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G.bissau Grounds Officials, Bans Luxury Cars To Cut Spending - Politics - Nairaland

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G.bissau Grounds Officials, Bans Luxury Cars To Cut Spending by Nobody: 1:36pm On Jul 29, 2010
Guinea Bissau Prime Minister Carlos Gomes Junior Tuesday barred officials from taking trips abroad and from buying cars costing over 30,000 euros (38,000 US dollars) in a bid to cut state spending. "No member of the government is currently allowed to leave the country," read a statement from the prime minister. The measures were taken to comply with the requirement of international donors that government reduce spending and its members curb their flashy lifestyles.



Announcing its first budgetary cuts last week, the government asked that "some missions outside the country be entrusted to ambassadors" and that ministers should get the green light from the state before signing or negotiating agreements. Guinea-Bissau, one of the world's poorest countries, is wracked by political and military instability. In July it reached an agreement with its creditors from the Paris Club and Brazil to reduce its public debt. On January 1, 2010, the debt owed to Paris Club creditors by Guinea Bissau was estimated at more than 240 million dollars in nominal value.





I think this should be done in nigeria a country where the excess crude account has been depleted over nonsensical purposes. a country thet intends to spend N17 billion on fool-at-fifty anniversary!

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