Our focus should no doubt shift to the ones most affected by the pandemic
It is greatly concerning that, since the lockdown began, over 36 million people have lost their jobs. Unsurprisingly, this has led to massive upheavals in people’s lives, with over 25.5 million people moving towards extreme poverty.
While this was always expected owing to the great economic impact the coronavirus and the lockdown have had, it is our duty as a nation to ensure that we do everything in our power to improve their situations.
As such, strategies in the new fiscal year should have an increased focus, not only on health, but also on increasing the size of the social safety net, which has oftentimes lacked the mettle required to cover the number of people in this country.
And with the new restrictions in place due to the lockdown, our focus should no doubt shift to the ones most affected by the pandemic, and the ones who remain most vulnerable to its consequences.
Experts have said that the government should allocate more revenue to not only keep export-oriented economies afloat, but to also keep smaller industries afloat through stimulus packages, incentives, and promotions, so that old jobs are retained and new jobs are created.
This means that collecting revenue should be of the utmost importance, which can be achieved through a more automated system for revenue collection for increased efficiency on top of a no-tolerance policy for tax evasion.
By working with the private sector, and shifting our focus to marginalized communities, we can go a long way towards ensuring that the worst affected people in our country are taken care of.
It is our duty as a nation to create a budget that takes into account the pandemic, and the ones that it has affected the most.