Health Economics

        Present time governments expenditure increased but tax and non tax revenue decreased due to lockdown. One side unemployment increased and other side covid-19 pandemic people facing health issues and near one million people died. So government required huge money to fulfil gap between revenue and expenditure. Required heavy expenditure on vaccination to people country wide. USA & UK are choosed the way of quantitative easing to buy government financial assets and bonds. This method is good for emergency support but what is next, When government will repay this financial support this is a big question. Other side I am suggesting a new option for emergency financing to long term financing for economic output growth. 

1. Government should support industries and enterprises by make a law where 30% of bank loan convert in preferential share so interest burden will reduce and possibilities of NPA will become very less. This stake bank can sell to others or company can buy back.

2. Use the households gold in banking system and pay sufficient interest on gold deposit so public earnings will increase and people can expend more to create demand.  Government can issue digital currency or new hard currency thus gold be a part of the banking systems.  All types of deposit and lending facilities available for gold depositors. A new instrument for lending is GFLR / GFIR ( gold fluctuations lending / interest rate).

3. Need to strengthen judiciary and police investigation system so financial fraud detect timely and accused may punished. Need to fix a time period to solve cases under judiciary trial so applicant get relief fast.

4. Government should refund indirect tax to tax payer if he will not get payment of business to business transactions if court trial of such cases take long time then fixed time period for solutions. 

5. For health, vaccination required for patients of covid-19 on time so need to extra budget expenditure for health workers and front line workers. Need to invest more on researchand development. 

6. Few companies developed vaccine for covid-19 virus so need to subsidised so availability for marginal will be easy.


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