Basic Keynesian economics demonstrate that government expenditure is part of national income. It can generate national income to an amount greater than itself. An increase in government expenditure will increase national income and a decrease will decrease national income. At present, pessimism is prevalent. The private sector is bearish and less likely to invest or consume particular items.
Private spending needs to be revived and supplemented by an increase in government spending.
Increasing government expenditure is the proven better course. This is the proper medicine but it is not well administered. It is intended to tackle the problem of the property glut and is designed particularly for the suppliers of property. To address the glut, the demand side must be taken into account seriously. Though something has been done on this front, its coverage is not wide enough to stimulate demand.