TEKPES FINANCIAL POLICY PLANS IN BIG TROUBLE GOVERNMENT FINANCIAL ECONOMISTS MUST DEVELOP CRISS-CROSS FINANCIAL POLICY NOW AS CRUDE OIL PRICE FALLS-CRITICAL THINKERS.the critical thinkers is warning the financial economists of the government as a matter of urgency to develop new financial policy now for the economy other than tax policies as the price of crude oil fall drastically.the suden fall is a good news but have seriouse economic implecation on the economy which ndc must use as an excuse.even with the drastic fall there is no corresponding reduction in domestic price to cushion the business community.the drastic falls was as a result of recession recovery economic plan implemented by imf,world bank and other participatory donor partners as a result of successful quality control monetary policies under taken to :1.encourage savings.2.flush out old stock commodity markets.3.disabuse sticky price and fixe price contract theories .4.create room for expansion for stable economy to keep the economy at full employment below natural rate.according to john kenessians theories.the ndc financial economists must develop new financial policy now to avoid crises.the critical thinkers therefore challenge government economic team to .1.develop domestic refinery petroleum policy now to offset the effect and prevent price hike which will compel the government to increase prices and tax when market picks up.2.Develop new export policy for our raw materials to keep domestic economy at full employment any time they carry out quality control monetary policies.3.establish more toll booths across the country.(descentralised)4.finance ministry must take control of market tolls to generate more revenue.5.establish more banks 6.6. Encourage vigorous savings. JOHN KEYNESSIANS STILL AT WORK.MAGNUS PONGO-MEMBER CRITICAL THINKERS
Posted on: Tue, 06 Jan 2015 17:24:19 +0000
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