The Ministry of Finance’s move to swiftly meet with the hierarchy of the National Insurance Scheme (NIS) and the Treasury Department, to address the obviously embarrassing revelations in the Auditor General’s report is an expected and desirable move.Many of the disclosures from the 2021 Auditor General’s Report were damning. They were not a good look for a government that is seeking to extricate itself from the crippling effects of successive global crises.There is not much more that can be said about the impact of the COVID-19 pandemic on the economy, as we now face an inflation disaster.For even though its worst effects are subsiding, the loss of gross domestic product (GDP), the near implosion of travel and tourism, and the extensive borrowing that resulted in an effort to keep the economy afloat during the pandemic are serious remnants that will take time to normalise.
