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Life is what you make today. Yesterday is gone, tomorrow we are all died!!!

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Mandela boost for ANC supporters Former South African president Nelson Mandela has made an unexpected appearance at the governing ANC party's final pre-election rally. Wearing an ANC top, Mr Mandela, 90, was cheered by supporters ahead of a speech by party leader Jacob Zuma. Mr Zuma is expected to become president after Wednesday's poll, the most competitive since the end of apartheid in South Africa in 1994. Breakaway party Cope was also holding its final rally, in Limpopo province. But the BBC's Peter Biles, in Johannesburg, says Cope - The Congress of the People - has changed the political landscape since it was launched four months ago. Made up largely of former African National Congress members, the latest opinion polls indicate that Cope could get as much as 15% of the national vote. 'Tougher fig...
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Remittance flows to developing countries are estimated to exceed $300 billion in 2008 Submitted by Dilip on Wed, 02/18/2009 - 09:56. With Sanket and K.M. Vijayalakshmi Newly available monthly and annual data show that remittance flows to developing countries reached $305 billion in 2008 compared to a revised $281 billion in 2007 (see table 1 below, click here for the Excel spreadsheet). The revised estimates translate into a 23 percent growth in 2007, and a 9 percent increase in 2008. While there is a significant deceleration in the growth of remittances in 2008 compared to the previous year, both the levels and growth rates in 2007 and 2008 are higher than previously estimated (more in our Migration and Development Brief 8 ). Note that this round of data release reflects more or less final data for 2007, but data for 2008 are still estimates that will be subject to another round of revision in late Spring or early summer. We a...
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WHY SPEND WHAT YOU DO NOT HAVE?

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The 2018 budget statement and economic policy of Government envision an overall deficit budget of Gh¢10,971.4 million representing 4.5 percent of GDP. Projected total revenue based on the economic outlook for 2018 show that about GH¢51,039.1 million will to be mobilised in the form of domestic revenue and grants. This represents 21.1 percent of GDP. In the same period, the government plans to spend GH¢62,010.3 million representing 25.7 percent of GDP. Meaning that government intends to spend more than its projected income by an amount of Gh¢10,971.4 million. The financing gap will be filled with borrowings from domestic and foreign sources. Simply put, we plan to spend what we do not have. Such has been the sad story of the Republic’s public financial management for a long time. The FY2018 deficit, however, is an improvement on 2017 figures. In 2017, the total projected outlook deficit is GH¢12,887.2 (6.3 percent of GDP). In percentage change, the 2018 deficit is 14.9 percent less th...
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