Prime Minister Fruendel Stuart
Prime Minister Fruendel Stuart

Execution in it’s simplest sense is to: get things done. Period. But it’s more complex than those 3 words might suggest. It’s about getting the right people in place, building a strategy around the resources available, and finally implementing the strategy, linking the strategy with people.

David Lau

It is generally accepted that highly successful organizations achieve stated objectives because they execute with military like precision. And as Lau opines, it is about defining a strategy, accumulate and efficiently deploy resources and assemble people with the correct skillsets.   The theory is easy until we allow indiscipline to intervene.

Barbados like many countries in our region finds itself mired in an economic morass. While there is agreement from all quarters that the environment in which we have to manage is a challenging one, we remain divided as a people the path we should follow. It is a situation which cries out for leadership.

In the just concluded 2013 Budget and Financial Proposals the Minister of Finance Chris Sinckler outlined several projects which the government proposes to implement to spur economic activity. BU and Barbadians at large wish the government success. However, it is an open secret that successive governments have struggled mightily  with efficiently designing and implementing major projects. Scare financial resources currently at play will likely exacerbate the problem. Despite the public assurance from the Prime Minister that he will ensure projects mentioned in the budget are rolled out to plan, there is little if any confidence by BU that this promise will be kept.

Even if Barbadians were to believe that the grave economic situation Barbados finds itself would spur a change in the albatros moving culture which cloaks this government, we were presented with enough evidence after the delivery of 2013 Budget to be sceptical.  It was made clear that the projects to be rolled out supported by revenue and tax measures were critical to Barbados improving its economic performance.  Instead we have had confusion in the post budget period.

The Greening Levy was replaced with a Municipal Tax of .07%. A quick calculation however by a burdened and rapidly disillusioned middleclass quickly alerted government to an ERROR ERROR. Minister of International Business Donville Inniss to his credit came public to confirm that the Minister of Finance will have to speak to this matter because there is consensus that a clarification is required. Barbadians continue to wait.

The decision to pass on UWI  tuition cost has also created confusion. A few days after Minister Chris Sinckler informed Barbadians that ‘free education’ was to be abolished, Minister of Education Ronald Jones appeared on national TV to announce that the edict was not cast in stone. He indicated that suggestions would be welcomed by his office. Other issues have arisen which suggest that the 2013 Budget was not well crafted.

The point to be made is ever there was a time when flawless execution by our government is required the time is now. To have delivered a budget which is replete with errors which has provoked public hysteria and outcry does nothing to infuse confidence at a time when it is sorely needed. A confidence which is rapidly depleting given government’s decision to send home temporary officers last week with a promise of more to come. Before it is too late the government needs to send strong signals to Barbadians that they are an empathetic lot. They can do this by reducing the size of the Cabinet to 10 and slashing parliamentary secretaries by half. An immediate order to suspend all travel in the public sector for the next 12 months unless deemed urgent by a bipartisan committee of parliament. With immediate effect no wives to accompany ministers on overseas jaunts. All government vehicles to be parked by 5.30PM unless on official duty.

The Barbados economy and society cannot be sliding into the toilet and these jackasses wearing suits continue to operate business as usual. They were elected to serve us for crissakes.

149 responses to “Execute Prime Minister!”


  1. @Gabriel

    A redjet model will not succeed as long as the existing LIAT model remains.


  2. Redjet would be used on the long haul routes viz Curacao,Aruba,Cayenne,
    Guyana,Trinidad,Antigua,St Maarten,Puerto Rico,Santo Doming,Haiti,
    Jamaica,Cayman,Panama,Colombia,Venezuela,Cuba,Belize,Mexico,Costa
    Rico and long term plan to eventaully seek and operate to the North American
    mainland.LIAT would continue to serve the shorter routes with aircraft appropriate for the territories.
    I was never in favour of all these bajan millions put into LIAT.LIAT has too much control by Antigua and Antiguan politicos.

  3. PLANTATION DEEDS FROM 1926-2013 AND SEE MASSIVE FRAUD ,LAND TAX BILLS AND NO DEEDS Avatar
    PLANTATION DEEDS FROM 1926-2013 AND SEE MASSIVE FRAUD ,LAND TAX BILLS AND NO DEEDS

  4. For all of you BLP people, here some good news for you.

    “France adds Bermuda, BVI to tax-haven blacklist”

    By Caribbean News Now contributor

    PARIS, France — France has added Bermuda and the British Virgin Islands to its list of uncooperative tax havens. French tax law applies some of its harshest rates on investors from countries deemed to be uncooperative.

    France added the two territories to the blacklist, along with another British dependency, Jersey, and removed the Philippines, according to France’s official gazette dated August 21.

    “Being on the ‘blacklist’ triggers the application of 75 percent withholding taxes on French source flows to those territories and the strengthening of anti-abuse mechanisms,” said Michel Collet, a partner at law firm CMS Francis Lefebvre in Paris told Reuters.

    No reason was given for the move. However, given that France signed exchange-of-information agreements with Jersey, Bermuda and the British Virgin Islands in 2010, it is likely that France was simply unhappy with the response of these territories to requests for tax information, Collet said.

    According to data compiled by the French government through to August 2011, Jersey and Bermuda had responded to all French requests for information. The British Virgin Islands had responded to 31 out of 41 requests, Reuters reported.

    Meanwhile, BVI premier Dr Orlando Smith, in a press briefing on Friday, said that he was shocked by the decision made by the French government to add the British Virgin Islands to its list of ‘non-co-operative jurisdictions’ and is investigating the rationale behind the decision.

    http://www.caribbeannewsnow.com/topstory-France-adds-Bermuda%2C-BVI-to-tax-haven-blacklist-17468.html


  5. Tourism staff told Department to be abolished
    By Sam Strangeways
    Published Aug 29, 2013 at 8:00 am (Updated Aug 29, 2013 at 11:38 am)

    Comments ( 96 )

    FirstPrev1NextLast

    Tourism Minister Shawn Crockwell (Photo by Akil Simmons)
      Related Stories

    Former Tourism Minister: ‘Any professional who saw how the Department has been run would understand’
    ‘If everyone took a leaf out of his book, Bermuda tourism will soon be on the road to recovery’
    Bartenders wanted for pink cocktail competition
    Tourism won’t pay me for my work to save the 2010 African Heritage Disapora Trail conference
    UK couple win five night stay at Cambridge Beaches
    Related Media

    Tourism statement in full
    The Department of Tourism is to be abolished and all its staff offered jobs elsewhere in Government, it has been revealed.
    But Minister Shawn Crockwell has issued reassurances that no jobs will be shed as a result of the changeover.
    A newly created independent Tourism Authority will take on the functions of the Department from October 1 and Tourism staff will get the chance to apply for jobs there, though they won’t be guaranteed a position. It is understood they will also have the option of voluntary redundancy.
    http://www.royalgazette.com/article/20130829/NEWS04/130829701


  6. prodigal son

    In spite of all of your predictions, your Barbados Labour Party is still on the opposition benches where they belong.

    You are finding it extremely difficult to come to terms with that simple fact, it is going to give you a stroke pretty soon.


  7. Simple simon

    “And they wonder why we hate them”

    Speak for your self, only YOU hate them!!!!


  8. I am of the opinion that the sooner the BTA goes the route of Bermuda the better for our tourism.Barbados did a far better job in the 60’s and 70’s with its Barbados Publicity Committee and its dedicated staff of persons interested in the welfare of Barbados and Barbadians.Paul Foster,Frank Odle and those whose name I cannot recall,all did fantastic work for our tourism with a fraction of the funds these free loaders for politicos now have, and cannot stop the slippage no matter how they try.

  9. millertheanunnaki Avatar
    millertheanunnaki

    @ Carson C. Cadogan | September 1, 2013 at 7:40 PM |

    Why not see the situation from the other side of the equation?
    Why not see it as a total disappointment to see a once black and proud party come to such a sorry end?
    If you believe the DLP has a chance of being reelected or even surviving as a viable political entity after this term then you would believe Eustine is Mother Mary.

    Take what you can now for there is no future for you after having destroyed the EWB legacy.
    No one would ever trust you lot again in a hundred years. It’s a pity you squandered the inheritance of the Young Democrats.


  10. The last two occasions that the DLP were in power, they brought this Country to the brink of financial disaster – the last time Owen Arthur & his team saved us and gave us 10 good years. The last 5 years weren’t good – I sincerely hope that Barbados never experiences another 3 term Govt ever again!
    This time in my opinion is the worst in my 60+ years, I’ve not seen Barbados in this predicament and more worrying I am not seeing anyone in the Opposition capable of doing what Arthur did last time. Arthur is a spent force & I am not sure that MAM is the one to lead us in these times.

    I find our PM makes Sandiford look like a Boss.

  11. millertheanunnaki Avatar
    millertheanunnaki

    @ Tudor | September 1, 2013 at 8:00 PM |
    “I find our PM makes Sandiford look like a Boss.”

    You mean like a genius. At least Sandiford had the balls to implement things and stick by them. The current man ain’t got a clue and prefers to blame things on a faceless computer. If you guys can’t see what monkey you have on your back, god help you.


  12. On the issue of execution, why is the government continuing to hose a football tournament paid by taxpayers to clash with the LIME/Pelican which is arguably more popular. Where is the sense it it except to satisfy political chicanery. We who are not political hacks can see right through it.


  13. David,

    Did you not hear the Minister Steve Blackett say in his budget debate contribution that cutting the football tournament was never an option?

    Would it not make more sense to put this money towards furnishing the “soon to open” Polyclinic which no money has been allocated in this year’s estimates to finish!


  14. We all understand that the DLP wants to feed its base red mean Prodigal, it is no different to what Gline Clake and George Edghiil did at NHC or Obrien Trotman at Rural under the BLP. The politicos are all the same.


  15. Now, now is the right time for many more of the broad masses and middle classes of people of Barbados to join many of these same categories of people in doing whatever is necessary to permanently remove the BLP and DLP from the political governmental landscape of this country.

    ————————————
    Now is the time is right but Ralph Johnson was correct when he said in effect that –BAJANS LAZY AS ASS
    THEY AINT GWINE DO NOTHING
    —————————————————-
    “I find our PM makes Sandiford look like a Boss”

    Don’t be afraid to quote me. I have said that He makes Sandiford look like Winston Churchill


  16. The people elected whom they wanted now live with it.. The budget was never thought out. Everyone knows that.


  17. Here is what VOB’s Stetson Babb posted a short while ago.

    Stetson Babb

     
    I’d promised myself to make no news posts during my vacation (now officially begun) but just cant resist: It appears a recruit at the police training school has committed suicide by shooting himself in the head, I’m also hearing a man came out of a St. Michael church tonight and two men with guns stuck him up and took his car keys and drove off with his car. Bdos is becoming a strange place.
    Like · · Share · 14 minutes ago via BlackBerry ·



  18. David
    But they were not giving away free houses, did not people rent or buy the houses? This is a far cry from taking up $600,000 to give away at a time when the country is going over the fiscal cliff and can least afford it
    ………at a time when this government is asking poor people to pay for their children’s tuition at UWI
    ………..at a time when they have slashed the reverse tax credit which helps the poor
    …………at a time when they have cut 35 million dollars from the QEH
    …………at a time when they have slashed 12 million dollars from the TB
    …………at a time when Al Barrack cannot get a cent
    …………at a time when they have played CLICO policyholders for fools

    600.000 could have restored the $650 to about 600 poor people who could do with the money. Who knows, these same poor people voted for them. I wont say like some on BU….they got what they voted for!


  19. like for example that the Duke had given up his exalted position in the ILO
    it is instructive to note your words ‘had given up his exalted position’

    Not many people give up those positions and it is a credit to the duke as you refer to him that he did. he was not ousted from that exalted body or humiliated therein as was his lot by the Minister according to him. The ILO is a fraternity and the BWU has been a major player for over fifty years. This will always count for something in the international arena. Sir Roy would forever be recognised at the ILO in his own right and the Minister only as a representative of Government.


  20. At least Sandiford had the balls to implement things and stick by them

    Correct me if I am wrong Mr Miller but didn’t Mr Sandiford leave the policies he introduced to the young Mr David Thompson for implementation.


  21. Balance. It seems that Thompson did not have enough time and he probably give them to the present PM who usually misplace files and ain’t SMART to STREAM computers.


  22. implement what, what a joke. nothing going to be implemented until special interest have the last word and between the back and forth that would take time. they run the country, wunna need to get with the program. govt say yeah Special INTEREST SAY nay AND THE ROLLER COASTER RIDE GOES ON.


  23. I am hearing bajans do not know that the average citizen can file for bankruptcy, bajans may want to look into that, lawyers should tell their clients that is an option. What i hear is transpiring in Barbados requires that move.


  24. I am an eternal optimist, and as a result I hoping that one day that Barbados Underground will be a fair blog and publish the news as it happens.

    I can’t believe that every week Barbados Underground can carry reports from Hal Austin, Native Son , writing from the U.K, and not once can he find it convenient to tell readers that U.K workers and Barbadian workers are suffering the same effects of the global recession.
    I now invite Barbadians to view the following SKY News’ article captioned

    ‘Wages: UK Workers In Europe’s Bottom Four’

    It reads in part ‘Shadow Treasury minister Cathy Jamieson said: “These figures show the full scale of David Cameron’s cost of living crisis. Working people are not only worse off under the Tories, we’re also doing much worse than almost all other EU countries.
    “Despite out of touch claims by ministers, life is getting harder for ordinary families as prices continue rising faster than wages.
    “People on middle and low incomes have also seen tax rises and cuts to tax credits, while millionaires have been given a huge tax cut.”

    Full article can be found at url:-

    http://news.sky.com/story/1127184/wages-uk-workers-in-europes-bottom-four

    I also take issue with one Hamilton Hill who apparently only reads the Nation Newspaper and doesn’t take time to catch up with the news in his adopted and beloved US . I would suggest he reads the article captioned From 1963 to 2013: Is black America better off 50 years after ‘I Have a Dream’

    It can be found at url :-

    http://thegrio.com/2013/08/28/from-1963-to-2013-is-black-america-better-off-after-i-have-a-dream/

    It would appear that many black Bajan Americans would be better off living in Barbados than in USA.


  25. this one was taken from FACEBOOK:

    “Explain this to me: How can you get all hot under the collar, explode, gesticulate (sometimes from the pulpit) and bring in new laws to severely punish men for domestic violence, abuse and rape of women (which is what should have happened years and years ago), and then calmly ignore when a man in a Top Position was charged with raping 2 young girls (and more who spoke out afterwards), and who was actually fired from his job, when some 5 or 6 years later we learn that he has been re-instated at that Company … IN THE TOP POSITION. No one has protested, nor uttered a squeak about it. I guess it can only happen in Barbados. Bajans sure have short memories, and money talks.”

    IS THIS NOT AN INSULT TO WOMANHOOD?

  26. millertheanunnaki Avatar
    millertheanunnaki

    @ balance | September 2, 2013 at 12:00 AM |

    Thompson was just a figurehead of a MoF and young and eager political cannon fodder to take some of the heat off Mr. Sandiford (as recommended by his wife).

    Sir Lloyd was still the substantive PM at whose desk the buck stopped for rubbing-stamping before getting final approval from the resident IMF officials.

    Mr. Stuart is about to play a similar role. Only difference is that he would not be able to pussyfoot around as he has been doing for the last 2 years. Mr. Sandiford lasted 3 years or thereabout. We don’t think the country has that luxury of time this time around.


  27. ac,,,,,,,,,,,you are tiresome, yall going from blaming a computer and whatever else for the mess of suffering being visited on the taxpayers, now in your simpleton state you are trying to blame the few bajan whites, indians and other minorities on the island, what special interest group what, you have an all black government, who draft, present and implement the laws on the island, if the special interest group made up of the minorities are calling the shots on how the island is managed, means that black majority government is taking bribes from the small minority group so that they can be allowed call the shots, you and carson are two prime jackasses who continue to prove to everyone on the worldwide web how inept, corrupt and downright dumb the DLP government really is, they need better representation on BU than you two, then again they deserve what they get, you tend to get what you pay for.


  28. DONVILLE please make your move NOW, demand a vote of NO CONFIDENCE in the PM and MOF. If you lose at least you have more integrity than the others, LEAVE and become an independent or cross the floor! The DLP is badly in need of some intelligent and sensible people. WHY would anyone who has any sense go along with these idiots running the show!


  29. The Elusive Revival

    Finance & Development, September 2013, Vol. 50, No. 3

    Andrew Warner

    The expected boost in growth from natural resource booms is not yet happening

    Global prices of crude oil, hydrocarbon products, and minerals have surged over the past decade. Metals are up 66 percent, crude oil 159 percent. Major deposits of natural resources have been discovered in developing countries: gold in Burkina Faso; offshore petroleum in Ghana; and copper, gold, and coal in Mongolia. Many expect growth to follow. If institutions in these countries are sound and the resources are invested at home in infrastructure and health and education, the assumption is that growth will happen.

    But the old natural-resource curse—the paradox that countries and regions with an abundance of natural resources tend to have less economic growth and worse development outcomes than those with fewer natural resources—casts a shadow over this optimism. Expectations were also high in the 1970s, yet countries rich in resources experienced significantly lower growth than other countries during the 1970s and 1980s.

    However attractive the vision of a resource-led revival, it is unfortunately proving elusive. The key to understanding the longer-term trends is to look at the economy outside the natural resource sector. Although overall growth rates are positive, underlying nonresource growth rates are much lower.

    Nevertheless, pessimism is not the right conclusion. Sure, some problems associated with resource riches are rooted in basic economic forces over which countries have little control. But there is much over which they do have control, principally public investment decisions. Given the continued poor performance and inefficiency of public investment in both resource-rich and resource-poor economies, there is probably great scope for improvement and an opportunity to counteract whatever other dark forces are associated with great natural resource wealth. But to do so governments must fundamentally change how they make these decisions.

    The curse continues

    There is a lively debate about whether the natural-resource curse still exists. Some claim it is over, pointing to the fast growth of mineral-rich economies: Ghana grew 7.1 percent in 2012; Mongolia, 12.3 percent; Burkina Faso, 6.4 percent; and the United Arab Emirates, 4.4 percent.

    But these numbers are distorted by the booming resource sector. A better metric of whether an economy is developing the ability to grow after a boom is activity in the rest of the economy.

    Over the past five years, real per capita growth in Mongolia’s nonresource sector has been essentially nil, at 0.23 percent a year. Ghana’s is doing better, at 4.2 percent, but the United Arab Emirates (–3.4 percent) and Burkina Faso (1.9 percent) saw negative or unremarkable growth.

    This phenomenon of slow growth in the nonresource part of the economy, even during boom periods, is not unusual. In my research, I examined boom periods in 20 economies other than those mentioned above and found that only 3 of 20—Angola, Equatorial Guinea, and Mozambique—achieved significant positive growth. Of the rest, 13 suffered negative growth in the nonresource part of the economy.

    These results challenge commonly used economic models that assume countries will automatically grow whenever public capital investment increases. There has certainly been a rise in public capital investment in booming economies, yet the GDP growth data hint at negative returns. Despite huge resource revenues and significant domestic investment outside the natural resource sector, growth has been disappointing in resource-rich countries.

    Some will argue that we need to give it more time, but the record in countries that had booms many years ago is no less disappointing. After large windfall booms in oil or gas revenues in the 1970s in Algeria, Gabon, Kuwait, Libya, and Saudi Arabia, growth in the nonresource sector was not impressive (see table).

    Chile, Indonesia, Norway, and Botswana are often cited as counterexamples to the proposition that resource intensity harms growth. But Chile, Indonesia, and Norway are not in the same league as the mineral-rich economies of the Middle East and Africa. Chile’s and Norway’s shares have fluctuated around 10 percent, and although Indonesia’s resource share temporarily reached 20 percent in the 1980s, it was still a far cry from the shares of Saudi Arabia (68 percent in 1976), Qatar (62 percent), and Libya (71 percent in 2006).

    Botswana is a special case. Through the mid-1990s, growth outside the mineral sector was not especially rapid. Diamond production increased so much that, between 1970 and 1996, 70 percent of Botswana’s increase in GDP was thanks to the increase in diamond-generated GDP alone. Since 1996, the economy has continued to grow rapidly, becoming one of the few mineral-rich countries to show fast growth after a resource boom.

    The two major explanations for slow growth in resource-intensive economies are poor institutions and “Dutch disease”—the harmful consequences of large increases in a country’s income (see “Dutch Disease: Wealth Managed Unwisely,” in F&D’s compilation of Back to Basics columns—www.imf.org/basics). Neither explanation, however, is particularly helpful for suggesting solutions.

    One problem with the first is that the concept of institutions is too broad. Poor institutions can mean anything from inadequately articulated or enforced laws to lax administration, weak safeguards against corruption, or poor economic policies. So the policy advice is too general. And although many have in mind inadequate safeguards against corruption when they cite poor institutions, straightforward seizure of resource wealth cannot alone explain the negative growth in economic activity observed in some resource-intensive economies.

    Dutch disease—a second, well-supported explanation for the slow growth of resource-intensive economies—occurs when resource booms increase demand, pushing up prices and undermining the growth of firms that use those products as inputs for exportation. Few resource-intensive economies have managed to grow their nonresource exports; and few developing countries have grown rapidly without significant growth in exports outside the natural resource sector. Although countries can mitigate the demand surge at the root of Dutch disease—for example, by spending the resource revenues on foreign goods—they are unlikely to escape it completely. Dutch disease will probably continue to plague resource-rich countries.

    Aside from mitigating the effects of Dutch disease through spending restraint, two oft-proposed policy options to confront the resource curse and bolster growth are to invest in offshore assets or to invest in public capital goods in the domestic economy.

    The choice between the two depends critically on the real returns to domestic public investment. The higher the returns to public capital in terms of domestic economic growth, the more attractive this option is compared with offshore investment. But this assessment cannot be made on the basis of wishful thinking and unexamined assumptions. Too often, advocates simply assert that returns to public investment must be high because the needs are great in developing countries. Yet evidence to this effect is surprisingly mixed.

    The use of public investment to bolster growth has been tried many times, with limited success. A number of countries mounted major public investment drives in the 1970s. For example, in the Philippines, public investment rose from 1.6 percent of GDP to 7.2 percent between 1972 and 1982, and in Mexico public investment rose from 4.9 percent of GDP to 10 percent between 1971 and 1980. And virtually all countries with natural resource booms increased public capital investment. A notable example is Saudi Arabia, which expanded seaport capacity, electricity generation, paved highways, and construction of major new international airports.

    Whatever else the investments accomplished—in Saudi Arabia, for example, health and education indicators improved markedly—they failed to boost economic growth over the long term. Saudi per capita GDP outside the hydrocarbon sector has not grown rapidly. And the Mexican and Philippine public investment drives in the 1970s were followed by economic slumps in the 1980s.

    Some argue that state investments in infrastructure accelerated development in fast-growing economies such as Korea and Taiwan Province of China. But, in both these cases, public investment drives did not lead the growth process but rather commenced once growth was already under way. In Korea, President Park Chung-Hee announced a major expressway program in 1967, after the country had begun to grow rapidly in the early 1960s. And in Taiwan Province of China, the “Ten Major Construction Projects” campaign commenced in 1973, more than a decade after that economy first experienced rapid growth.

    Making it work

    Overall, it is hard to find clear-cut evidence that public investment drives will yield positive payoffs. There are many examples of countries that enjoyed natural resource booms and embarked on public investment drives but had little to show for it over the long run. There are also examples of public investment drives not financed by resource booms that had little impact. Clearly, either positive investment returns are absent, despite claims to the contrary, or governments are failing to identify efficient investments and implement effective policies.

    What might underpin poor public investments and policy choices in resource-rich countries? The descriptions of public investment drives in Mexico, Bolivia, and the Philippines by Buffie (1990), Morales and Sachs (1990), and Dohner and Intal (1990) reflect, no doubt, the experiences of many other countries.

    Morales and Sachs cite the near absence of rational economic decision making during Bolivia’s public investment drive. They point to universally overoptimistic assumptions and assessments of benefits, little serious cost-benefit analysis, and pervasive use of noneconomic objectives such as prestige or national security to justify investments. The Bolivian government was fragmented, each faction protecting its own favored investment, with little in the way of a central body to compare alternative investments and select the most effective.

    It is clear from these accounts where the threats to good policy originate. When there is a lot of money on the table, government investment policy is especially vulnerable to capture by interest groups. The influential groups—construction firms, consultants, and almost any commercial interest associated with the investments—are those that profit from simply implementing investments regardless of their social value. Political and regional interests aggressively press their case for their favored investments. A culture of advocacy emerges that distorts objective analysis and a rational decision process.

    Although more evidence would always be helpful, these accounts hint at how government could truly improve public sector decision making. They could, for example, focus specifically on the public investment decision process: create structures that can resist the distorting influence of vested interests, analyze alternatives rationally, measure the outcomes rigorously, and adjust policy if warranted. This would provide a much-needed focus to the general call to improve institutions in resource-rich countries.

    Once an accurate picture of the scope for boosting growth through domestic public investments emerges, governments of resource-rich countries will be able to make better choices on other policy options, including investments in sovereign funds, welfare-enhancing social investments, and provision of natural resource dividends to the population. ■

    Andrew Warner is a Resident Scholar in the IMF’s Research Department

    http://www.imf.org/external/pubs/ft/fandd/2013/09/warner.htm


  30. ghee whiz WELL ! WELL! I speak from my observation ! however the last five years before the election All the BLP yardfowls was saying the same thing. And guess what. Seems like for wunna everyday is ALL FOOLS DAY<!


  31. Islandgal246

    “DONVILLE please make your move NOW, demand a vote of NO CONFIDENCE in the PM and MOF. If you lose at least you have more integrity than the others, LEAVE and become an independent or cross the floor!”

    Desperate, desperate, desperate BLP people!!!!!!

    You remind me of drowning men and women catching at a straw, anything for POWER and to get your paws back on our Treasury.

    Secret Offshore Bank accounts running low?


  32. Carson………….you get to show the IMF that same very article this month when they are in Barbados……no one else is interested, there is something else you are trying to hide.


  33. It is clear that the editorial ( entitled TAXES must be well managed) in the Sunday Sun of September 1, 2013, was the WORST that was written and produced by the Nation newspapers in a very long time.

    It seems that the individual(s) that wrote it was (were) really severely struggling to write it.

    For, it thoroughly lacked substance and fluidity; and it was seriously incoherent and badly structured.

    It did not even zero in on the etiological causes ( the PDC is not going to be exploring such now again) of the political economy and services industry sectors of Barbados being in such a state of worsening depression, at this juncture, but instead the writer(s) made casual forays into the bilge that by laying off and cutting allowances and other things, these are being seen as part of the bid to rein in the fiscal deficit, and therefore these excesses are the causes of such a deficit and not the effects of it, and more so by extension when those things are happening re the laying off government workers, cutting allowances, it is some of the causes of this political economic depression that are being dealt with.

    What rubbish!! What claptrap thinking!!

    Surely, then the editorial writer (s) did some injustices to some readers of it by simply dealing with the effects of these massive structural political economic problems in Barbados, and not the causes of them, which though should really have been dealt with by the writer (s).

    Thus, if the editorial was of substance and coherence, it would have mentioned the fact of those underlying and overlying conditions and assumptions causing this worsening localized depression in Barbados (the evil and unproductive TAXATION SYSTEM, the wicked INTEREST RATES REGIMES, the loathsome so-called institutional repayable loans schemes, the intellectually and politically backward and discredited DLP/BLP factions, etc).

    Hence, too, it would not have started in the way it did: “The shape of the immediate future for some Barbadians became clearer during the past week as the layoffs of some temporary workers and the cutting and shedding of certain allowances emerged as part of the GOVERNMENT’S PLAN TO RESCUE THE ECONOMY, SAVE FOREIGN EXCHANGE AND PROTECT THE FOREIGN RESERVES”, and ended in the contradictory way it did: “We have dwelt upon these aspects of the budget (TAXATION measures) because they are TOUGH MEASURES which the minister has sought to justify on grounds of national necessity. Given that necessity and the short period for which we have been told they will be in force, the government has a duty to ensure that the administration of these TAXES is so well managed that they will in fact be of short duration. Efficiently administrated, they will shorten the pain.”

    The writer(s) of the editorial must be told – instead of they being contradictory and lacking in fluidity – that with TAXATION being one of the major causes of this localized depression, the more and more the government steals and robs more and more of the portions of the incomes, payments and transfers of the relevant people, businesses and other entities within the commercial business and other sectors of this country, the worse and worse these sectors, which make up the political economy and services industry sectors of this country, will perform in the long term.

    Now, too, if the editorial was of substance it would have touched on the fact that some officials at the Central Bank of Barbados and the Ministry of Finance have for some time now been producing for public consumption estimates of the statistical nominal performances of the same political economy and services industry sectors, that have not been reflecting or corresponding to the real picture of the performance of these sectors.

    Well, just like the Greek government, that cooked the financial books to make the Greek political economy and services industry sectors better than they really were performing, and now the Greek people at the ground level are and have been made to come to terms with the wretched conditions in which they really have been living – and with some conditions being made worse via the Greek government austerity measures for so long now – about five years now, with hardly any light at the end of the tunnel – the Barbados government (DLP/BLP) too has been cooking the financial books to make our political economy and services appear better than they have been performing, and now the vast majority of Barbadian people at the ground level have to come to terms with the real and miserable conditions in which they live, and some of which have been wickedly caused by the backward inept fiscal and financial policies of these piss poor DLP/BLP governments – and now with this DLP government’s greater austerity measures, there will be no light and the end of the tunnel in the medium term even.

    So, the joke writer(s) of the editorial CANNOT seriously reasonably structure an editorial in a way whereby they write as they expect that these wicked evil unproductive TAXATION will be of short duration, when already the so-called GDP statistics, sectoral contribution statistics (estimates), when already the foreign exchange statistics, etc, as coming from the Central Bank of Barbados are already very grossly unreliable and distortive.

    What is worse is that these tough measures will and shall NOT rescue the political economy and services industry sectors of Barbados, nor will they save or protect the foreign reserves, which are already less than US $ 160 million, as these same measures are bound to, will increase the intensity and severity of an already shackling out political economy and services industry sectors, for longer than 18 months.

    Finally, how could the writer(s) have touched on the foreign reserves position of the government of Barbados and the other holders of foreign exchange, and NOT write anything, even a little three words, in the same editorial, about the nature of the external goods and services market conditions at this time, as they impact on the foreign exchange earning capacity of the relevant business export agencies and institutions in this country, does indeed say unspeakable volumes about the editorial’s lack of substance, lack of fluidity and coherence, and its bad structuration.

    What piss poor journalism!!

    PDC


  34. Well Well

    This part is especially for you.

    “They could, for example, focus specifically on the public investment decision process: create structures that can resist the distorting influence of vested interests, analyze alternatives rationally, measure the outcomes rigorously, and adjust policy if warranted..”


  35. ac……..we know your observation means nothing so why bother. Your ‘observation’ is actually doing more harm than good to the island. Ok, look at it from an investor’s point of view, a serious investor who is not a thief, conman, drug dealer would decide forthwith after reading most of your posts that he/she would much rather be somewhere else, if that is what they have to deal with on the island.

    Carson………..your DLP masters told you from early this morning to put all the blame squarely on the shoulders of the minority business people on the island, well it will not work, if they are 20 business people on the island who control the finances that is a lot and they are made up of mostly bajan whites, indians and a springle of whatever lese, yall allowed them to accumulate wealth to the detriment of the taxpayers and now want to turn on the same minorities, well i am having none of that, the blame for all the mess and suffering now manifesting on the island is going to stay right where it belongs, on the shoulders of the DLP, you reap what you sow, now govern.


  36. @ CCC…It is certainly not surprising that you sir would take issue with my comments.Suspicion tells me that your concern stems from my referral to your inherited cash cow as stupid.Please accept my correction.Scandalous makes for a better choice of words in this instance.How else does one describe the rationale espoused by this administration? Men and women that risk life and limb on a daily basis to protect this country,that have been for the longest overworked and underpaid seemingly forever,that you and I were both quick to defend when they evoked the ire of OSA, are made to again take the hit? You and all others are being paid for doing nothing. We as a people are tired of this parasitic behavior that continues to drive a wedge through the social fabric of our country.I will say again that the sponsorship of a football tournament at this time is a slap in the face of any retrenched worker.Those of us who really love this country would rather keep hope alive,while those that sing for supper try to do the same for a tainted name.


  37. Well Well

    That is from the IMF not the DLP.


  38. Hamiliton Hill

    Not well said. I think that you are over the hill.


  39. By his own actions he tainted his own name.Should it now be cleansed through the sweat of the poor people? To be washed in the blood of the lamb makes for a better option.

  40. millertheanunnaki Avatar

    @ Carson C. Cadogan | September 2, 2013 at 8:17 AM |

    Carrion, could you tell the BU readers why you are quoting from the IMF as a font of wisdom and reliable information?
    Is this the same IMF whose Head was vehemently castigated by the Guv of the Central Bank and openly supported by you? You told us the IMF do not know what they are doing when it comes to understanding the workings of the Bajan economy and any recommendations from them should be dismissed by the DLP administration.
    Now you want us to read the tripe you have regurgitated here? Carrion man, go fly at kite.

    Your calumnies of OSA are back to cut your rass. We wait to see if you would be so voluminous in your vicious attacks on the IMF when they arrive soon.


  41. Carson. It seems that you don’t understand the suffering being encountered by Barbadians with all these taxes imposed by the MoF? Carson, alias Arthur of Brass Tacks fame, why de hell you keep posting information from overseas just to divert from the problems in Barbados. You are a talented swing bowler. Opps, you are on Brass Tacks talking about Immigration.


  42. Hamiliton Hill

    This is from Facebook:

    “Hamilton Hill
    It good when a Black Bajan can identify where the wastage is and can make recommendations as how to correct it. However it is heart breaking for a black Bajan American who can see wastage in his adopted beloved country and can’t do anything about it. Just turn on your tv Mr. Hill and you would hear that the US fired An unmanned military Predator drone that missed its target. You will have to pay for that error. Blacks , may not be you, are walking around in US with heavy hearts. I just left Brooklyn, Utica to be exact and on one of my visits to Flatbush, tears came to my eyes. I thought that I was in Haiti. Yes, you have 68 inch tv sets, big old cars parked outside run-down apartments, poor heating and cooling facilities, a lot of plastic (invalid credit cards) walking around with and no place to call your own home. Compare it to Barbados. I would recommend that Bajans among them return home and enjoy a night out at the football tournament where there is wastage. Once again I remind you of what is happening to blacks in your beloved country. The same can’t be said of Barbados
    The economic gap between blacks and whites hasn’t budged for 50 years”
    URL :-

    http://www.washingtonpost.com/blogs/wonkblog/wp/2013/08/19/charts-the-economic-gap-between-blacks-and-whites-hasnt-budged-for-50-years/


  43. Miller(Uncle Tom)

    It is time for your mid day nap. You are exerting you brain too much.


  44. Hamiliton Hill

    Facebook readers read your comments and they are convinced that you are an idiot.

    I will not try to change their minds.


  45. David Ellis raised a matter today which we(BU) family raised. With all the second decision making, changes, errors in the budget-how does this impact the MoF’s expectation to achieve expected levels of revenues.

  46. millertheanunnaki Avatar

    @ Carson C. Cadogan | September 2, 2013 at 12:02 PM |
    “Miller(Uncle Tom) It is time for your mid day nap. You are exerting you brain too much.”

    Thanks, Carrion, your Uncle Tommy has had his nap in Eustine’s bed.
    Now answer the question about you ‘ass-kissing’ the IMF.
    Is the IMF good for Barbados or not? Are you going to welcome them with open arms as your banker of last resort when Boss Liar Sickler fails to impress investors to cough up US$250,000.00 by November?

    Your true avuncular adviser.


  47. The three major accounting firms came the same conclusion in their published assessments of the budget. There are too many unclear areas…..case in point the consolidated tax.

    We now see a public service announcement from the IRD trying to clarify the tax. It was not clear rather the Minister was talking about net or gross income. For this tax to be collected, I am sure that the MOF has to go back to Parliament and make a Ministerial Statement as what he said in the Budget Proposals is now law.

    Secondly since Donville Inniss raised the question about the Municipal tax rate as announced is wrong, nothing has been said by the MOF. If the rate is wrong, then the amount of revenue to be raised has to be wrong too.

    If these two were to be the main source of revenue to get Barbados out of the black hole, then we are really up a creek without a paddle.

    Let CCC continue to mock HH, islandgal and miller, his days of mocking are drawing nigh to a close. The dreaded IMF their only refuge!


  48. Was it not stated somewhere that ‘gross income’ is not stated in the Act.


  49. It appears that our own Caswell Franklyn decided to give David Ellis the low down on the afternoon show that government plans to start charging aggressively for serves (to Bajans). We shall see if he is proved correct AGAIN,

Leave a Reply to Well Well.Cancel reply

Trending

Discover more from Barbados Underground

Subscribe now to keep reading and get access to the full archive.

Continue reading