Governments must be responsive to the needs of their people, otherwise social and political instability are sure to follow.
This is why those who can afford it must invest in sustainable social and economic infrastructure development programmes. Saudi Arabia is doing this in the budget that the kingdom has announced for 2012, which will see it invest heavily in building homes and reducing unemployment. However, the country continues to be responsible in its spending plans — which will total 690 billion riyals, for the 2012 — a 17 per cent decrease in its actual expenditure for this year. This is necessary in these times when the international financial system remains persistently volatile.
No comments:
Post a Comment