I agree all the above has to be done, but it can't be done all at once without putting thousands of Bahamians out of work overnight.
To cut down on recurrent expenditure, in a meaningful way, they would have to terminate 3,000 to 5,000 civil servants, of the bloated civil service, or cut their salary by 15%. They have said that as people retire they will not hire new replacements and those who are not showing up for work, will be terminated.
They have said that they are looking at ways to get rid of the government corporations, but again they can't put thousands of people out of work.
I am aware that several notices have gone out to real property owners with further intention to enforce.
If people are going to lose money gambling they would get something back if it were a National Lottery. At the moment, the only ones who gain are Sebas and Flowers.
Looking at the numbers set out by Mr. Lowe, it would appear that if you deduct the VAT money from the 2016 numbers, the PLP would have given the country its first billion dollar deficit.
When the FNM ran the deficits during the recession in 2009-2012 we at least can see all the road works done in Nassau. What did the PLP do with the 1.8 billion they spent in 2015 and 2016?????
Economist says...
I agree all the above has to be done, but it can't be done all at once without putting thousands of Bahamians out of work overnight.
To cut down on recurrent expenditure, in a meaningful way, they would have to terminate 3,000 to 5,000 civil servants, of the bloated civil service, or cut their salary by 15%. They have said that as people retire they will not hire new replacements and those who are not showing up for work, will be terminated.
They have said that they are looking at ways to get rid of the government corporations, but again they can't put thousands of people out of work.
I am aware that several notices have gone out to real property owners with further intention to enforce.
On INSIGHT: Everything to lose and so little to gain
Posted 19 June 2018, 11:02 a.m. Suggest removal
Economist says...
Please detail how it can be dealt with differently.
On INSIGHT: Everything to lose and so little to gain
Posted 18 June 2018, 6:42 p.m. Suggest removal
Economist says...
The FNM Budget is far less painful than the alternatives.
On INSIGHT: Everything to lose and so little to gain
Posted 18 June 2018, 5:10 p.m. Suggest removal
Economist says...
A National Lottery makes the most sense.
If people are going to lose money gambling they would get something back if it were a National Lottery. At the moment, the only ones who gain are Sebas and Flowers.
On Web shop pay cut threat over anti-VAT demo
Posted 15 June 2018, 4:11 p.m. Suggest removal
Economist says...
Hanna - Martin is not exactly one to do things quickly. She had probably not prepared her remarks.
On Hanna Martin absence sparks Parliament row
Posted 14 June 2018, 3:53 p.m. Suggest removal
Economist says...
Please, please shut Bahamasair ("Huge hole in the ground money losing enterprise) down.
Where are we now $650 million loss for this dumb airline? Close it down.
On Bahamasair aims to reduce staff by 100
Posted 14 June 2018, 3:49 p.m. Suggest removal
Economist says...
Sadly, Mr. Turnquest is correct.
We have to take this 12% VAT pill or worse is guaranteed to follow.
On 12% VAT only escape from 'double whammy'
Posted 8 June 2018, 9:07 p.m. Suggest removal
Economist says...
Mr. Wilchcombe is an old man with old out dated ideas and should be ignored.
On Ex-minister 'totally opposed' to web shop taxation hike
Posted 8 June 2018, 9:01 p.m. Suggest removal
Economist says...
Looking at the numbers set out by Mr. Lowe, it would appear that if you deduct the VAT money from the 2016 numbers, the PLP would have given the country its first billion dollar deficit.
When the FNM ran the deficits during the recession in 2009-2012 we at least can see all the road works done in Nassau. What did the PLP do with the 1.8 billion they spent in 2015 and 2016?????
On Fiscal hawk: Reject IMF on revenue ratio
Posted 6 June 2018, 11:45 p.m. Suggest removal
Economist says...
DWW, I agree. If Mr. Smith is so smart then why did he not reduce an ever expanding national debt.
Mr. Smith did nothing but contribute to our financial woes.
On $360m arrears 'dive in' not in national interest
Posted 6 June 2018, 3:35 p.m. Suggest removal