Modesty the best budget policy

All the budget cards are on the table … but don’t expect drastic cuts and tax hikes.

By now you’ve already read quite a bit about the Commission of Audit’s report, although one of the problems investors have is reading past the political leanings of the authors. Politics doesn’t help us maximise returns.

A significant debate is underway centred on several issues. Firstly, whether there is a crisis or not, the source of that crisis (expenditure or revenue), and crisis or not, what should be done?

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