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Economic crisis will increase – Marxist view on budget

The News GlorybyThe News Glory
02/02/2023
Economic crisis will increase – Marxist view on budget

The Marxist Communist Party has said in a statement: The post-pandemic economic recovery has been affected by the global economic slowdown.

In this context the budget should have addressed the central issues of increasing the purchasing power of the people, job creation and growth of domestic demand.

The budget does not meet this requirement. Government expenditure has been reduced to reduce fiscal deficit. This budget, which has cut spending and increased taxes, will worsen the economic crisis.

This is what the Marxist Communist Party has said.

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