What are governments doing?

Surely the same rules should apply...

What’s good for the goose is good for the gander. Companies across the spectrum are cutting every cost in order to survive. Reducing working hours, headcount and eliminating jobs at a near century high rate. Rebasing all budgets and ruthlessly slashing nice to haves. Governments and their departments have announced nothing of the sort. It is the exception, like Algeria, who wake up to realize they need to slash government budgets in half. Yet their tax revenue will be plummeting as vat, corporate and personal incomes collapse. The same with taxes on movement of good and people. Customs and excise duties will also shrink A mammoth hole is forming in the shape of widening of budget deficits that are going to be difficult for some countries to solve with borrowings or even aid Every month that this is delayed makes it more difficult to source the funds for society and commercial renewal.

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