the economy, namely, limits to spending and economic activity. Secondly, the full extent of MOF contingent li…
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