The biggest mistake the government is making in rolling out the Kotkasim model is trying to save money in the short-term rather than treating the roll out of cash transfers as a measure with upfront net spending that will reduce public spending in subsequent years, once the scheme has been legitimised. Cutting budget deficits is necessary, but it must be a medium-term objective, not a short-term one that jeopardises the longer-term. Read More

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