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Budget speech survival guide

31 octobre 2013, 05:19

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Budget speech survival guide

Budget! That time of year again when you allow the minister of finance to bore you to tears for three long hours, eat your main course and gives you the privilege of thanking him for the meagre dessert he served to make your labous doux.

 

But you must admire the style! First, the minister of finance struts in slowly with his wife and poses for the dozens of photographers eagerly awaiting his arrival. Then, he delves into the achievements of the government and dwells lengthily on each. This year, expect the investment in infrastructure, particularly roads and the new terminal – admittedly first class, let’s be honest – to take up a good chunk of the speech. He will, after that long and lengthy part, announce some measures which will make no immediate sense to you but which will, somehow, make you feel good.

 

If the minister of finance leaves you doubtful about whether this budget will change your life, his colleagues will chip in to erase any doubts on your mind. They will utter all kinds of sounds of appreciation – ah, oh, yeah – and tap the tables enough times to leave you feeling like an idiot if you did not take the full measure of how good this budget is for you.

 

The next day is even harder to survive and takes some skills to cope with. Here are some tips to help you through the day:

 

1. A lot of analysis by all sorts of ‘experts’ will follow the budget speech. Don’t let the jargon confuse you. Go over last year’s after-budget comments and you will sound as much of an expert as any expert around. They are identical!

 

2. Or play it safe and stick to two comments. If you are on the side of the minister of finance, say something like, “It is a social budget which will lift people out of poverty”. You can’t go wrong. Everybody knows that the only thing which lifts people out of poverty is themselves but everyone will admire your insight anyway. If you are on the other side, keep repeating: “It’s a budget with no vision.” You are sure to strike a chord. I have never heard of a budget which has vision and, at any rate, vision is something so difficult to define that no one can prove you wrong.

 

3. Alternatively, you can say that this budget is similar to last year’s. In many ways, it always is. I mean how many economic policies are out there to choose from? You might sound a bit smarter by saying it is old merchandise repackaged.

 

4. When you comment on the budget, always lift your head up so that you are looking down on the rest of the mortals who know nothing about economics. If you can fit in some high-sounding economic speak, you will complete the picture. Here’s a list to choose from: ‘seasonal adjustment factors’, ‘deficit funding stimulus’, ‘resource gap’, ‘bubble economy’, ‘asset price inflation’, ‘Gini Coefficient’. You can sound more intelligent if you pepper your comments with some nice expressions used by people more learned than yourself like ‘jawboning’, ‘irrational exuberance’, ‘animal spirits’… Don’t bother looking them up. Ah, and don’t forget the blue economy. It’s very fashionable so both sides will milk it dry.

 

5. Breathe in extensively. Not only is oxygen good in stressful times but it is also still free and therefore not likely to be taxed.

 

6. Do some relaxation exercises. The complaints of the rich and the satisfaction of the poor are equally depressing. Everyone thinks their lives have changed in some way. Yet, no one remembers what measures were taken during last year’s budget. All the rich remember is that tiny tax on alcohol. The poor have a vague memory of a feel-good factor created by the labous doux. Sugar always has that effect.