Let me just say, that tonight, this evening I am tired of reading headlines from various of Republics and Countries where they state they don’t have funds for pledges nor supposed basics during this global pandemic. Yes an global pandemic of COVID-19 or the Coronavirus isn’t a planned affair, unless your a conspiracy theorist who makes up ghost stories out of thin air. The rest of us lives in reality and try to figure the best way out of this.
What is boring in these troubling times is when the state says they doesn’t funds for PPE, Masks, Medicine, Salaries for Front-Line workers and whatnot. It is just an endless stream of costs, payments, allocations and expenditure the state has to carry. The imports of sudden extra equipment, ventilators and such. By all means its an expensive enterprise to cover this and ensure enough of the basics. Still, if the people, the citizens and the well-being of them matters. Than this should be shielded first.
However a reason for the lack of funds is that the state hasn’t this as a priority. This isn’t their breadwinner, this isn’t their ballpark. No, this is a side-show, a show where donors, where foreign donations and other comes in to cover the basics and the needed cover. In sunny days this is usually enough, because the ones getting hurt isn’t an priority and the ones whose VIP gets treatment abroad anyway.
That is why the Health Care system isn’t fully functioning nor has the capacity it should have in consideration per capita. The lack of enough beds, ICUs and such are now a contrast to the amount people in the dominion. Therefore, the state has lost the battle, if it gets bad quickly. The state cannot assume they will get help from elsewhere. Since they are already hurting themselves and are damaged by the virus as well.
So in this regard, when the state is complaining and stating lack of funds for this now. Its all about priorities. These states usually has no issues getting loans, grants and donations to cover deficits. They have no issues getting loans and supplementary budgets to secure new revenue-streams in sunny days for infrastructure and development projects. However, securing the well-being of the citizens and their welfare. That is burden it cannot shelter. Not to the max, not to the appropriate levels. That is just to expensive. Unless, a drunk uncle, snappy-nephew or an in-law is kicking in some remitted funds to shelter its own family at family. That is how this goes.
The governments can run their coffers dry, they can create huge deficits in the times of needs. They can boost their stimulus and use the credit, the forecasted revenue and the sales of treasury bonds. All of that cover it in the future, as the government and state can in practicality never cease nor get bankrupt. That as a sovereign state and therefore, has more gains and possible future income to cover debt and deficits.
That is why in these times of need, the government can prove where their loyalty lies. Either its with their citizens or its with the corporate agenda. They can show that solving it and investing in the Health Care system matters.
We can see if it is a priority or just talk. We can see by the pounds sterling, the US dollars or whatever currency spent on it. That its a priority or not. If they priorities it, they are risking a bigger deficit for now. If not, they are shielding the hurt and hoping it just goes back to normal quick. Peace.
MinBane 