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Barbados Budget 2017
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456 responses to “Barbados Budget 2017”
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@enuff
Isn’t Vision Development Inc suppose to be financing the project?
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Carson
A budget to keep the DLP is Government a little bit longer. YOUR ADMINISTRATION IS A TOTAL AND COMPLETE FAILURE.
I thought SINCKLER said last year “we turn the corner”? That corner is a round-a-bout? Dem ain’t got not shame whatsoever.
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The Stinkliar intends to kill Barbadians with taxes while giving the wealthy tax concessions for 40 years.
This man “got to be mad as hell”.
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The DLP could not find anyone to represent that party at VOB’s discussion on the Budget.
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@Caswell
You heard the MoF referred to the fact the BRA and Bankers resolve their issue that will result in some changes? What does it say to you?
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It is designed to protect foreign reserves. The gasoline and diesel rise in cost is reasonable. The spin off effect of the business registration is necessary to ensure the overall tax net is accounted for and thresholds would ensure it is fair. No one was laid off. Income tax allowances were not taken away. Nothing privatised. It was indeed a good budget given the circumstances we face.
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What we have is 9 years of economic pain suffered by Bajans AND there is no light at the end of the tunnel.
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Artax
They must intend to come into people’s houses and force them to register………
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@ David
Sinckler said the Ministry of Finance would provide additional human and technical resources to assist the facilitation of the process.
He also mentioned employing recent graduates of UWI and BCC who would be mandated to visit all business in an effort to process registration with the BRA.
I can understand the rationale behind this policy, because, and according to Sinckler, there are many business people who benefit from government provided services without making any contributions to tax revenue.
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“What we have here is a devaluation. Less money for the taxpayer/pensioner to spend””
Most ridiculous I have ever heard. Try to talk some sense some of the time at least.
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David
I would have to wait and see what these changes produces.
Sent from my iPad
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David
There is light at the end of the tunnel, trust me. The problem is the light we are seeing at the end of the tunnel is the glow from the wick of dynamite.
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“Elections in October….trust me.”
Are you referring to October 2018?
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If the government need revenue so badly why do they keep giving away so many concessions to wealthy people?
Certainly they dont need to give 40 years of freeness while on the other hand they are killing bajans dead with the tax burden. I read recently where the Grenadian government gave the same wealthy man 25 years concessions but our dullards gave him 40.
Are they serious?
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Prodigal Son May 30, 2017 at 8:18 PM
Stop foaming at the mouth.
Go and get a rest. You are wearing your self out.
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Bus Driver May 30, 2017 at 7:18 PM #
“If you have to pay a commission on every foreign exchange transaction, how is that any different to a devaluation (which must be avoided at all costs apparently)?”
@ Bus Driver
Theoretically, your comments are correct. The 2% commission on foreign exchange transaction is essentially a devaluation.
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@Caswell
Based on on how Sinckler conveyed the info clearly the BRA will have to do some tweaking.
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Jeremy Stephen just agreed we have a devaluation with the 2% addon to foreign transaction. It is not difficult to understand.
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Can anyone point to the growth measures?
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I saw Froon slamming his left hand on the table after his esteemed MOF delivered himself of another budget of taxes.I wished that there were about a thousand gramophone needles in the wood going into his hand.JA.
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David
By now you should realise that I trust nothing that Sinckler says.
Sent from my iPad
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Every year since this moron has been the minister of finance, we have heard the same thing. After the presentation, the analysts on VOB saying the same thing………….
Waste of air time.
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“Jeremy Stephen just agreed we have a devaluation with the 2% addon ”
My goodness you are scrapping the bottom of the barrel when you have to look to Jeremy Stephens for support.
This is a man who could not even find a job in England. And had to run back to Barbados where people like you worship him like Jesus.
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Jackass……aint Jeremy a Barbadian?
Yardfowl like you feeding off the trough for so long………….
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……..and Jeremy Stephen is a DLP from a big long time DLP family but when think independently and form your own professional judgement you become enemy number 1.
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ARTAX
” The 2% commission on foreign exchange transaction is essentially a devaluation.”
It is simply a service charge.
You DOOM AND GLOOMERS never give up.
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Let it be known that every carpenter,joiner,mason,tiler,mechanic,in short every artisan will be found by the UWI and BCC squads to bring them into the registration exercise of BRA and so into the tax net.
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The credibility of the MoF is compromised…..the budget is not the budget as it is coming in october…..the taxes imposed are nonsensical…….in other words the bucket was kicked down the road.
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A winning budget.
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VoB programme is good…..UPP is next.
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Recall Grenada entered in an IMF supported program under the Extended Credit Facility (ECF)m which was approved on June 26, 2014.
An IMF team led by Nicole Laframboise visited Grenada from March 15-22, 2017 to conduct discussions on the Sixth Review of the ECF.
The following are excerpts from the IMF’s statement, which was issued at the end of the visist:
“Overall performance during this last phase of the ECF-supported Home Grown program has been strong. The government has continued with steadfast implementation of reforms and made progress toward achieving the key program goals of restoring fiscal sustainability, strengthening the financial sector, and setting the stage for durable growth.”
“The staff team has assessed that the government met all of the performance criteria and structural benchmarks due at end-December 2016. All the indicative targets were met, except for a minor under-spending on the World Bank-supported SEED program because of extra time needed to process candidates under the new eligibility system. Nonetheless, it is worth noting that the results so far point to an improvement in the effectiveness and targeting of programs to those most in need.”
“Real GDP is estimated to have expanded by 3.9 percent in 2016, implying annual real GDP growth of 5.8 percent on average from 2014-2016. Activity in 2016 was driven by tourism, construction, and some pick up in domestic demand, while agriculture experienced weather-related contraction. Growth is expected to moderate to 2.5 percent in 2017, near its estimated potential. Average CPI inflation rose to 1.7 percent in 2016 and is forecast at 2.6 percent in 2017 as oil and food prices start to rise. With steady tourism momentum, the external position remains stable.”
It is interesting to note that Grenada developed “home grown” ECF supported policies.
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Gabriel May 30, 2017 at 8:48 PM #
“Let it be known that every carpenter, joiner, mason, tiler, mechanic, in short every artisan will be found by the UWI and BCC squads to bring them into the registration exercise of BRA and so into the tax net.”
@ Gabriel
And what is wrong with the proposal?
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Was the government not supposed to return my and the taxpayers money which they collected illegally in the form of solid waste tax?
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Artax May 30, 2017 at 8:52 PM #
St.Kitts was recently singing the praises of the IMF as well.
It begs the question…..are they afraid of the books being exposed so to speak…..why are they afraid……why the doom and gloom projection if they are not given a free hand?
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Carson C. Cadogan May 30, 2017 at 8:45 PM #
“It is simply a service charge.”
CCC
You continue to demonstrate that you’re versed in yard-fowl rhetoric, but extremely ignorant of economic issues.
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@ Vincent Haynes May 30, 2017 at 8:57 PM #
I believe Barbados has been unable to met the IMF’s criteria.
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Solutions on VoB now…..backing the govt as usual.
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Surprised Grenville would not have listened to the budget in realtime.
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“Voices from the private sector, ever ready to denounce public sector management capabilities in running the country, eagerly offered up their version of salvation, varying as it were from the privatization of practically everything that moved in government, to less formal requests for the introduction of “government by committee”, populated of course, with a ready supply of “wise men” from the private sector. ”
MIN. OF FINANCE
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I just made the same point to my spouse, David………….how could Grenville be serious when he could not make time to listen to the budget, hard though Stinkliar was on your ears.
And as per usual, right out of the gates, he attacks the BLP. Can you David tell him that the DLP has been the government since 2008.
He began talking about BLP expects a snap election like in 2013………David had to correct him that 2013 was not a snap election.
Immature politician.
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“Fortunately, Mr. Speaker Sir, I did not, and the opportunity to serve as Personal Assistant to the then Prime Minister and Minister of Finance Erskine Sandiford, (now Sir Lloyd Sandiford), didn‟t just expose me to the acute pressures of the time; it also permitted me to see up close how steely resolve, clarity of purpose, resolute and visionary leadership, and above all a selfless love of country, can ultimately be the difference between success and failure in governance. ”
MIN. OF FINANCE
Well said.
Reminds me of
“…If you can keep your head when all about you
Are losing theirs and blaming it on you,
If you can trust yourself when all men doubt you,
But make allowance for their doubting too;If you can wait and not be tired by waiting,
Or being lied about, don’t deal in lies,
Or being hated, don’t give way to hating,
And yet don’t look too good, nor talk too wise: -
The youth will lead us…..that young lady was spot on just now on VoB with her assesment…..in essence a nothing budget.
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The UWI students’ analysis was clear and concise.
Any bet the DLP yard-fowls will characterize them as BLP supporters.
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Vincent Haynes
Didn’t you read my comment earlier?
A winning budget!!!!
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As unpopular as the previous 8 or 9 budgets have been this one is getting some lashes from commentators.
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Surely a DLP person in authority should be able to discern that this jackass CCC is not winning any support for the DLP?
A JA of an elevated order.
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@ Prodigal
Do you actually take Grenville Phillips and Solutions Barbados seriously?
As the leader of a new political party, Phillips and his economic team should have been listening to the Budget.
The man is a joker.
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David
I am convinced by virtue of the postings by the the party hacks on here that they are not interested in winning any elections….only in creating mischief.
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Go back to the very first budget which was presented by our Govt. Look at the comments here on BU from that time to now and you will notice that they have changed in not one way.
DOOM AND GLOOM
The meal we are about to have will be our last according to BLP jokers on this blog. So the ruckus right now on this same blog is expected.
The same old blowhards hoping for the country to collapse led by a blogmaster who hides under his bed and writes this blog.
SAME OLD, SAME OLD!!!
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Carson
DEM CANT TRICK WE AGAIN!!
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