Hakim: Government's Public Spending Approach Reminds of Iceberg Theory

  • Economics
Hakim: Government's Public Spending Approach Reminds of Iceberg Theory

Former Minister Alain Hakim on Tuesday called for serious solutions to be made to address the alarming problem of the state deficit, criticizing the 2018 budget for not including any long-term plan regarding this issue.

“Reducing public spending reminds me of the iceberg theory. What we see on the surface of the water is different from what lies underneath it," he wrote on Twitter, saying that the budget lacks any "drastic measures" to cut down the state's expenditure.

Source: Kataeb.org