Hubert Ingraham nor Perry Christie should Never Ever think about running for office again. Period. End of Discussion.

Infact, several of the current leadership team of the PLP should consider retiring from politics themselves. Never to return.

Completely Agree!

If the Government would put $9 Million Behind this, it would make s a good start to a yearly Bahamas Junkanoo Festival. But no they decided they wanted to promote Carnival instead... Idiots!

There are opportunities in this program, but there are also many dangers. With our track record for corruption and under the table dealing, I have to strongly oppose this idea at this time.

I'd like to see a greater emphasis on transparency and a stronger anti corruption infrastructure in place before even giving this serious consideration.

You have a short memory, if you think people treated the FNM like they could do no wrong when they were in power. Not only that I believe the bill was passed in February of 2012.

The Government continues to miss the point. Nobody is asking you to cut essential services, we're asking you to cut the inefficiancy, wastage and downright corruption that is a burden on the backs of The Bahamian people.

Put these agencies under a microscope, accounting for every penny and fire people when things are found to be out of order. The subventions will reduce naturally AND we might just get better service.

I happen to agree with both of you. You have identified where we need to focus in order to solve our problems in the long run.

Mr. Allen's simple answer is just one tactic that could slow the bleeding (pardon the pun) while we save the patient.

The Government uses Cash Based Accounding.

below shows the advantages of Accrual Based Accounting vs. Cash Based Accounting and also reveals why the government has been using cash based accounting for so long.

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The difference between cash and accrual basis accounting has to do with the time frame in which revenues and expenses are recorded and reported. **Cash basis accounting will suffice if your business is a simple one.** However, the accrual basis will give a more accurate picture of the results of business operations.

Comparing cash and accrual basis accounting

**Cash basis accounting is a very simple form of accounting**. When a payment is received for the sale of goods or services, a deposit is made, and the revenue is recorded as of the date of the receipt of funds — no matter when the sale was made. Checks are written when funds are available to pay bills, and the expense is recorded as of the check date — regardless of when the expense was incurred.

The primary focus is on the amount of cash in the bank, and the secondary focus is on making sure all bills are paid. **Little effort is made to match revenues to the time period in which they are earned, or to match expenses to the time period in which they are incurred**.

Accrual basis accounting matches revenues to the time period in which they are earned and matches expenses to the time period in which they are incurred. **While it is more complex than cash basis accounting, it provides much more information about your business. The accrual basis allows you to track receivables (amounts due from customers on credit sales) and payables (amounts due to vendors on credit purchases). The accrual basis allows you to match revenues to the expenses incurred in earning them, giving you more meaningful financial reports.**

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The items in **bold** are my own emphasis. Do you see why cashed based accounting has been the preferred method of accounting by government?

Do you think Government will change this any time soon?

We can only hope...

Which station is he on?

Short Sighted Bahamian Government... Choosing Jobs over the environment