"The government is targeting a 56.8 percent reduction in loans it has guaranteed on behalf of state-owned enterprises (SOEs) over the next four years, cutting this sum by $418.2m."
Either we hope for a boom and get more revenues or severely cut spending or get ready for large taxes or we go QE Fed style with the CBB monetizing the debt.
I doubt #4 will happen. The hope will likely be for a combination of the first 3 with the govt banking on increased revenues through economic activity, some spending cuts, and increased taxes later down the road.
This is the case with all govts. The government never stops, those who run it changes. So plans are always started. Also, remember if you begin something late in your term and lose its likely the next admin will put their stamp on it.
FNM signs nprip. aa goes bankrupt. FNM works to divest BTC FNM loses power.
PLP comes in does TWD, FNM says its our part of our idea.
PLP begins working on NAD and signs the straw market deal.
PLP begins on Bahamar. PLP tries to sell BTC which of course the FNM considers their idea.
PLP loses power.
FNM comes in, NAD leads the Airport construction, PLP says well NAD's was our idea. FNM redoes straw market and builds it PLP says that was our idea.
FNM signs Bahamar with the Chinese PLP says it started under us.
FNM starts talking VAT, tosses out ideas on a gaming referendum loses power.
PLP comes in does VAT. Continues with Bahamar. Laing says we were looking into VAT as well. Goes all-in on the gaming referendum. Aliv is created. PLP does SPVs like Resolve. Signs Point Deal. PLP loses power
FNM comes in more SPVs like Lucaya Pointe Continues.
First thoughts and let not fool our selves taxes will go up not now but later. The most expensive things are free. We will pay for the borrowing, we're just not paying for it in taxes now. Eventually, the bills will come due. That is unless we get an economic boom like never seen before.
I mentioned before we are always a hurricane or two away from blowing through any fiscal consolidation plans. I do wonder if the budgets account for these. Unlike pandemics, hurricanes are a way of life.
I mentioned before between 2019/20 and 20/21 we'll borrow about 2b dollars. Im still surprised that they didn't get those test kits as they were deemed too expensive. I assume those very kits will help this entire process and probably save in the long run.
Tax holidays are interesting concepts. I do wonder if a better approach would be to take an allotted amount and target those who need it for school shopping. Broad tax holidays mean people are can easily afford it and can pay the tax also get a break. So then govt loses revenue and helps those who also don't need it and get you later by increasing something else or cutting something else down the line.
like the statements on getting SOEs more independent financially. I do hope there SOE and other restraint measures work. We have however been hearing about this for years. If we don't get a hold of many of our spending issues other structural issues we're never going to be able to work our way out of jams.
thps says...
tribune242.com/news/2019/nov/21/govt-ta…
Though we have heard this already in November.
"The government is targeting a 56.8 percent reduction in loans it has guaranteed on behalf of state-owned enterprises (SOEs) over the next four years, cutting this sum by $418.2m."
On Turnquest unveils list of budget cuts
Posted 28 May 2020, 8:26 p.m. Suggest removal
thps says...
Not serious at all.
On Union chief predicts unrest over restraints
Posted 28 May 2020, 8:09 p.m. Suggest removal
thps says...
Actually many people eat Wendys and stuff on holidays.
If you ever went to or drove past Xtra Valu on a holiday you'd see people there a well.
But whats the issue if they didn't anyway. its a good thing I think, At least with this aspect.
On Restrictions eased as nation moves into Phase 3 of reopening
Posted 28 May 2020, 12:40 p.m. Suggest removal
thps says...
Correct. The can is getting kicked down the road.
Either we hope for a boom and get more revenues or severely cut spending or get ready for large taxes or we go QE Fed style with the CBB monetizing the debt.
I doubt #4 will happen. The hope will likely be for a combination of the first 3 with the govt banking on increased revenues through economic activity, some spending cuts, and increased taxes later down the road.
On THE BUDGET: Govt revenues set for $900m drop, tax relief measures introduced
Posted 27 May 2020, 6:35 p.m. Suggest removal
thps says...
I think we should be happy its being done.
If they canceled it people would complain. If they dragged their feets people would complain. I'm happy it's being done. Call it a team effort.
On Bahamas targets January 1 launch for overflight fees
Posted 27 May 2020, 4:05 p.m. Suggest removal
thps says...
This is the case with all govts. The government never stops, those who run it changes. So plans are always started. Also, remember if you begin something late in your term and lose its likely the next admin will put their stamp on it.
FNM signs nprip. aa goes bankrupt. FNM works to divest BTC FNM loses power.
PLP comes in does TWD, FNM says its our part of our idea.
PLP begins working on NAD and signs the straw market deal.
PLP begins on Bahamar. PLP tries to sell BTC which of course the FNM considers their idea.
PLP loses power.
FNM comes in, NAD leads the Airport construction, PLP says well NAD's was our idea. FNM redoes straw market and builds it PLP says that was our idea.
FNM signs Bahamar with the Chinese PLP says it started under us.
FNM sells BTC begins talking cellular liberalization.
FNM starts talking VAT, tosses out ideas on a gaming referendum loses power.
PLP comes in does VAT. Continues with Bahamar. Laing says we were looking into VAT as well. Goes all-in on the gaming referendum. Aliv is created. PLP does SPVs like Resolve. Signs Point Deal.
PLP loses power
FNM comes in more SPVs like Lucaya Pointe Continues.
Cycle continues.
On Bahamas targets January 1 launch for overflight fees
Posted 27 May 2020, 1:47 p.m. Suggest removal
thps says...
Ok. yea it is not a new charge. FAA manages the space and gets paid for it. Now we will.
On Bahamas targets January 1 launch for overflight fees
Posted 27 May 2020, 1:44 p.m. Suggest removal
thps says...
interesting and a lot to take in.
First thoughts and let not fool our selves taxes will go up not now but later. The most expensive things are free. We will pay for the borrowing, we're just not paying for it in taxes now. Eventually, the bills will come due. That is unless we get an economic boom like never seen before.
I mentioned before we are always a hurricane or two away from blowing through any fiscal consolidation plans. I do wonder if the budgets account for these. Unlike pandemics, hurricanes are a way of life.
I mentioned before between 2019/20 and 20/21 we'll borrow about 2b dollars. Im still surprised that they didn't get those test kits as they were deemed too expensive. I assume those very kits will help this entire process and probably save in the long run.
Tax holidays are interesting concepts. I do wonder if a better approach would be to take an allotted amount and target those who need it for school shopping. Broad tax holidays mean people are can easily afford it and can pay the tax also get a break. So then govt loses revenue and helps those who also don't need it and get you later by increasing something else or cutting something else down the line.
like the statements on getting SOEs more independent financially. I do hope there SOE and other restraint measures work. We have however been hearing about this for years. If we don't get a hold of many of our spending issues other structural issues we're never going to be able to work our way out of jams.
Best of luck to our Bahamaland.
On THE BUDGET: Govt revenues set for $900m drop, tax relief measures introduced
Posted 27 May 2020, 1:40 p.m. Suggest removal
thps says...
Disagree. They pay the fee anyway, it will go to us instead of uncle Sam I think its a great idea.
On Bahamas targets January 1 launch for overflight fees
Posted 27 May 2020, 12:54 p.m. Suggest removal
thps says...
On one hand, it's illegal to use often re-used plastic shopping bags, but on the other hand, let's drill for oil.
On 'Three weeks from oil drilling.. then COVID'
Posted 27 May 2020, 12:31 p.m. Suggest removal