From 12.5% to Nearly 40% – How Long Can the Good Times Last? – Part 4: Conclusion
Road to First Oil – Every Man Woman and Child Must Become Oil-MindedColumn No. 198 Introduction Last week’s column ended with Professor Clive Thomas’s estimate that wastage, incompetence, mismanagement and corruption consume 20% of public expenditure. Applied to 2021–2025, that is G$838 billion, or about US$4 billion. My fear is that the true figure is…