Re: 鈥淢LAs are keen on spending,鈥� column, Nov. 17.
The rule is supposed to be that with surplus funds, debt should be reduced first before any attempt at increasing expenditures.
Consumers and governments across sa国际传媒 are awash in debt. sa国际传媒 government debt is more than $67 billion and increasing at the rate of more than $2,000 every minute. The Bank of sa国际传媒 is certain (it says) to raise interest rates next year, and so inflation will increase as well. sa国际传媒 government debt will cost more to service.
Any reduction in debt will benefit taxpayers immensely. So, Finance Minister Carole James, putting the extra cash into debt reduction is the most sensible choice you have. But I guess this would be too much to hope for. This concept of spend, spend, spend by the sa国际传媒 government and others in sa国际传媒 is not acceptable.
Jon M. DeLaurier
Sidney
