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Screensize: 640 x 480 800 x 600 1024 x 768 1280 x 1024 UserName: Password: Format Mode: Basic  Help  Prompt  Format: Videos: Font Andale Mono Arial Arial Black Book Antiqua Century Gothic Comic Sans MS Courier New Georgia Impact Lucida Console Script MT Bold Stencil Tahoma Times New Roman Trebuchet MS Verdana   Size 1 2 3 4 5 6   Color Black Red Yellow Pink Green Orange Purple Blue Beige Brown Teal Navy Maroon LimeGreen Message: * HTML is OFF * Forum Code is ON Smilies [quote][i]Originally posted by toubab1020[/i] [br][blue][size=6][font=Book Antiqua]ALL VERY WELL,but WITHOUT ANY EMPLOYMENT THE GAMBIAN POPULATION IS TOTALLY UNABLE to contribute ANYTHING to the "tax based public sector economy" THEREFORE THE STATUS QUO WILL REMAIN.[/font=Book Antiqua][/size=6][/blue] [V] ====================================================================== May 31, 2019 The Gambia is a tax based public sector economy. Government does not rely on sovereign national wealth to provide social services. It relies basically on taxation. Income and corporate taxes are also contributing marginally to the government budget. Taxes on goods and services constitute the lion share. With a narrow tax base, government has been relying on domestic borrowing and grants to meet its expenditure. There is promise just like that made by other previous governments that financial discipline leads to reduction of domestic borrowing and the domestic debt. The report of the monetary policy committee does not give comfort to all those who are interested in the health of the economy. The report of growth in domestic debt from 31.2 billion dalasis to 31.8 billion dalasis is an early warning signal that the battle against indebtedness, which President Jawara said will continue until dooms day is yet to be won. It is therefore important to realistically assess what is going wrong and proffer a realistic solution. Foroyaa will continue to monitor the state of the economy and share findings http://foroyaa.gm/domestic-debt-counts/ [/quote]   Check here to include your profile signature.