The most well-known convention is for government to stop reckless spending and should be prudent. The other is to borrow "wisely" and spend on what could give the government returns. In many cases, it is important to know that the government does not pay for its expenses and does no business for returns. The government budgets to spend both taxpayers' contributions and borrowed monies, yet to be paid by the same taxpayers from their hard-earned incomes.
You will pay more taxes if you do well in doing business, and pay a fine for doing bad in business especially when you are not transparent to the government. Man would always want to do well to survive and the government would also tax more for doing well to equally survive. At one point, you will spend less of what you earn to live a good life even if you earn more as a businessman. The government on the hand would spend more than it earns from taxpayers leaving behind a huge debt for today's and the next generations (generational debt).
The government, in 2017 appointed 120 ministers to assist and turn the economic crises into a more stable and growing one. Averagely, if each minister takes home GHC 20,000 in 4 years taxpayers must cough out GHC 9.6 Million. When you add other allowances and emoluments that amount could triple and more or only 110 ministers. There are over 2000 appointees across all spheres of government machinery and more than 2 Billion and half Ghanaian Cedis would be used for only salaries and allowances in 4 years. A billion Cedi is not just any amount and do you know that?
When there are fewer ministries there require fewer ministers but the government even though had reduced the over 23 ministries to 19 there are still more ministers than the ministries. Currently, there are about 123 Ministers of State feeding on taxpayers' funds. As Tom Warstall put it on whether the government is thinking of cutting spending that "if something is no longer worth doing - that is the resources to do it cost more than the benefits that can be captured from doing it - then the people doing that thing go bust and are removed from the system. They stop wasting resources on those things no worth longer doing". The public bemoans that, ministers have not done anything substantial to reckon with. They however continue to feed on revenues and loans without measurable impact.
Man would stop investing in ventures that drain and do not worth such investment. Is that what the government is doing? In as much as the government does not spend its own money, the state would not stop taxing to spend to enrich itself. Many welfare programs including, the Free Fertilizer to Farmers, School Feeding Program, and others of the state have failed yet the government will not stop funding them. Perhaps vote-buying social policies cannot be scrapped.
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