Liberty Discussion is a program designed to engage and inform the core members on the ideas of market economy and classical liberal ideas. Discussions are made on contemporary issues (local or national) through open market perspective. The article is selected and shared within the members to prepare oneself for the program.
On 1st April 2023, Bikalpa an Alternative organized Liberty Discussion at Dynamic Education Complex Biratnagar to discuss the article ” Challenges in Government Spending”. The session elicited lively discussion with all the fellows participating in healthy debates. The fellows were left with open-ended questions to explore through their journey at the fellowship. The discussion began with welcoming all the participants and offering insights about the bi-weekly liberty discussion. During an in-house meeting, participants opined on a wide range of issues concerning Government spending at public expenditure, Government debt, healthcare, tourism, education, justice services, public order, and safety.
As we know, government expenditure refers to spending on various goods and services, such as healthcare, education, defense, infrastructure, and social welfare programs. This spending is financed through taxes, borrowing, and other sources of revenue. Participants said Government spending serves many purposes and reflects a government’s priorities and values. However, excessive, or inefficient expenditure can lead to fiscal imbalances, inflation, and other economic problems. Similarly, participants also discussed the budget spending process in the countries like Nepal.
Some other participants raised essential points during the discussion regarding governments’ challenges to ensure that public expenditure is used effectively. They said governments need to constantly monitor public spending to ensure that it is being used effectively and efficiently. Participants gave varied opinions on If a government spends more than what it earns endlessly, it will need to borrow from others and be in debt. Some future earnings will pay interest, leaving less to spend on other areas. It was interesting to get the inside perspective from all the participants during the discussion.
