GOV’T DONE LITTLE TO CUSHION DECLINING ECONOMY: MMF
The Malaita Ma’asina Forum’s Technical team has said the government hasn’t done enough to cushion the declining state of the country’s economic growth rate.
The team told members of the local media recently the country’s economic performance indicates the government’s achievement and performance.
Head of the technical team Martin Housanau said this decline simply means that the country’s production, exports and consumption are decreasing and the government is not doing enough to cushion it.
“The present government hasn’t done enough to cushion the declining economic growth rate. Declining economic growth rate simply reflects the present government’s achievements. If economic growth rates are going down, then it simply means that our production, exports and consumption rates are declining, reflecting the government and the Central Bank’s performances. Enough of hearing the Private Sector as the engine of economic growth when the government doesn’t do its part to the sector to cushion the decline in economic growth.”
Mr. Housanau adds using the global economic crisis as a contributing factor to such economic growth rate declines is only an excuse.