It’s amazing how it takes difficult times like these to appreciate the inter-connectedness of our economy. A fall in demand and energy prices affects not only the large energy companies but a whole host of smaller companies and entrepreneurs who provide services to these companies.
It was 67.4 per cent in 2002, compared with 56.9 per cent and 65.9 per cent in 2001 and 2000, respectively. To generate growth, a sizeable proportion of government expenditure should be allocated to capital and socio-economic sectors. Beyond the issue of allocation, the quality of the expenditure remains critical in ensuring efficiency and optimal utilization of resources.