In the all cash purchase, the obligatory payment is gone and she must invest $2,000 a month voluntarily.
Giving birth at home costs little beyond the obligatory payment to the TBA, while giving birth at a health facility involves paying for the delivery itself, any needed medicines, the hospital room, and transport to the health facility, and food.
When your monthly budget thus goes from say, $4500 a month, to $4750 a month, based on obligatory payments, you have RAISED YOUR DEBT CEILING.
Disposable income involves a further adjustment to exclude obligatory payments in the form of direct taxes, compulsory payments to social-insurance schemes, and the like and to include simple transfers from other persons, institutions, or the government such as social-security benefits, pensions, and alimony.
In some cases the boundary between voluntary and obligatory payments is blurred so that the meaning of disposable income becomes ambiguous.
After paying for this and other similar obligatory payments of the Government debt services, the celebrated revenue increase of $217 billion leaves nothing for other Government expenditures including defense.
It is estimated that the total tax burden from social contributions and other obligatory payments for OECD countries reaches nearly one third of gross minimum wage, on average, with the shares being almost equally paid by employers and workers (OECD, 2015).
As UNICEF has repeatedly stressed, it is the kind of approach that must begin with the elimination of school fees, uniform charges and all other obligatory payments levied on families.
So the government is trying to postpone all non-obligatory payments until next year, when debt payments are due to fall sharply.None of this offers relief to a stagnant economy.
