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?????
The Gaming won't go underground. These guys are finally legit and are on everyone's radar. They will police the industry themselves to make sure no one else gets in the game illegally.
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
Economist says...
The Gaming won't go underground. These guys are finally legit and are on everyone's radar. They will police the industry themselves to make sure no one else gets in the game illegally.
On Davis: Taxation will drive web shops underground
Posted 6 June 2018, 3:08 p.m. Suggest removal
Economist says...
I don't always agree with Mr. Lowe, but I agree that we have to bite the bullet and pay.
The fact that the former government withheld the truth from us about their spending is reprehensible.
But they spent our Vat and added to the national debt and so we now have face the reality of our finances.
Let us accept what has happened, pay the price, and look to the future.
On Fiscal hawk: Reject IMF on revenue ratio
Posted 6 June 2018, 3:04 p.m. Suggest removal
Economist says...
Well said. Both the FNM and the PLP have caused this mess. When we got to Junk Bond status the ability to borrow effectively came to an end.
45 years of borrowing.
Now we have to repay what our fathers borrowed.
On Ouch! Peter turns the screw on VAT
Posted 31 May 2018, 1:43 p.m. Suggest removal
Economist says...
Good point.
On Ouch! Peter turns the screw on VAT
Posted 31 May 2018, 1:39 p.m. Suggest removal
Economist says...
This government is faced with the fact that the 'borrowing well' is dry. The Bahamas has used up most of its credit over the last 40 years.
They have no choice, either they lay off thousands of civil servants or they increase VAT by 4.5%.
Pleased to see that they have lowered duty on cars and taken VAT off medications, residential house insurance and bread basket items.
Also see a break for the poor man in the street as he also gets a VAT exemption if his power bill is under $100 and water bill $50.
Quite a good Budget all considering.
On Business warns Gov't off Budget 'bail out'
Posted 30 May 2018, 5:46 p.m. Suggest removal
Economist says...
Very good budget. Well balanced considering the mess the country is in.
On BUDGET: VAT to rise from 7.5 percent to 12 percent
Posted 30 May 2018, 5:38 p.m. Suggest removal
Economist says...
OECD should concentrate on their own like the USA and the UK. They give no more, or even less, information The Bahamas on who owns what..
On Bahamas slips in half OECD 'peer review' criteria
Posted 24 May 2018, 2:09 p.m. Suggest removal