Quote:
Originally Posted by Wiggum_PI
The public sector compensation is estimated to be $25 billion for 2016/17 which is 49% of the total government expenses of $51 billion. There may not be $10 billion dollars of worth of savings there, but with a few small cuts they could probably find at least 1 or 2 billion in savings.
The government could postpone/defer large capital projects that aren't critical to build right away.
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That's the thing, though. We've been doing that for years. And now interest rates are rock bottom, and capital projects would help with employment and the economy. So now is actually the time to be doing them. You wither borrow money against the future, or you defer these things further, and borrow against future infrastructure failures, that cost more in the long run.