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Reduction in public spending means reducing subsidies for foodstuffs, public transport among others. This increases the prices for these commodities leading to a high poverty level. Tax reforms are always implemented equally among the rich and the poor thus lowering the tax burden for the rich and increasing the tax burden for the poor. This leads to an increase in the gap between the rich and the poor.Flexible interest rates in most cases lead to increasing interest rates leading to a reduction in credit facilities for the small and medium firms.