Prospects for an economic turnaround in 2006 are dim, according to respondents in MediaToday’s end of year survey.
On paper, 2006 holds no major surprises or events that could galvanise the country, apart from the brief one-month interlude when football lovers will be glued to their TV sets watching the world cup, unless pay-TV rights will not make it mission impossible for viewers.
With no apparent sparking controversies compared to the January last year, when the failed social pact and the public holidays cut were dominating politics and the economy, government will be starting the year 2006 on a calmer note although the economy is still subject to a lot of pressures that are visible to all.
The shortfall between recurrent revenue and total expenditure during the January to November period in 2005 amounted to Lm93.4 million, against the Lm129.1 million a year ago.
Although drilling for oil in territorial waters has had its ups and downs, many contend that we cannot count on immediate success that oil can be discovered in commercial quantities, but prospects for 2006 seem brighter READ MORE >>