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Subsidies and a broke nation...

ANG

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Hi, why are subsidies bad? Basically, the government is picking up the difference between what someone is paying for electricity and what the true cost of producting it is.

This simply is a bad idea and a waste of money. However, when a lot of electricity is stolen and also electric bills are not paid by the rich, it makes this even worse. The government is basically borrowing money it does not have to lower the cost of electric. Real smart...

Three-tier policy: Govt pays Rs95b in electricity subsidies – The Express Tribune
 
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