2023 Budget Talk

The Honourable Prime Minister Mia Mottley

Prime Minister Mia Mottley delivered a budget yesterday anchored to a transformation theme. The blogmaster agrees with Professor Justin Robinson’s summary of the budget with one addition. There was no serious mention of the plan to address the recapitalization of NIS.

See summary of Robinson’s budget review.

Robinson: Domestic market the target 

GOVERNMENT IS SEEKING to woo the confidence of domestic investors once again, five years after the country underwent its debt restructuring exercise.

This was the takeaway of economics professor Dr Justin Robinson in his analysis of the 2023 Financial Statement And Budgetary Proposals delivered by Prime Minister Mia Amor Mottley in the House of Assembly yesterday.

Robinson, who was a panellist on the NATION’s State Of Our Nation’s post-Budget analysis, said Government’s announced $74.8 million partial repayment to 5 407 holders of Series B bonds, was in an effort to restore confidence in the domestic investment market.

During her four-hour presentation, Mottley said Series B bond holders who are on the register at March 31 will each receive $17 500 while 2 627 are being repaid in full.

Noting that the Prime Minister had not introduced new taxes to bridge the near $1 billion deficit, Robinson said it was evident that the plan is to finance the deficit through domestic investment and growth.

“Clearly the Government is deciding that it is going to go for growth and a lot of the initiatives seem focused along growth. Alongside growth, there were some measures and language that seem intended to encourage and entice domestic investors to provide the financing to close the gap.

“So there was no attempt to close the gap by new revenueraising measures or expenditure cuts. Instead, the Government has decided to financethe gap in this way by enticing the local investorsto come back because that’s where the uncertainty

in the financing is,” he said.

Robinson, the pro-vice chancellor of The University of the West Indies’ Board of Undergraduate Studies, said it is left to be seen whether the incentive will work.

“There was a whole section about reviving the domestic capital market. The repayment of the Series B bonds is one measure, and it is certainly feasible for the Government to make the payout. However, the unknown is whether that would be sufficient to induce investors to come back into the market in the quantity that they need in financing for the next financial year,” he said.

However, as it relates to Government’s growth strategy, he said it was lacking quite a bit of details.

“I was expecting some details on the reforms of the stateowned enterprises (SOEs), which was a central feature of the Barbados Economic Recovery and Transformation (BERT II) programme. In many ways those details were sadly lacking. We are not really significantly wiser about how that will play out. Additionally, because of the uncertainty with the domestic financing, I expected details on how Government was going to address this “The other issue was growth. How do we create some new growth catalyst to take the economy to a higher level? To her credit, the Prime Minister highlighted a number of possible areas that are new – stimulating a film industry, positioning Barbados as a logistics hub. The challenge I had is that they were quite short on details, they appear futuristic and we have to wait to hear the details,” he added.

Also expressing disappointment on the lack of details on the reform of the SOEs was general secretary of the National Union

of Public Workers Richard Green, who was also a panellist.

He said there was some indication that job losses were on the horizon.

“The Budget did not provide any specificities about the reform of those SOEs. Moving forward, it would be interesting from our end to see how that goes. Obviously, there is an indication in this Budget that there is high likelihood of some retrenchment in the SOEs. So there is more in this Budget that we need to see coming out within the new financial year,” Green said.

Nation Newspaper

186 thoughts on “2023 Budget Talk

  1. Budget ‘did nothing for Bajans’

    DLP president says PM maintained status quo; debt issues not addressed

    Democratic Labour Party President Dr Ronnie Yearwood
    (centre) – (from left) Oldwin Skeete (agricultural and rural affairs), Melissa Savoury-Gittens (education), Paul Gibson (health, social care and elderly affairs) and Walter Maloney (labour).

    YESTERDAY’S BUDGET did not address the concerns of Barbadians, neither did it remove any of the taxes they have been complaining about, says president of the Democratic Labour Party (DLP) Dr Ronnie Yearwood.
    In an immediate reaction after Prime Minister Mia Amor Mottley’s four-hour address in the House of Assembly, Yearwood gave his brief analysis from party headquarters. The DLP is expected to hold a press conference today to further respond to the Financial Statement And Budgetary Proposals.
    Yearwood said that in preparing for the Budget response, his team calculated that 30 taxes had been imposed by the Barbados Labour Party Government since coming to office in 2018.
    “The Prime Minister and Minister of Finance claimed gloriously that there were no taxes raised in this Budget, but in effect there were no tax cuts in this Budget either. That is what Barbadians were calling for and that is what Barbadians required as we try to address the cost of living,” he told viewers to the streamed event.
    Yearwood said in her presentation, Mottley maintained the status quo and the billion-dollar debt was not addressed, neither was the reform of the National Insurance Scheme, pension or education.
    “The Prime Minister and Minister of Finance addressed no serious reforms in
    the Budget and in effect the Budget read more like a throne speech than an actual budgetary statement from a Prime Minister as what we’ve come to expect,” he added.
    The attorney and university lecturer said it was interesting that Mottley said she did not want to delve into the details or be bothered by the fiscal or economic issues.
    “But I’m not sure how you can do your job as Minister of Finance without being worried about the details and the fiscal issues facing Barbados. The reality is after this Budget, your struggles as Barbadians, housewife, dad, taxi driver . . . will continue.”
    He questioned what would become of the Barbadian dream as Mottley had passed on a baton of debt, failure and failed dreams.
    “And a nightmare to the next generation of Barbadians and to whoever will pick up the next government,” he stressed.
    The DLP leader said that in its two terms so far, the current administration had borrowed $4 billion and still Mottley came to the public about the economic issue but did not deal with that.
    “I feel disappointment because this is not the Budget that we expected. This is not Budget that would get us to 2030,” Yearwood said, going on to describe it as a “hodge podge, haphazard Budget” of varying policy bits and pieces.
    “In no way does it speak to the vision of what Barbados is to become,” he declared.
    He pointed to complaints
    of garbage not being picked up, children engaging in violence and the cost of food.
    “I want to speak directly to your heart . . . . My duty is to Barbados first . . . . I implore you to join me in this fight to take back this country. Join me in this fight to add your voices to this country. What do you have to fear? You have nothing to fear but fear itself,” he told Barbadians. (AC)

    Source: Nation

    • Mia’s mission transformation

      PREDICTIONS OF INCREASED TAXES and public sector job cuts fell flat yesterday as Prime Minister Mia Amor Mottley delivered a Budget intended to fire up the economy and make Barbados world class by 2030.
      The Minister of Finance and Economic Affairs made her intentions clear from the start of her four-hour presentation in the House of Assembly, declaring: “Those who feel that I will keep the bad news to the end, let me come out straight out of the blocks – the good news is that there is no bad news!”
      Mottley said the Financial Statement And Budgetary Proposals were instead focused on a “mission transformation” built on seven pillars – engineering and unlocking growth; the blue and green economy; Bajan identity and cultural confidence; empowerment and enfranchisement of labour; Barbados as a global logistics hub; building smarter society and Government; and data for decision-making.
      She announced the establishment of National Strategic Council, Growth Council and Fiscal Council “to improve governance, accountability with respect to fiscal affairs, and to ensure sustainable and inclusive growth”.
      “You cannot tax your way out of this situation, that’s why there are no new taxes today . . . but we have to grow our way out of this. BERT 2 (Barbados Economic Recovery and Transformation) is fundamentally about growth and the first thing I can announce today is some new institutional arrangements,” the Prime Minister said.
      “Let us be real, the last few years have been rough and this country has held together. As it relates to job cuts, there is no massive set of layoffs coming in the public service, but there will be adjustments in the SOE (state-owned enterprises) sector, which we have already started to discuss with the public since 2019.”
      Mottley will chair the National Strategic Council, which will include her four Senior Ministers Santia Bradshaw, Dale Marshall, The Most Honourable Senator Jerome Walcott and Kerrie Symmonds, the head of the public service and Government’s seven directors general.
      The National Growth Council will be chaired by prominent Barbadian business executive Dodridge Miller, who is retiring as chief executive officer of Sagicor, and will also have representation from labour and the private sector.
      Former head of the International Monetary Fund’s Western Hemisphere Department, Mexican economist Alejandro Werner, will chair the Fiscal Council, whose other members include University of the West Indies deputy principal and Professor of Economics Winston Moore, veteran trade unionist Cedric Murrell, and senior banker Donna Wellington.
      Mottley also said there would be a new programme called Barbados Delivers led by Invest Barbados chairman John Williams. This was intended to remove obstacles to economic growth.
      The Prime Minister stressed that while her presentation had some elements of a traditional Budget Barbadians have come to expect, it was more “about national transformation; about building a global society and a world class people by 2030”.
      “This Budget ought to be called ‘Upward Onward Bajan Excellence 2030’ . . . and that is the mission. What is Mission Transformation? It is our crusade to make Barbados truly global; to accomplish excellence that will redefine our national approach;
      typify our efforts in the international landscape, and solidify the benefits for this and future generations,” she said.
      “There are well-known examples of the extraordinary success of small states – Singapore, Japan. The name of Barbados must join that list, and we can do it.”
      Mottley delivered her proposals against the backdrop of what she said was an improving economic situation at home, including “the resurgence of tourism activity” and increased domestic demand that “has also stimulated economic activity in the wholesale, retail, and business and other services sectors”.
      With another $200 million loan due this week from the Inter-American Development Bank, she said the gross international reserves would exceed $3.2 billion “for the first time ever in this country’s history”.
      While noting that Barbados’ full economic recovery was still hinged on the external economic environment, the Minister of Finance said Government was focused on three key areas that will accelerate economic growth – the further reduction of debt, the lowering of commercial banking fees, and the restarting in a more aggressive way of the domestic capital markets.
      She also reported that Government will be in a better financial position at the end of this financial year on March 31 to such an extent that it could
      give Barbadians an ease.
      This included the recent settlement for public sector wages and allowances which will cost Government $50 million this financial year and $80 million in 2023/2024.
      Government will also be making a partial principal repayment of $74.8 million, by April 30, to 5 407 individual bondholders of Series B Bonds, who will receive up to $17 500 each.
      Barbadians who owe the Barbados Water Authority and the Queen Elizabeth Hospital are also being offered a 25 per cent reduction in the debt, “conditioned on full payment of outstanding debts between March 15 and September 15”.
      Government has also reinstated the value added tax (VAT) cap on gasoline and diesel at the pump.
      Mottley also said new Central Bank Governor Dr Kevin Greenidge was
      in discussion with commercial banks “seeking to ensure that we can find at least one savings account that will have fees removed from it in order to be able to protect the average Barbadian from the tyranny of fees eroding the little piece of money that they got in the bank”.
      Other measures included the establishment of a Unit Trust Corporation to mobilise private savings; reduction of the Air Travel and Tourism Development fee for CARICOM travel from $37.50 to $20 effective July 1; extension of the excise tax and VAT holiday on the purchase of electric vehicles by an additional two years until March 31, 2026; and a $5 000 increase in the personal income tax allowance for pensioners from income year 2023.

      Source: Nation


      FOLLOWING are some of the key measures outlined by Prime Minister Mia Amor Mottley during her presentation of the Financial Statement And Budgetary Proposals in the House of Assembly yesterday:

      • Reduction in principal owed to the Barbados Water Authority and the Queen Elizabeth Hospital by 25 per cent, conditioned on full payment of outstanding debts between March 15 and September 15, 2023.
      • From April 1, Government will reinstate cap on VAT payable on gasoline at 47 cents per litre, and diesel at 37 cents per litre, for six months.
      • Air travel and tourism development fee for CARICOM travel cut by 47 per cent (from $37.50 to $20) from July 1 to December 14, 2023. This will cost $2.2 million.
      • Provision of $5 million to the Barbados Tourism Marketing Inc to help resuscitate air travel especially in the summer months this year and the next.
      • Customs to initiate re-registration of the warehouse and duty-free shopping sector on a rolling three-year cycle, and conduct field audits of the warehouse and dutyfree shopping sector.
      • From April 1, all entities receiving concessions must participate in business surveys conducted by the Barbados Statistical Service, Ministry of Labour and the Central Bank to better
      measure all economic activity.
      • A $3 million low-interest Revolving Fund at the Fund Access to be set up for acquisition of, or conversion to, electric, plug-in, hybrid, CNG or
      • From April 1, a $25 000 loan limit for postal workers to acquire electric motorcycles.
      • Extension of the excise tax and VAT holiday on purchase of electric vehicles by two more years until March 31, 2026.
      • Effective April 1, inclusion of nurses in the schedule for Public Officers Loan and Travelling Allowances.
      • Government to initiate a partial principal repayment of $74.8 million no later than April 30 to the eligible 5 407 individual bondholders of Series B Bonds, on the register as at March 31, 2023, who will get a principal repayment of up to $17 500 each.
      • Introduction of new instruments such as reverse auctions and a bonds-on-demand facility at commercial banks authorised to sell securities to the public.
      • For income year 2023, personal income tax allowance for pensioners being increased from $40 000 to
      $45 000.
      • Government to set up a working committee to implement reverse mortgages by January 1 next year.
      • A National Strategic Council, Fiscal Council and the Growth Council coming to improve governance, accountability with respect to fiscal affairs, and to ensure sustainable and inclusive growth.
      • Management Trainee Initiative for the Public service.
      • Provision of $9.6 million to the National Sports Council in financial years 2022-2033 for creation of 17 mini-stadia across Barbados.
      • Creation of posts of life coaches, parental coaches and a programme to support psychological counselling across ten communities that are most challenged in the first instance, with a budget of $2.5 million.
      • A $2 million fund at the Barbados Investment and Development Corporation/Export Barbados to support the fashion industry.
      • Provision of $600 000 annually for the introduction of National Strings Programme in the 68 public primary schools.
      • Establishment of Unit Trust Corporation to mobilise private savings.
      • Incentive regime for film production.
      • A $2 million Revolving Fund at the Barbados Agricultural Society to provide small loans to aid livestock farmers.

      Source: Nation

    • PM calls for BL&P, FTC resolution

      THE CAT-AND-MOUSE GAME between the Barbados Light & Power Company (BL& P) and the Fair Trading Commission (FTC) will only hurt Barbadians if it continues, says Prime Minister Mia Amor Mottley.
      She warned the parties yesterday that “if we continue to be the subject of delay, the only losers will be the country and people of Barbados”.
      Last month the FTC delayed its decision on the rate increase application by BL& P and demanded the utility company adjust a significant number of its assumptions, including a downward revision in the rate of return, on which the 11.9 per cent increase requested in the company’s 2021 application is calculated.
      Mottley was delivering the Financial Statement And Budgetary Proposal in the House of Assembly and touched on the topic of energy in the fourhour presentation.
      She said that renewable energy was still a major plank and it was no secret that there were constraints on the global level even affecting Government’s announced plans for electric cars and batteries.
      “We cannot permit equally the transformation of this country to be hampered by a tiresome cat-andmouse game by the BL& P and FTC. Bajans cannot be the losers in this cat-and-mouse game and this is what will happen if this catand- mouse game does not stop. “After 100 years the BL& P as a monopoly provider should know that it has to trust this country and its people a little more, and does not need to delay the procurement of things in a difficult supply chain environment such that when we resolve the issue, you can’t find the things to buy for under two three four years.
      “Similarly, the FTC must understand that delay is the obstacle to progress in this world, especially where commodities are difficult to access,” she added.
      She said the FTC/ BLP matter was sub judice.
      “I say no more on that but suffice it to say that the process needs deconstruction further again. If we continue to be the subject of delay, the only losers will be the country and people of Barbados. We do not produce the materials necessary to participate for most of this . . . but having said that, we believe we can still set the ambitious target and we intend meet our policy objectives.
      “We have to create space to encourage investment by foreign providers because all can’t come from local, but we said enough to let you know that we are creating space for Bajan householders, Bajan companies and Bajan SOEs (stateowned enterprises).”
      The Prime Minister said that if Barbados wanted the cheapest electricity rate, it could have made an offer to a single provider because of its small size, “but what we want is balanced development because Bajans cannot be tenants in their own land, they have equally to be owners.
      “And therefore we accept that the electricity rate might be a little higher in order to create the bounty that can come to individuals to be able to help us with a housing revolution, to help us with sugar industry reform, to help us with state-owned enterprise reform, to help people have a extra piece of money in their pocket when the month come by being able to sell back to the grid,” she stated.
      Mottley said the national energy plan was being upgraded to a national energy investment plan and there will be meetings with investors and utility companies to iron out the bottlenecks.
      “If it means changes to the legislative model, we will be brave enough to do it . . . but let us sit down and discuss how this system is working for us or not working.”
      She also announced the extension of the waiver of the excise tax and value added tax holiday for electric, plug-in, solar-powered and compressed natural gas vehicles until March 2026 because of the logistical difficulties.
      Furthermore, from April 1, the loan limit will be increased to $25 000 for postal workers to acquire electric motorbikes, while nurses have now been added to the schedule for the public officers’ loans and travel allowances also from April 1, and will be eligible for the $50 000 loan for purchase of vehicles.
      With regard to sustainable farming, Mottley said the Barbados Agricultural Society will receive $2 million for grants to its members in that regard. (AC)

      Source: Nation

  2. Barbados is said to be one of the wealthiest and most developed countries in the Eastern Caribbean, but is it still part of the Third World or a Developing Country as it also displays economic, social, political, and environmental issues such as high poverty rates and harder living conditions

  3. William…so wuh happen with the budget evabody so silent…normally ya would get the challenged jumping out boasting and attacking evabody, but the silence is loud and deafening.

    Even heard two people complain they tried to listen to it but the yelling was unbearable, they had to shut off the noisemaker and wait for the printed version.

  4. @ WURA
    All I can say At this time, is that Cockroach has no right at Fowl Cock dance. So all I can say at this time is continue the good work,victory is certain,of that I have no doubt whatsoever.

  5. There can be NO GREATER SHAME for young people than to find themselves growing up in a country led by a pack of international PARRO beggars, whose claim to fame is that they have been able to increase our indebtedness well beyond that which was incurred by the previous set of jack asses of very similar ilk.
    No wonder the youth are hesitant about reproducing… who the hell wants to be the parents of future maids, porters, guards, beggars and Parros?

    So rather that INSPIRE the youth with creative, futuristic, nationalistic visions for future generations, all we hear is a lotta emotional talk about bringing more materialistic albinos to take control of the local assets that have been moving further and further from the reach of the locals – except for those who are watchmen and porters.

    What a CURSED place in which to be born in 2023….

  6. Waru
    Have you considered that the ritualist budget is no different than the evening news on CBC or for that matter most of the countries they micmick?

    You could not have watched these rituals for decades and missed nothing at all. Having not so listened or read anything about it, not even anything on this thread, excepts yours, this writer chooses to ignore the tired, meaningless claims and counter claims.

    Make assumptions that this one toooo is a sameness of a sameness!

    The nonsense of Mia Mottley showing up to receive a floral arrangement. Then performing the ritual of have some special message in a proverbial Black box. And proceeding to talk shiite for four hours as if she had something say. Before a parliament which could have been exactly so constututed were it convined at BLP headquarters is a pappyshow, a mockery as rotuals go.

    Its fairy tale to have a DLP titular leader, who has no standing, go through the pretense that he is in some position to counter the dictator-in-chief, these enactions go beyond the ritualistic and borders on the absurd.

  7. “You could not have watched these rituals for decades and missed nothing at all. Having not so listened or read anything about it, not even anything on this thread, excepts yours, this writer chooses to ignore the tired, meaningless claims and counter claims.”

    Exactly, would never waste energy time and space to listen to slick talking diatribe, when ALL the evidence and reality are staring us in the face, for those who make an effort to see….playing for the peanut gallery packed with a pappyshow- loving crowd…..seems like the weak in mind can withstand another 100 years of the same old, just as they deserve and are entitled…

    The laughable part with bad news all around every inch of the earth, is the opening statement i read……”the good news is, there is no bad news.”

    Ah guess that can only be found in their make believe world of gigantic lies and sleight of hand..nowhere else….while people on the island suffer every day for a cup of tea and a bread…cant feed themselves or their children.

    A dictator wannabe should at least be able to feed the masses…all the glitter and the glamor they CONVINCED themselves was real…is coming TO AN END.

  8. Increase in allowance to pensioners means more money will sit in the banks doing nothing. Smart to pay back the bonds but I doubt they will reinvest.
    I assume Dodridge and Wellington on the growth and fiscal councils is to encourage the big financial institutions to trust government bonds again.
    No responsible investor is buying government bonds until they prove they can start an actual money earning project.

    • @Redguard

      You have highlighted the challenge. Unless the government can turn around investor confidence to finance the deficit we will not advance.

    • Tannis is always intelligent in her responses.

      BPSA: No good, but No taxes but . . .

      ‘Details needed for for other measures’

      THE BARBADOS PRIVATE SECTOR ASSOCIATION (BPSA) is in full support of Prime Minister Mia Amor Mottley’s no-new-taxes Budget.
      In a statement yesterday, BPSA chairman Trisha Tannis said it was commendable that the Government did not to bring taxes considering the challenges being experienced at both the domestic and corporate levels in the present inflationary environment, particularly against the context of the recent extension of the Social Compact.
      What the association was wary of, however, was an absence of details pertaining to some of the measures announced, which it said presented an impediment to full analysis of the implementation and impact on businesses and the private sector.
      “Whilst the BPSA welcomes all initiatives that improve the efficiency with which the Government of Barbados collects and secures tax revenue, serious concerns as to the operationalisation of these measures exist. The measures announced that affect the duty-free sector and recipients of tax concessions are highlighted in this regard. We therefore caution that these measures must be implemented seamlessly so as to avoid compounding the present complexity of doing business in Barbados,” Tannis said.
      “In addition, we recommend clarity in regards to what aspects of the recommendations surrounding the amendment to the Customs Act were accepted as this will have implications on how various tax structures are applied in the near future.”
      She said the association, although being previously apprised at a strategic level of some aspects of the reform of state-owned enterprises, also asked for a more detailed update. She said the progress and impact on the budgetary estimates would have been preferred, given the critical role that these reforms must play in rehabilitating the macroeconomic performance of the country.
      “The need for growth is well articulated and it is indeed the primary plank of the BERT 2 (Barbados Economic Recovery and
      Transformation) programme. While it is acknowledged that BERT 2 has been tabled and provides key indicators and targets for national economic development, the overall framework to promote growth is not as clearly identifiable in Tuesday’s Budget.”
      Tannis added that they appreciated the service sector-oriented focus on the film industry and supported members in the Barbados Coalition of Service industries, anticipating the identification of further measures to expand on the platform provided by Government in the Budget.
      “We also encourage the accumulation and publication of more accurate data so that the assessment of economic output and income, particularly on the contribution of the services sectors, can be comprehensively assessed and published,” the BPSA head said.
      She also said the private sector applauded the dual efforts to train young school leavers as well as new graduates who could take advantage of the public sector management trainee programmes.
      “These initiatives ensure that we retain and train our youth, creativity and ingenuity towards collective productive efforts towards excellence and competitiveness. Care has to be taken, though, in ensuring that the catchment mechanisms for eligible youth are free of political interference and bias. It is also critical that the systems and processes where challenge has been identified in the Civil Service, also be addressed for this initiative to have the best possible opportunity to succeed.”
      Tannis said the association recognised the continuing challenges related to securing non-concessional international financing due to the non-investment grade of sovereign debt instruments.
      “The Government’s efforts to restore domestic confidence in the local capital market though the establishment of the framework of a Unit Trust, and the repayment of the Series E bonds will set the appropriate platform for this confidence. We also highlight the fact that the commercial banking sector has signalled its intent to take the
      lead in this effort and participate in the local capital market more significantly after the restructuring of its debt portfolio in 2018.” (BA/PR)

      Source: Nation

  9. Bushie was wondering which rock to look under…. LOL

    Looks like we have now done Enuff digging …


  10. Wuh i dint know a blog was dependent on pro-homo lovers to stay in cyberspace, where and WHO did this distracting topic come from….and who got the time to waste caring about other people’s sex lives, except for the usual suspects.

    or is it now resoundingly clear that the 3-degrees of separation was ABRUPTLY and UNEXPECTEDLY SEVERED, so no imps, pimps, fowls or slaves can jump/fly out and present themselves as a buffer for the cowardly…whom it’s said are afraid of any ONE- on- ONE ..

    just my kind of to do….one-on-one for the whole duration.

    Anyone care to help out with details…Bushman…i thought this was about a budget or lack of..

  11. Bushman…here is where you can find no end of details, i know it’s a topic that has now become the usual suspect’s bete noire….they now WISH it will all go away…..NOT
    A CHANCE ..but these spent YEARS boasting right in front my face about what they have done, while i remained in the dark all that time…..they thought they had it in the bag lock, stock and barrel.

    .. with no clue that what they cooked up over the decades was a recipe for their downfall….ah want them to confess to their BU family WHAT and WHY….

    Their evil actions…their story to tell.

  12. Canada

    ” The Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, announced today that the government will table its 2023 budget on March 28, 2023, in the House of Commons, at approximately 4:00 p.m. ET

  13. Bushman…doan look like they want to share any details with you bosie…….maybe Miller will be luckier….

    …those are the details everyone on the island needs to hear…it’s not only about my family and i, but about EVERYONE ELSE of African descent…in one way or another…

    …no 2 stories are likely to be alike…in any or every instance….but they all lead the same place, thefts, and disenfranchisement from the HIGHLY immoral and WHOLLY unethical….who got nuff, nuff explaining to do….no…it will NEVER GO AWAY in my case…and if they ever try to use any of the knowledge they kept from me to cash in, i will fcuking CRUSH THEM..

    If everyone remembers the very first time i was called Salemite, i was told ” you won’t know anything about that” with a lol….it’s archived, wuh if i dint know, it would mean others under different cicumstances re their history, dint either..

  14. Pacha…seems it’s spreading like wildfire. The collapse is definitely in full force.

    I posted on the Confused thread about the banking changes with the bigger players closing branches.

  15. Waru

    Anybody so wilfully blind deserves the death which must come.

    Wilful blindness or arrogantly doubling down on wokeism, pragmatic nationalism, financial slavery, and wholly descriptive of Mia Mottley and this dictatorship amounting to death.

    Yes, we see contagion, now reaching Europe, has legs.

    Waru! It now takes only a feather to break this camel’s back for a financialized empire.

    So when Bajan politicians and their foolish followers right here on BU keep doubling down on their ignorance, they shall be very soon found wanting.

    And even when these assholes are so found, don’t expect contrition. Don’t expect apologetics. Only rinsing and repeating. These are why we would much prefer the mushroom-headed phallus in them.

  16. @ Enuff
    You don’t know how much Bushie missed you….
    Good to hear that you are still getting watched…
    You walk good too…

  17. “And even when these assholes are so found, don’t expect contrition. Don’t expect apologetics. Only rinsing and repeating. ‘

    we know the mindsets very well, weeee watched them for years, they will sit their asses down and try to justify these layers of pure evil coming from a gang of thieves, and still crave to be Slaves..

    …what i got pon dem the reason they will not escape my wrath….is that barring a few instances, i remember everything from the year DOT….and even from times outside my current existence, familiar places etc that happens to many…so they did not stand a chance of winning any of this..no matter how hard they tried to stop me from finding out, working overtime to attack and discredit me. Like that could win the dummy nigas something. While boasting and bragging about my not knowing any of it….white world dummies forgot one very critical thing….I HAVE WHAT THEY DON’T.

    The criminal CRABS. .certainly will not get away with what they did…am not the type to forgive generational crimes directed at my family and future generations from traitors who look just like us…and wont rest….until….

    .but the weak-willed sheeple, fowls slaves and others, would do well to learn from my experience, unlike what they would do, i did not hide that there is an issue abd peoole should do their own research.

    …it’s just too private to make public, and will never happen in my case.

    The nerve of these SNAKES trying to cash in on these types of circumstances without the PERMISSION or KNOWLEDGE of African DESCENTS. Everyone should watch their backs, not only in Barbados but across the wider Caribbean…cause we know misleaders all carry the same low class subterranean mindsets.

  18. TLSN…it’s a situation many of us saw coming YEARS OFF..there could have should have been better preparation, but when ya have to read from and follow someone else’s script because ya too foolish and full of yaself to know otherwise…this is the result…

    We were ridiculed, but guess what..it’s happening right in front our faces…just as seen over a decade ago, you can ask some on here, they will tell you the same thing.

  19. The ridicule lies with those who refuse to denounce the quasi madness emanating from Mia the great, and the PR machine that she has put in place to overpower the voices of reason and common sense. Rome, under the madness of the emperor Nero, went into terminal decline due to the inability of their senators to challenge Nero.

    When a Prime Minister announces to her parliament that she has only good news to announce then we can take this as madness. Note the international and domestic female praetorian guard that she has surrounding her. Note her Minister of Propaganda who propagates stories which are buffed and varnished and made to look like all is well in Barbados. Her name is Thompson. How in God’s name has she ended up under the wing and the protection of Mia.

    Barbados is sick. I care not for our politicians. I care only for my black brothers and sisters who are disenfranchised and who have had their dignity removed. Rest assured, there will be nothing left for them to salvage within the next generation and a half.

  20. “Rest assured, there will be nothing left for them to salvage within the next generation and a half.”

    That’s why some of us spent our valuable time for the last decade, successfully trying to wake up many, we saw this happening, needed more info about the reparations scam, which is now available….but outside of warnings here and there, when situations like the above arise, they will get very little going forward, unless they read, since my focus and interests in that direction have largely shifted.

    I am not a Harriet Tubman and not about to pretend am one, none of that energy and life waster interests me….so they better get their shit together, they got all the info at their fingertips that’s been around now for quarter century and more added daily, so the onus is on them to free themselves from the ego bloated wannabes, no one else can do it.

  21. If the history of capitalism teaches us anything it is that it has always been unstable. Such instability guarantees a crisis every 4 to 7 years. These make it impossible for the development of poor or small countries.

    Yes, Keynes and others made commendable efforts to temper such maladies with popular remedies, though few of their arguments were accepted. And even those accepted, like social security, have been hollowed out. So what we have today is a most perverse formation, worst than at any other historical moment in the history.of capitalism.

    That Mia Mottley and a Barbados government, comprising people who were supposed to be brighter than previous generations, could mindlessly and monumentally continue to fail the country by asserting the preeminence of a dead-ended, bankrupt, economic order, must be the betrayal of all times.

    There shall be a price to be paid.

  22. Yolande Grant - African Online Publishing African Online Publishing Copyright (c) 2023. All Rights Reserved. on said:

    The price to pay is just around the corner.

    TLSN…if they dont leave the colonial indoctrination behind, nothing will ever change. That blight is following them around and they are yet to shake it off. As i said over and over for years and years…if those who can see what’s happening right before their eyes, continue on this road to destruction minding, dizzy politicians that personally i would NEVER vote for, they will remain trapped indefinitely.

    Pacha…popular opinion is FDIC don’t have the funds to continue bailouts for depositors…some are seeing it as ” a combination of hyperinflation colliding with the Great Depression.”

    I take it the next few months will be the tell, when the transition takes hold.

  23. Waru

    No. The Fed can create as much money as it likes from thin air. That’s real easy.

    That is not the problem.

    The problem is that in continuing creating such fiat money the ills that you mentioned will be unavoidable.

    This certainty is not merely a function internal to the Fed, the Americans. For there are externalities which, to writer’s view, are vastly more consequential within all calculations.

  24. I see what you mean..

    “Sri Lanka Recession Deepens As IMF Bailout Looms

    Sri Lanka fell deeper into financial catastrophe in Q4 of 2022 as borrowing costs hit a two-decade high in a desperate bid to stave off inflation.”

  25. More and more info being revealed as a food processing company domiciled in Jamaica is now tied to pfizer re digital IDs…a real looming mess…

    Hope the pretenders and wannabes know that everyone including myself hold a certain position and will in no way be moved or deterred, they will now see the stern stuff our combined ancestors, from both sides of the divide, are made of.

  26. Pacha..we can’t make this up…just saw a clip where the PM dude in UK was doubling down on giving illegal immigrants a laundry list of what they will not be able to do knce landed in UK…and one of it was, i quote:

    “You will not be able to access the modern slavery system”

    That is obviously based on who he was speaking to prior to that cockup that slipped out. There was no glitch in the video, it was clear as day..

  27. Fools rush in
    Where angels fear to tread
    And so I come to you my love
    My heart above my head
    Though I see
    The danger there
    If there’s a chance for me
    Then I don’t care

    While people in 🇱🇰 Lanka the Land of Demons 😈 are looking to sell up and leave..
    .. I man am looking to do the reverse and buy a house by the beach with a pool on the cheap

    Fools rush in
    Where wise men never go
    But wise men never fall in love
    So how are they to know

  28. Waru
    These people like Sunak, and his equivalent in Barbados, are always seeking to impress the White establishment that they are even more reactionary than the Whites themselves. A hallmark of institutional racism writ large!

  29. Pacha, William, TLSN…

    A journalist friend of mine is laughing their ass off…but it’s very clear from the perspective of pretenders and wannabes in Slave Society Barbados, the entire plot revolved around, in my case, i can only speak for me and mine at this stage…TIEFING our entitlements and reparations, then ENSLAVING us in their modern slavery scam system…more of the same anti- Afrikan, antihuman crimes for centuries more to come….even though the present company of small island political scum will be long dead in a couple more decades or sooner..the traitor bloodlines..

    .but MFs you will NOT get an opportunity to further disenfranchise my family and future generations without severe life altering repercussions…you can take that to the BANK..

  30. Pacha…..Kush Quarterly March – June 2023….publishing by month end .has an excerpt from my book Collapse on those types like the UK dude and their damaged psyche..which now includes a delusion that they have finally taken full control of the white world as generational puppets…they have convinced themselves of that illusion…and nothing can change that…until a white wakeup call occurs.

  31. Waru
    Things, on all fronts, keep going from bad to worse. Besides this banking or economic crisis, we see that the IAEA cannot account for a large amount of uranium as stored in Libya, under their supervision, inspection, before the NATO invasion. Something is coming down the pike! Maybe as a distraction from the lost of global power. Nowhere in the histories of lost of empires can we find these levels of desperation, recklessness, to maintain. “These days are indeed funny nights”.

  32. “Things, on all fronts, keep going from bad to worse.”

    That’s what am seeing in every area…that’s why am picking my battles very carefully and only fighting those involving any threats to my family and I….Pacha…we gotta protect our own at all cost…as it’s now down to the wire.

    ..this is the true definition and an indication that everything has gone to HELL….and those who dont want to see it, that’s on them, just stay the fcuk away from me and mine and keep us out of your mouths and thoughts..

    Only the small island fraudsters in the Barbados locale got “the good news is, there is no bad news” while the people starve because they can no longer feed themselves let alone bury their dead…. and die for one reason or the other with the lone hospital and morgue filled to overflowing.

    But dont worry, their insignificant fowls and imps will tell ya, so what, it happens everywhere…and i glad fuh dem.

  33. And as Karma would have it, it’s the same platform that the Sunak dude outted himself on boasting about midern slavery…with the odd looking, selfhating bobbleheaded Suella in the background nodding her head in agreement like it would fall off…apparently the dude broke the law…open secrets are not to be spoken about openly….lol

    In his elevated billionaire world up in the clouds…he probably dont even know that slavery is illegal…hence the advertising /promotion of his modern slave system..to illegal immigrants.

    “TikTok Banned on ALL 🇬🇧 Govt Devices with Immediate Effect – Reports

    Days after PM Rishi Sunak was outed on the platform breaking the law, Westminster decided to outlaw use of the social media.”

    • TheO
      As a former Min of Ag, and chair of BADMC, Mr.Wood needs to tell us where the $40M is actually expensed? Exactly where is that money spent.

  34. Doubt I have ever seen so few comments on a Budget in Buhbaydus, which suggests there was little in it?
    Years back, as Toronto sought entry to the filmmaking business, they built several professional studios. Shortly after opening, one got busted. The person tasked with identifying potential grow-ops, by their high electricity usage, had zoned in on a studio. That alone, given the cost of power in B’dos makes filmmaking an interesting choice.
    The CBB once reported that >4000 Reslife customers has received Series B bonds. Hence, I’m unsure how a move to pay 5400 an avg of $13.5k ea represents a move to spur investment versus buying favour with said recipients.
    No reason beyond the emotional to invest before the budget, less after. Less? Failure to address the revenue/expensive imbalance, or it’s funding.

    • Barbadians are tired of the politics. Like elsewhere there is increasing apathy and cynicism. Check parliament YouTube channel at the moment, less than 70 tuned in.

    • After hearing the senior clown Kerrie Symmonds last night, who in their right mind would waste their time listening to the junior jokers?
      What a waste of time and resources!!!

      Mia simply read her last Manifesto aloud last night…

      We all should know that like EVERYTHING else she has proclaimed, these too shall come to nought….

    • David
      I’m not spending hours to listen to MAM. So possibly it impacted optics and perception.
      The acolytes still seem 5 yrs later to buy into ‘watch muh’.

    • @David, yes it’s the “optics” thus when you also say that “Barbadians are tired of the politics… [and] increasing to the 1) saturation of available political news and 2) that saturation providing the realization that in fact the ’emperor’ really is quite naked!

      We are cynical because we can now more readily understand the repetitive political ploys and speeches and see exactly how effectively ineffective the actors aim to be. We can can review prior actions and compare current acts so easily with social media.

      Folks can’t hide from their lies these days yet it’s just as stunning how they so gallantly parade …

      An amusing case in point of how easily we can see through the political BS is the post from @Theo (who I imagine is being more than a bit facetious)…. He said that opposition leader Ronnie Yearwood was speechifying with “precision” where “one can listen without feeling threatened” and be ‘gentle persuaded’ with ‘sweet seduction’.

      All of that is likely perfectly accurate but I laughed nonetheless at the irony when he also said that “Ronnie O” said: “Last night, my team and I in preparing for this budget read the previous budgets and recognised that the Prime Minister and the (Junior) Minister of Finance have added about 30 new taxes to Barbadians over the last two terms of this government.”

      Is this the supposed shadow government leader implying that ONLY NOW his economic team realizes his country has been soaked with THIRTY new taxes!!!

      Just now… you suggest … is that a joke or what!

      No wonder the PM can brag “no new taxes” … clearly (it seems) she had no one showing up and discussing her many OLD taxes!

      So yes millions worldwide are quite cynical of the big shot politicians on all sides with their eloquent BS!

    • @Dee Word

      Some on the blog believe it is constructive to offer a dissenting view for the sake of it. It makes defeats the purpose doesn’t it.

    • Oops .. a correction to an omission in that first paragraph above. It should read:

      @David, yes it’s the “optics” thus when you also say that “Barbadians are tired of the politics…[and] there is increasing apathy and cynicism…” I suggest to you that is due to the 1) saturation of available political news and 2) that saturation providing the realization that in fact the ’emperor’ really is quite naked!


  35. TikTok is banned (on government phones) due the twisted nasty MPs in Parliement who are Chinese Haters.
    White Spies are biggest Hypocrites in the whole wide world as they spy on what people say and control the internet .

  36. When it comes to economic matters I consider myself a flyweight, though I often punch in the heavyweight class. 😄 I think punching above one’s weight is a national trait 😄.

    Thank God for the clarity of the analysis provide by the Great Ronnie O. It is a pleasure to read what this man has to say. His statement are at a level that even I can understand. It is interesting to contrast his style with that of Mia.

    Mia is like a B5 bomber dropping heavy bombs on a target; you don’t know if to run or to continue listen. Her goal is not to persuade but to overwhelm; in fact, she lacks the art of gentle persuasion as she tries to bully her audience. Ronnie O is a bomber whose words are dropped with precision, there is no need to run; one can listen without feeling threatened. Gentle persuasion; sweet seduction.

    Snippets from Ronnie O (I encourage you to tell me where he is wrong.

    1) “The Prime Minister claimed gloriously that there were no tax raises in this budget but in effect, there were no tax cuts in this budget either and that is what Barbadians have been calling for and what they require as we try to address the cost of living. Last night, my team and I in preparing for this budget read the previous budgets and recognised that the Prime Minister and the (Junior) Minister of Finance have added about 30 new taxes to Barbadians over the last two terms of this government. So the Prime Minister bragging that there are no new taxes while not reducing any of the 30 taxes is not a victory for Barbadians,”

    ** Can you imagine that, 30 new taxes in 5 years. I am here praying that she does not find a way to tax the air we breathe.

    2) “The last two terms have seen this government borrow $4 billion in total and this includes the almost $1 billion that they are borrowing this year and you can have a Minister of Finance talk to Barbados about the economic issues facing the country and not address the debt?”

    ** $4B.. do you realize that with a population of 262,000 that is $15,000 BDS per person. If you have 5 people in your household, Mia borrowed BDS $100,000 in your name. Jesus, I was against 185,00 newcomers but now I am glad they are coming to help ease this load.

    3)“That budget will not move the trajectory of Barbados and will not add to the valued lives of Barbadians. In effect, the budget keeps the status quo in check. The $1 billion of debt was not addressed, NIS reform was not addressed, pension reform was not addressed, education reform was not addressed. The Prime Minister, as the Minister of Finance, addressed no serious reforms in the budget, and the budget read like a throne speech rather than an actual budgetary statement,”

    I disagree with him here, as he is a positive fellow. Our trajectory has changed as we are now on a path of destruction and the value of the lives of Bajans is on the decrease (an increase in debt is a decrease on the value of our lives)

    4) “We have had 15 years of non-economic growth in our country compared to our neighbors who have had four, one or two (years of growth). We are at the bottom of the pile for economic development, our tourism is not growing, there have been no growth measures in this budget and yet, we had hours of the Prime Minister talking as usual but saying nothing as usual,”

    **Just what I thought. She talks loud and long and don’t say much. But her speech carries so much energy, you would believe she is saying something.

    Ronnie O, what would I do
    If I couldn’t come and listen to you?

    • TheO
      Either you are wearing blue and yellow or you are not very demanding?
      What would have been impressive is if R”O”Y, had told us the exact changes to taxes, the NIS, pension reform etc he proposed.
      In Opposition, and he isn’t there yet, criticism is easy, especially when it comes WITHOUT specific counter proposals.
      Let’s recall, B’dos in 2013 & 2014 ran UNbudgeted deficits beyond $1B dollars, and little was said.
      He needs to wheel and get specific or he is nothing more than another general critic. As he must be.

    • The blogmaster heard veteran journalist David Ellis with an interesting observation recently- new political parties continue to model themselves in the traditional form.

    • @David, what did he mean by “new political parties continue to model themselves in the traditional form.”??

      Has politics changed fundamentally over the years other than the methods/means and styles!

      As noted above, for example, re Yearwood’s tax remarks … whether by traditional old school ways or otherwise he left himself open to criticism by 1) not being forthcoming with the economic critique continually as the taxes were legislated and 2) by not offering the ‘precise’ nature and economic impact of the tax incidences!

      Certainly with our current communications medium he could have saturated us with details (graphical, personal interviews etc etc) … so if Ellis means that the parties are not using the available tech to excite their constituents then all good … but that would mean they are just INCOMEPTENT! …

      Just as those in the past, past would have been incompetent if they didn’t use regular neighborhood meetings around the country to get their message out!

      The fundamental of politics remain the SAME: get your message to your voter where s/he is … because ALL politics is still local …

      Some traditions are simply ‘sacrosanct’. Just saying!

    • @Dee Word

      It is a David Ellis observation. One must surmise it is about traditional messaging, types of personal selected I.e. candidate selection etc. the need to democratize the process etc. He has a point.

  37. “❗️JPMorgan, Morgan Stanley and Others in Talks to Aid First Republic Bank

    The deal could include a sizable capital infusion to shore up the beleaguered lender, reports the WSJ.”

    The bank in Los Angeles wealthy environs i mentioned couple days ago.

  38. @ David.

    Toronto’s film industry is growing faster than ever, set to surpass its 2019 record of $2.2 billion in production values next year, building on the over 1,500 film, television, commercial, and music video projects logged in the city in 2021.

    • @Hants

      The argument by Dr. Yearwood is why grant the sugar industry mega dollars, a dead or declining sugar industry with limited opportunity and give peanuts to the local film industry.

    • David
      Aren’t you also playing into optics?
      Tony Wood claims $40M to sugar, but for what?
      In Jan I drove past fields a body had told me were leased by GoB or agency thereof, to grow sugar cane. No cane? I asked the body, and the reply, “dat en my problem”.
      If I told you $20M was available to the “film industry”, exactly how are you going to spend/invest those funds?

  39. Let me hasten to assure you that I take no pride or delight in my ignorance. Indeed, I am trying my best to remedy my poor situation and often turn to others to learn or to hear words of wisdom.

    Yet, it amazes me when my crude analysis coincides with that of someone who is much smarter or trained in a particular area. I was searching for an article where a learned person said that what was delivered was “no budget”.

    Now I lack his eloquence and knowledge of the subject matter, but as I was listening I was thinking…. “That’s no budget, that’s a fudget (or fake-it)”

    Medical Update
    To those who asked and wish me well… My shoulders are recovering from trying to clap myself on my back.. I am amazed at the number of times she gave herself a pat on the back and did not suffer injuries.

  40. “The Democratic Labour Party calculates about 30 taxes were imposed on the people since the Mia Mottley Administration took office in 2018”

    Perhaps their fan boys could break down all 30 of these tax rises or perhaps not..

    G0vernemt have no right to tax the weed as they criminalised it

    Woi-oi. Yeah, na-na-na. Na-na-na, na-na-na, today [Chorus] Let’s forward with Jah Orthodox An’ back ‘way with the income tax.

    Come, let’s stone the devil (Stone him)
    Chase him on the level (Chase him, chase him)
    Come, let’s stone the devil now (Stone him)
    Clip him with a pebble
    Forward With the Orthodox

  41. I may have to stop reading BT. I made the mistake of reading this article and am now sick to my stomach.

    “I don’t care what Mia do. Whatever Mia do is well done with me. I was always a ‘B’ and I will remain a ‘B’. I had to live up under the Dems [Democratic Labour Party] and suffer and had to live, so I could live up under whatever my Prime Minister Mia Mottley do and that is a fact of life.”

    I happen to like the great Ronnie O, but let me assure you he will not get a free pass with me. When he becomes PM and
    1) fails to deliver on promises made,
    2) fails to change the direction of Barbados,
    3) just collects frequent flier miles,
    4) tries o get his picture in every magazine,
    5) tries to be nominated for every meaningless shit,
    6) tries to get three terms by shortening one of the terms
    7) tries to pad his resume for a UN post whilst he is in the PM’s office
    8) embraces any of the financial gangsters that he criticized for years
    9) engage in any vaccine like skullduggery
    then I will be all over him like white on rice.

    Ronnie O, the support is true
    But it all depends on what you do

  42. Pacha…saw the story on the disappeared Libya uranium. Somebody got stock…lol

    Fake and fraud-it are the operative words, openly LYING to the public while everything collapses around them, and yet to be called out on that dangerous and deadly lie….that can kill tens of thousands…

  43. I gotta go,
    but before I do gotta know

    What became of Barbados uranium deposits?
    They were right there by the oil deposits.

    (I cannot help being an idiot)
    Father forgive me, for I know what i do.

    Have a great day Barbados.
    Wishing the leaders of Barbados the very best.
    My the Good Lord influence their decisions
    Have a great Day Barbados

  44. “Barbadians are tired of the politics. Like elsewhere there is increasing apathy and cynicism.”

    @ David

    I agree.

    And, what also disappoints me, is the fact that politicains are more interested in assisting young people…… more so ‘young girls.’

    A young girl could recieve a house from NHC, RDC or UDC ‘quicker’ than a senior citizen could have his/her house repaired by one of those state-owned agencies.

    Senior citizens are deregarded by politicians, but become valuable to them only at ‘voting time.’

    Remember, for example, Mottley ceased payment of the NAB pensions, WITHOUT PRIOR NOTICE, to a ‘handful’ of senior citizens who were receiving such payments for over 17 years and whose living standards would’ve been based on their income.

    On another note……

    It seems as though every thread you present to this forum for discussion, is used to either continue the same irrelevant ‘conversations’ that were started on previous threads, repeat the same rhetoric with monotonous regularity or push some narrow, selfish agenda.

    Yet, undaunted, you continue to host BU.

    I am forced to agree with your mate Bush Tea.

    Surely you are a man of immense patience, tolerance and perseverance.

    ‘Keep up the good work.’

    • “We are at the bottom of the pile for economic development, our tourism is not growing, there have been no growth measures in this budget and yet, we had hours of the Prime Minister talking as usual but saying nothing as usual,”

      **Just what I thought. She talks loud and long and don’t say much. But her speech carries so much energy, you would believe she is saying something.”

      That’s the popular sentiment…for the people’s good, they should listen…people are openly stating with utter DISGUST far and wide., dem like to hear demself too much while saying absolutely nothing for hours on end…that never materializes into anything helpful or progressive for the majority who voted..let’s see if the advice will be heeded. Slick talk cant buy bread or milk. Wont hold my breath though….some get addicted to the sound of their own voice.

      There are limits to what those who actually have a sliver of intelligence can take. ..i have no more patience for any of it….none. The people should know what they gotta do. I already did..

    • @Artax

      Our inherited system of government is predicated on public spirited people offering themselves to selflessly serve people.

    • He says neither B nor D, and since I don’t really care, I take him at his word?

  45. Never asked whether or not you “don’t really care.”

    I simply responded to the ‘label’ you attached to him, which is clearly indicated when you asked, “Either you are wearing blue and yellow or you are not very demanding?”

  46. A sign of our times

    Credit Swisse needs 54 billion to save it.

    Earlier this week they called the Saudis for help. They said a flat no without even entertaining their proposal.

    The degenerative West expects to sanction everybody they don’t like, even their allies, steal billions held in their banks, steal gold from Venezuela, uranium from Libya, oil and grain from Syria, to name a few.

    And assholes here cannot be dissabused that the Devil and Satan are one.

    A few days later the Saudis announced that they will invest many tens of billions into Iran. Their up until recently arch enemy.

    If this is not a sign of the times, what is?

    Signs and wonders we hear the congregación with a rejoinder!!!!!!!!!

    • Earlier this week they called the Saudis for help. They said a flat no without even entertaining their proposal….
      Well somebody lied?

      Chairman Ammar Al Khudairy of Saudi National Bank on CNBC this a.m.
      “There has been no discussions with Credit Suisse about providing assistance,” he said.

      “I don’t know where the word ‘assistance’ came from, there has been no discussions whatsoever since October,” he said.
      He reiterated that the bank will not take its stake beyond the current 9.9%.
      The message has not changed, it’s the same since October,” he said. “Even if we desired to, there are too many complications from a regulatory and compliance point of view,” he said.

  47. “A few days later the Saudis announced that they will invest many tens of billions into Iran. Their up until recently arch enemy.”

    Nuff signs and wonders…saw the one just days ago where Iran wants to be a banking partner with Afrika…am like WHAT???

  48. @ David

    ‘Sounds good on paper.’

    But, the ‘million dollar question’ is, “selfishly serve” WHOM?

    An unemployed acquaintance told me she visted her constituency representative, Sandra Husbands, to seek assistance.

    According to her, Husbands was more interested in if the lady was registered at her (Husband’s) constituency office.

    The lady has an appropriate answer for Husbands when she comes around to solicit votes.

    This is third example I presented to this forum to highlight the disregard politicians have for citizens.

    Recall, Neil Rowe telling a constituent that ‘government’ is not hiring ‘OLD people.’
    Now he is battling a charge for allegedly raping a YOUNG girl.


    And, Corey Lane??

    • I really don’t care?
      Should I assume because you slammed MAM on the NAB cut (that now nearly as many times as I slammed the NIS?), or Husbands or NR, that you are anti B?
      As I said, I don’t care.
      You generally have specifics with your comments, which carries more weight than the persons involved.

  49. “Barbadians are tired of the politics. Like elsewhere there is increasing apathy and cynicism.”

    As the youths would say “Politics are for nerds and ❏ ❐ ❑s”
    but the same youths protest hard against issues irregardless of political parties

  50. Two items
    “Is this the supposed shadow government leader implying that ONLY NOW his economic team realizes his country has been soaked with THIRTY new taxes!!!”

    Ronnie O can speak for himself, but I can imagine in preparing his response, the Great Ronnie O said.. “Every citizen knows we are overburden with new taxes, but we need an exact number. Saying that we have a large number or ’nuff’ new taxes will not crystallise the problem in the minds of Bajan”.

    2) I am sorely disappointed that some would try to attach colors or the side of a fence to obvious truths. Note, that I will not try to label/color the concerns that some have for the elderly but I will vigorously support them in their call for fair treatment of the elderly.

    I will continue to believe that his contributions are “stellar and cannot be refuted and will continue to grade him as an A+ contributor

    Are you sleeping well my friend? Do you see this as a buying opportunity or are you still depositing funds under the bed? Have a great day.

    • Sleeping well thanks. NO exposure to US banks, and think the Cdn banks are safe.

  51. “Barbadians are tired of the politics”.
    What else is there to hold Babadians’ interest?
    My friend, there is only one game in town. Don’t just lean on the arms of Mia.

    Leaning on the arms of Mia

  52. Off topic
    The PM had responsibility for the Town & Country planning dept.which is under fire for authorizing the building of a wall which will deny Bajans the opportunity to access the Joes river area as they have in the past. So what does the PM do? she turns over ministerial responsibility to Duguid saying she doesn’t have time for the day to day responsibility for that dept.,she has now realized this after five years and Bajans are supposed to swallow that excuse. Yesterday I caught a bit of the budget response and heard the patsy Duguid crowing that he is the first non PM to have responsibility for that dept.

    Don’t stop the Carnival

  53. “My friend, there is only one game in town.”
    Ketch A Fire
    Tishen Politician
    There is only one scam left in Town
    Politician on the Money Money Riddim
    A Killer King Tubby Dub Plate Stylee

  54. Crop-over round the corner…all that’s left is the dancing…lol

  55. Pacha…dont know why they would look for bailout money from the Saudis or anyone else when they have money to help them at home….too love to parasite off other people..

    “Swiss National Bank Swoops to Save Credit Suisse with $50bn Lifeline

    Zurich-based Credit Suisse saw shares plummet nearly 30%, prompting an emergency loan of $53.68 billion to be given by the country’s National Bank.”

  56. Here I am rushing to the defense of Mia.

    Mia has made it abundantly clear that all ‘big works’ must come through her.
    And here you all are talking about a cheap wall. How on earth could you think a little 2×3 wall can be described ad big works. This small work was correctly delegated to a small man Minister Duguid.

    It’s small works; a small wall, small beach and just small nation will be decided access to the beach.

    Mia, spot on. You go girl.

  57. @ Northern

    Wait there was no change to anything so what you want we comment bout? I heard grand plans about all kind of things going forward, but i mean I had also been told few years back that Four Seasons was starting next month and the one in Bay Street was soon breaking ground, so i dont get involved in the dreams and hopes department. I mean it sound sweet dont get me wrong but i like facts more than fiction.

    Northern I fell sleep so what was the outcome of the NIS restructuring and refinancing by the state. I mean them right off a billion of WE money so what she say there? They putting in $80million a year for the next 10 years then? I sorry i could not stand wake to hear the plan there.

    Anyhow I hear the feelgood part and the fact that there will be no new taxes and ting, in other words business as usual, but i miss the ACTUAL budget with the numbers. Northern you could share that part with me please ? In other words Northern how the company known as BIM performing. What the balance sheet and P&L look like? I fall sleep and miss all that part it seems.

  58. Just saw a video clip warning people to believe NOTHING coming out of the parliament.

    Ah take it they told one TOO MANY lies and the people had enuff…..but look what it took….look at the price paid..

    Bushman….the longest day has an end.

  59. Pacha…they claim they found it..

    “Libya uranium: Missing barrels recovered, say eastern forces
    By Robert Plummer
    BBC News
    16 March 2023, 16:01 GMT
    Updated 2 hours ago

    Video caption,
    Video shows an official inspecting drums said to contain uranium ore

    Armed forces in eastern Libya say they have found about two and a half tonnes of uranium ore that were reported missing by the International Atomic Energy Agency.

    Ten drums containing the ore were found near the border with Chad, said the head of the forces’ media unit.

    The IAEA said it was “actively working to verify” media reports.

    The agency sounded the alarm after a visit by its inspectors earlier this week to the undisclosed site.

    The area was not in government-controlled territory.”

  60. Waru
    The IAEA, the UN and ALL socalled international agencies, NGOs, are captives of Washington.

    There is no international law, no independence of the socalled international frameworks, no sovereignty of socalled independent states, which empire recognizes.

    Anybody otherwise minded is an idiot! Its America which for example gave Barbados its independence by running the British out. So too 80 or 90 countries. Why would they have to respect them or the European states for that matter.

    Any truly independent state like Iran, Russia, Haiti, Venezuela, Cuba, Syria will have, of necessity, problems with the racist American empire.

    Saw that convenient report and so thought. How convenient! Especially when Russia supplies, and still supplies, most uranium products to the world. Its like the Israeli 400 nuclear weapons which have no presence in critical discourses. That uranium could disappear and appear because empire wants that. An empire which broke all the socalled rules so that Zionists can kill Arabs en masse.

  61. @ David

    I want to know bout the plan to address these issues. What is missing here is details in terms of application of the items in the budget. Plus remember there will be a cost of implementation and we have yet to hear what that is and how this budget will be financed.

    As Corporate Barbados has said today we want details.

    • @John A

      Mottley: Details on path to growth in Budget

      Questioned by opposition voices for examples of growth and asked by the private sector for details about how measures in her Budget will work, Prime Minister Mia Amor Mottley last night sought to clear the air on both.
      In wrapping up the 2023 Financial Statement and Budgetary Proposals in the House of Assembly, Mottley said she thought they were both there to see but decided to elaborate.
      “We laid the BERT 2.0 (Barbados Economic Recovery and Transformation) programme last year and said growth is at the centre of it. This budget speaks to it. Some said we haven’t given enough details, but let’s be real. This Budget does not stand in splendid isolation from everything else the Government has done.”
      She said that as part of BERT 2.0 they had structured seven pillars of growth, and the Budget was a clear continuation of those policies. Mottley said an increase in the country’s fleet of electric buses, training for over 1 000 temporary workers, a loan facility for public service vehicle
      operators to engage Fund Access, a tissue laboratory, and an environmental fund all could help trigger growth in the Barbadian economy.
      She also spoke of increased housing opportunities for Barbadians.
      “Anyone going down Lancaster or to Chancery Lane and Whitepark Road can see the houses being built. Yet I hear we aren’t doing anything for Bajans,” she said while referencing criticism previously levelled by the president of the Democratic Labour Party, Dr Ronnie Yearwood.
      “The skills and training development we have created is also there for all to see. I defy anyone to show anywhere else in the Caribbean where people who were laid off have a government hold their hands to carry them into an activity so they could eventually support themselves while they try to find a job,” she contended. “We’ve carried along 3 000 Barbadians.”
      According to the Prime Minister, access to finance is the oxygen of growth, and the establishment
      of a United Trust Corporation in the Budget puts Barbadian agencies in a position to build out the business, another form of growth.
      “We also reduced fees for regional travel and put more money into the Barbados Tourism Marketing Inc. We may be three years late in getting some things done, but I say better late than never.”
      Mottley also referenced the capital works projects which will see hotel developments for Royalton, Hyatt, a new Geriatric Hospital, dorm construction for the Barbados Youth Corps and development of the Newton Industrial Park as programmes that will fuel growth through the employment of thousands of workers.
      “This was a Budget for Bajans,” she added, while also taking the time to mention two salary increases for public servants, as well as a $1 500 lump sum payment. (BA)

    • Straughn outlines SOEs reform plan

      Government should realise at least a 20 per cent reduction in transfers and subsidies when the reform of state-owned enterprises (SOEs) is complete.
      This was revealed by Minister in the Ministry of Finance Ryan Straughn, who was a panellist yesterday on the Barbados Chamber of Commerce and Industry’s post-Budget discussion at the Lloyd Erskine Sandiford Centre.
      “It is our estimation that between April and September this year we will begin to see the necessary adjustment and we would expect to see a 20 to 25 per cent reduction in transfers and subsidies. So this is something that we will be pushing for over the next few months,” he said.
      Pressed on the Budget’s absence of details on the reform of SOEs, which is a critical component of the Barbados Economic Recovery and Transformation (BERT II) programme, Straughn explained that Government was balancing cost cutting and the ability of these entities to effectively provide services. He therefore cautioned that the exercise, though critical to the country’s economic prospects, must go through the proper process.
      “We are in consultation with unions in relation to what needs to be done to be able to enfranchise some people where appropriate, and to introduce specific reforms in some stateowned enterprises so that the services are delivered to the public,” Straughn pointed out.
      Prime Minister Mia Amor Mottley’s delivery of the 2023 Financial Statement and Budgetary Proposals on Tuesday has seen a number of queries about the lack of details relating to the growth plan and reform of SOEs.
      Professor of Finance at the University of the West Indies Cave Hill, Justin Robinson, who was a member of yesterday’s panel, said: “I was expecting some details on the reforms of the stateowned enterprises, which was a central feature of the Barbados Economic Recovery and Transformation programme. In many ways those details were sadly lacking. We are not really significantly wiser about how that will play out.”
      Chairman of the Barbados Private Sector Association Trisha Tannis said the private sector was lacking the granular facts regarding Government’s vision for a diversified economy, in which the sector is expected to double its investment from $1 billion to $2 billion. She also echoed the calls for details on the reform of SOEs.
      “We need to drill down on the details and if Tuesday was not the time to do that, then I think
      we have to run very quickly to the time that we have to do that. This is because we need the investment capacity now, we need the growth now. Our debt service, though not uncomfortable, is climbing and there is the feeling that time is not on our side. Tell us how we are going to save the close to half of a billion dollars in fiscal leakage from stateowned enterprises that we so desperately need,” Tannis said.
      Similar concerns were raised earlier by general secretary of the National Union of Public Workers Richard Green, who said there was some indication that job losses were on the horizon.
      “The Budget did not provide any specificities about the reform of those SOEs. Moving forward, it would be interesting from our end to see how that goes. Obviously, there is an indication in this Budget that there is high likelihood of some retrenchment in the SOEs. So there is more in this Budget that we need to see coming out within the new financial year,” Green said.
      However, Straughn pointed out that apart from the unions, Government placed priority on ensuring that the public is kept in the loop every step of the process.
      “At the end of it, whatever is determined for an individual SOE, there still has to be some level of consultation, not just with the unions, but with the public. You would recall that when we came into office, we conducted surveys and people gave their input on those things they considered essential. We have been very consistent in the manner in which we address that,” he said.

      Source: Nation

    • Barbados appears to be attracting a lot of cruise ship activity, could it be giveback by the cruise industry because of Barbados’ welcomning stance during the pandemic?

    • So we will just pretend the permanent damage to the reef was the cost of doing business. For a country begging for green and blue economy funding the lack of an assessment of the damage to the reef is shameful. But alas beggars have no shame

  62. I never followed up on how these agencies are structured so did not understand the dynamics, it’s only now they have become so visible, the roles they play are becoming clearer.

    • @David, oh noooo!

      This is a big slide along the continued very slippery slope of the new type of colonization and giving up the last of the crown jewels…

      Lots of the pretty talk about employee share options but when these large tracts of Bajan land are sold off or leased off we will be truly screwed!

      How can these guys make sugar profitable (on our limited scales) based on the long history of major concessions and market upheavals … this is a big foot fancy move that will be to our detriment.

      I’ll not even touch on the fact that such a major ‘distillation’ of this ‘crack liquor’ is being done in the back rooms!

  63. Pacha…something is happening, there is movement.

    “US regulator expects bids for SVB and Signature Bank by tomorrow

    The US Federal Deposit Insurance Corporation (FDIC) has asked banks interested in acquiring failed lenders Silicon Valley Bank (SVB) and Signature Bank to submit bids by March 17, Reuters reported.

    This is the FDIC’s second attempt to sell SVB after a failed effort on Sunday. Among the institutions that studied but decided against an offer during last weekend’s auction for SVB were PNC Financial Services and Royal Bank of Canada.

    As for crypto-friendly Signature Bank, any possible buyer would have to agree to give up all the crypto business at the bank, according to sources.

    The FDIC is seeking to sell both SVB and Signature in their entirety, while offers for parts of the banks could be considered if whole company sales do not go through.”

    • Waru
      Yes, there are always sharks in bloodied waters.

      Crypto is only a small to moderate proportion it seems.Think it was SVB which has long been trying to get it off its books.

      However, again the medicine, a takeover, maybe worse than the disease.

      We’re dealing with two main factors. One, regional banks verses national banks. Two, the four biggest national banks have collectively 650 TRILLION dollars in derivative exposures. These are the ones most likely to gobble them up. Meaning JP Morgan, et al

      To put this in context that’s about seven times the GDP of the entire world.

      Until real solutions deal with this underlying problem, and others. All shadow dancing!

  64. I was aware of FDIC as the watch dog and guardian for banking rules and regulations, because of experience in the private banking sector….but that was it, now i know they have a much wider reach..

  65. “How can these guys make sugar profitable (on our limited scales) based on the long history of major concessions and market upheavals … this is a big foot fancy move that will be to our detriment.”

    When the choir starts to sing off-key then we know we are in trouble.

  66. TheOGazerts on March 16, 2023 at 7:57 PM said:
    Rate This

    “How can these guys make sugar profitable (on our limited scales) based on the long history of major concessions and market upheavals … this is a big foot fancy move that will be to our detriment.”

    When the choir starts to sing off-key then we know we are in trouble.


    Here are numbers from Peter Webster!!


    This is good too, looks like he got his graph from me!!


    “The International Society of Sugar Cane Technologists stated in 2008 that the smallest financially viable sugar industry in the world was 12, 000 hectares or 30, 000 acres. Yet some in Barbados expect to have a financially viable sugar industry in Barbados with less than one quarter of the size needed to achieve the required economies of scale for financial viability.

    The reality is that the Barbados sugar industry currently being managed by the Government of Barbados, is producing less than 8, 000 tons of sugar annually at $4, 000 per ton and selling it at the market price of $2, 000 per ton – financial folly! At the same time, it is selling its molasses to the favoured rum industry at almost $100 per ton, less than the imported price. The Government has been able to do this simply by subsidizing the sugar industry’s losses using taxpayer’s money that is also needed elsewhere. So what magic wand does the private sector have that would change all of this?

    Has the Government rescinded all the legislation that gave it control over the industry and allowed it to dictate wages and tax the industry to bankruptcy? Where is all the capital to come from to revitalize this industry? And why would anyone in their right mind invest hard-earned savings/capital in such a risky, loss-making venture without the prerequisite assurances?

    Round and round we go…”

  67. If they are scrounging to find land to put the Geriatric Hospital, you know all this talk about sugar is pie in the sky!!

    • Well it’s pie in the sky for the average Joe Clarke or Millicent Brathwaite Bajan but a wonderful long term windfall for the selected pols and legal and financial elites!

      Different but not grossly dissimilar to how you and your family eventually cashed-out on that land matter: get hold of the land and in the end you get hold of it’s worth!

      Absolutely awesome when you are an insider!

  68. My grandfather bought his first plantation in 1939, just before WWII started when economic conditions were extremely bad in Barbados.

    Ask Simple!!

    He benefitted from the rise in sugar prices and demand for the commodity.

    What inside track could he have possibly had to lead him to gambling on the purchase of a plantation?

    It was heavily mortgaged.

    Because prices were high and demand insatiable, he reinvested profits in mechanisation, increased output and by 1958, with his wife and seven children owned 1,133 acres of land in Barbados entirely mortgage free.

    They formed a limited liability company to limit their liability given the loans they had taken out to purchase tractors and equipment to move the cane from field to factory and cultivate.

    Several other Barbadian families did likewise, eg the Chandlers at Portland/Alleynedale and Todds Lemon Arbour, the Wards at Newton, Staple Grove and with the Simpsons at Thickett, Robinsons at Constant, Arthurs at Yorkshire, Evelyns at Wotton etc. etc. etc.

    What the politicians are dreaming of actually did happen in the 1940’s and 50’s, the private sector invested heavily in sugar, increased wages and made more jobs available. The reason that happened was because the politicians were not around back then to destroy and steal. All they can do is dream.

    For you to understand why it is unlikely to happen again you only need to look at the picture of Barbados taken from the KLM plane to understand there is insufficient land to meet the 30K acres for there to be a critical mass to ensure viability.

    All you have to do to understand how we got to this stage is to read Peter Webster!!

    “Forty years ago, a Caribbean political leader challenged the private sector to invest more in their country and, after a few months, complained bitterly that the “private sector” had not responded. This in a country where the private sector had been battered for years, almost to extinction, by socialist policies that had depleted its capital and without capital there is no private sector.”

    Hosea 8:7
    King James Version
    7 For they have sown the wind, and they shall reap the whirlwind: it hath no stalk; the bud shall yield no meal: if so be it yield, the strangers shall swallow it up.

    Strangers have swallowed it up!!

    Until the 40’s to the 60’s sugar had never played a pivotal role in economic output of Barbados.

    It was the use of Sugar Cane as a cover crop that made it possible to produce the other agricultural produce to reprovision ships that allowed trade to become a pivotal factor of our economy.

    • Banks back in bonds
      By Colville Mounsey

      Some banks are back buying bonds.
      Chairman of the Barbados Private Sector Association Trisha Tannis disclosed yesterday that based on recent discussions with the banking sector, a number of executives are once again keen on investing in Government instruments.
      She said it means that Government’s partial reliance on the domestic capital market to bridge the near $1 billion deficit gap for the 2023 to 2024 financial year is likely to be realised.
      This is now five years since the banks took a substantial haircut in 2018 in Government’s debt restructuring exercise.
      Tannis’ outlook was supported by managing director and chief executive officer of Republic Bank, Anthony Clerk, as well as managing director of CIBC FirstCaribbean International Bank for Barbados and the Eastern Caribbean, Donna Wellington. It was revealed that these two major players in the banking sector have now set their sights on the acquisition of Barbados Optional Savings Scheme (BOSS) Plus bonds.
      “We are very happy by the attempt to reintroduce confidence in our local capital markets and that is a signal that we cannot underscore. It is my understanding that the local domestic players will be coming back to the table,” Tannis said.
      “The commercial banks took quite a bit of beating but they are signalling that they will be returning to the domestic capital market in a very significant
      way, and that is a major signal after the debt restructuring of 2018.”
      Back in 2018, commercial banks reported millions of dollars in credit losses as a result of the domestic debt exchange. The Trinidad and Tobagoowned Republic Bank (Barbados) Limited was one of those most impacted by the debt restructuring. It reported then that when the financial year ended on September 30, 2018, the group had about $194.4 million in “expected credit losses” related to the Barbados subsidiary.
      FirstCaribbean, which had about $1 billion in Government loans and investments on its books before the domestic debt exchange, reported a $318 million profit for that year ending October 31, 2018. However, it was reported that these results were affected by several items, including $176 million of incremental provision for credit losses as a result of the Government’s debt restructuring.
      Clerk, who is also the president of the Barbados Bankers’ Association, told the Weekend Nation his bank bought a substantial amount of BOSS Plus bonds last month and earlier this month.
      Growth mode
      While he declined to disclose the amount invested, he said it was substantial.
      “I can speak for Republic Bank, and I can tell you that we have made an investment in the BOSS Plus bonds and we are back in the domestic capital market as it relates to the Government bonds . . . . A few years have passed since the debt restructuring and we feel that the Government is doing all that they can to resuscitate the economy. It has brought the economy through COVID-19
      quite successfully and Barbados is back in a growth mode again,” Clerk said.
      Last September, the Central Bank opened the bonds to the public. The issue will be for a nominal sum of $200 million at par with a fixed interest rate of 4.5 per cent per annum payable on February 28 and August 31 of each year. The bonds may be redeemed at par by the bond-holder 24 months after the date of first issue. It has also been legislated that the bonds cannot be subject to any debt restructuring.
      “We think that there are a lot of opportunities that the Government is trying to create. So we are confident in the Barbados economy at this time. We have more appetite for Government paper . . . . We just made a large investment and as the Government issues these bonds on an annual basis, we will review where we are, based on how the economy is performing,” Clerk added.
      Wellington said FirstCaribbean has also signalled its interest in a return to the domestic capital market.
      “We note Government’s efforts to restore confidence in the domestic market and I am hoping that it does work. We hope that folks understand that for banks to go back to the capital market when we were the ones hit the hardest, shows that we believe Barbados is moving forward. We want to support the initiative at the structure of the BOSS Plus bonds, which is an instrument that has good features on it, so this is the instrument that we are comfortable with at this time,” she said.

      Source: Nation

    • @Artax

      Ex-LIAT workers to get $75 000 in cash

      Barbadian former employees of LIAT finally have something to smile about.
      Prime Minister Mia Amor Mottley informed the country last night that severance payments for around 89 former workers of the collapsed regional airline can finally be made by her Government.
      In her hour-long wrap-up to the 2023 Financial Statement And Budgetary Proposals in the House of Assembly, she said each former worker will get $75 000 owed to them in severance. For those owed more, the remainder will be facilitated via Government bonds.
      “This is a Government that sees people, feels people and hears people,” she said to loud applause.
      The Prime Minister said the entire debacle involving LIAT had caused her “many sleepless nights” but she felt a sense of a relief now there was financial capacity within Government’s coffers to help the former airline workers.
      “The Government of Barbados will take responsibility for all the Barbadian workers of LIAT,” she stressed.
      Mottley said the Director of Finance was out of the country on business but as soon as he returns next week, meetings will be held with the workers’ representatives to get the payments process under way.
      She revealed that the severance payments will amount to just over $4.07 million, while the bonds
      will value just under $6 million.
      Two years ago, Mottley’s administration offered a helping hand to the displaced Barbadian workers after an hour-and-a-half-long Zoom meeting with dozens of them who had been waiting for well over a year for entitlements from the regional carrier.
      Those workers were each provided a one-off gift of $2 000 by Central Government, giving local authorities time to put other measures in place that would offer further relief over a much longer period.
      All former Barbadian LIAT employees who were based here, paid contributions into the local National Insurance Scheme (NIS) and were therefore entitled to severance, also benefited from expedited hearings by the NIS Tribunal.
      Deadline for plan
      On July 24, 2020, the government of Antigua and Barbuda, the largest shareholder in the airline, secured an order for the administration of LIAT and named Cleveland Seaforth as administrator of the company. Seaforth was given a 120-day deadline to devise a restructuring plan and present it to the Eastern Caribbean Supreme Court.
      LIAT (1974) Ltd., also known as Leeward Islands Air Transport Services, is headquartered in Antigua. It operated high-frequency inter-island scheduled services to 15 destinations in the Caribbean. The airline’s main base was
      V.C. Bird International Airport in Antigua, with a secondary base at Grantley Adams International Airport.
      On June 27, 2020, Antigua’s Prime Minister Gaston Browne had announced that LIAT would be liquidated following increased debt and the economic impact of the COVID-19 pandemic. The airline was to be reformed into a new entity, LIAT (2020), which would continue to provide connections between the Caribbean islands. (BA)

      Source: Nation

  69. We are soon entering the fifth IMF programme.I am already forecasting the sixth and seventh for 2028 and 2033.

    You all need to realise that slavery never ended in Barbados. Self-determination of the people is an illusion. Our society is built on the quicksand of an uncontrollable national debt. The fences of the old plantations no longer exist. They have been replaced by gated communities, where the real rulers live behind new fences, invisible to you, but controlling everything and everyone.

    Currency devaluation is inevitable sooner or later.

    Tron, year 5 SL, year 2 NR

  70. “You all need to realise that slavery never ended in Barbados. Self-determination of the people is an illusion.”

    Tron…is that really you?

  71. Hosea 8:7
    King James Version
    7 For they have sown the wind, and they shall reap the whirlwind: it hath no stalk; the bud shall yield no meal: if so be it yield, the strangers shall swallow it up.

    Strangers have swallowed it up!!


  72. Tron on March 17, 2023 at 12:39 AM said:
    Rate This

    You all need to realise that slavery never ended in Barbados. Self-determination of the people is an illusion. Our society is built on the quicksand of an uncontrollable national debt. The fences of the old plantations no longer exist. They have been replaced by gated communities, where the real rulers live behind new fences, invisible to you, but controlling everything and everyone.


    Between 1680 and 1817 the population of slaves doubled!!

    Clearly one type of erection that did not exist in the days of slavery was the fence!!

    Today however, the fence would seem to be the only erection in Barbados as we watch its population level off and soon fall.

  73. David

    On February 2, 2023, Minister of People Empowerment and Elder Affairs, Kirk Humphrey, disclosed ‘government’s’ plans to amalgamate all departments providing social services in Barbados, including the Child Care Board, National Assistance Board, National Disabilities Unit and Welfare Department to form the ‘Department of Family Services.’

    Although he did not mentioned anything about Rural Development Commission and Urban Development Commission, both SOEs also provide social services as well.
    Assuming RDC and UDC are included in the amalgamation, then, it would six (6) government agencies slated for reform.

    Each agency has its own organisational structure. Obviously, there wouldn’t be a need for six (6) heads and assistant heads of departments, accountants or assistant accountants.
    Additionally, although I believe Welfare Officers may not be affected, some support staff, such as Senior Clerks, Clerical Officers, Secretaries, Clerk Typists, Receptionists, Driver/Messengers, Maids etc, at each agency, will come under scrutiny.

    The Welfare Department is not a SOE. Assuming the Department of Family Services will be a statutory corporation, a situation may occur, for example, similarly to what occurred when the QEH transitioned from Central Government to a ‘Board,’ whereby employees who opted not to remain with the hospital, were either transferred to other government departments or paid a monthly salary for a predetermined amount of time.

    I suggest those individuals who are qualified in accounting, could be given an option to transfer to the Auditor General’s Office, after undertaking the required training.

    • @Artax

      The prime minister/Straughn mentioned packages. There was no mention of facilitating transfers or soft landing options other than severance. Should the union be leading this conversation with government?

    • That is aggressive Artax in light of what Toni Moore has been messaging the public. Then again, we understand how these things go.

  74. “You all need to realise that slavery never ended in Barbados.”

    You all need to realise that slavery never ended inside each individual Bajan mind body and soul

    It is embedded inside their DNA and psyche

    the only cure is to dance away the heartache

    sometimes I think I am too deep for you all of y’all

  75. John on March 17, 2023 at 12:06 AM said:
    Rate This

    Several other Barbadian families did likewise, eg the Chandlers at Portland/Alleynedale and Todds Lemon Arbour, the Wards at Newton, Staple Grove and with the Simpsons at Thickett, Robinsons at Constant, Arthurs at Yorkshire, Evelyns at Wotton etc. etc. etc.


    The Thorne Family was another family active and investing heavily in sugar in the 20’s and 30’s when economic activity was at a low ebb. That family owned over 2,000 acres (8 plantations if memory serves me right) in St. James and operated Sandy Lane Sugar Factory.

    They were financed by Dacostas, one of the Big 6 families at the time. Sugar prices were low and Dacostas foreclosed which meant an up and coming private enterprise, BS&T got the assets. Sandy Lane was replaced by Porters Sugar Factory and of course there was Warrens Cooperative Sugar Factory in which my Grand father had shares.

    In the late 50’s BS&T used these assets to diversify into tourism … Sandy Lane Hotel, Sunset Crest etc etc.

    Vaucluse was also nearby and was served by plantations many of which were owned by the Mahon family. In St. Lucy there was the Ward family that operated Fairfield Sugar Factory.

    These are some of the families that would have invested in sugar when the investment climate favoured investing, before independence. That climate was destroyed by our politicians and national heroes.

    While it existed, those families provided a booming economy based on sugar and the natural resources of Barbados.

    Eventually BS&T got swallowed up!!

    Here is the problem. Not a single politician can point to any long term economic activity they have successfully pioneered.

    They have orchestrated the theft of capital invested in the economy by generations of Barbadian families looking to earn a living and benefit others by the economic activity they generated.

    The workers who supported the activities of these families have watched as their labour was stolen by the same people they voted to elect to represent them.

    The result is strangers have swallowed up Barbados as those families and their workers have disappeared from the scene.

    The Bible is pretty good at describing how to live and work together and what happens when its basic principles are flouted.

  76. @anyone
    I have seen this United Trust corporation mentioned a few times. What is it?
    T&T have a similarly named entity, are they related?

  77. Unit Trust… Is there a relationship between the two or like it like every island having a “Tourism Board”

    • TheO
      My phone pulled one of those autocorrects..albeit correctly it seems.
      While the above article states
      “and the establishment
      of a United Trust Corporation in the Budget puts Barbadian agencies in a position to build out the business, another form of growth.”
      I think elsewhere I have seen the term Unit Trust, and that was the term I had intended to use. Mutual Fund?

  78. @ John Boy Knox
    You got to realise that your family thrived on the exploitation of human manual labour of those who toiled in the fields and sugar cane mills for a barely liveable wage, and they adopted the same slavery and colonial business model that was the legacy of the worst crimes to mankind.
    Humanity was not humane and still isn’t.
    You have stated that slave workers and their families were happy and well looked after, but that was also part of the evil self serving scam of exploitation and pure greed.

  79. @NO
    I have seen this United Trust corporation mentioned a few times. What is it?
    T&T have a similarly named entity, are they related?
    It is the kind of shiite that is done when leaders are bluffing, and when they have no clue about the way forward.

    Can you imagine that Barbados ALREADY has a Cooperative Movement that has been spectacularly successful at raising funds over the past decades -with billions of dollars in savings…?
    Their problem is that, try as they have, politicians have not yet figured how to access those savings….for their usual splurging..
    The challenge is the TOTAL transparency of cooperatives…. and men like Caswell… LOL

    What the politicians HAVE DONE however, is to pass some shiite LAWS that PREVENT the credit unions from investing those funds in any OTHER shiite, BESIDES government bonds – or in the foreign banks. for the albino vultures’ convenient access.

    So perhaps the PM can explain the need to START a Unit Trust scam now …. when an extremely SUCCESSFUL credit union group ALREADY exists….

    Madness is doing the same shiite OVER and OVER ..and expecting different results.
    Quos Deus vult perdere prius dementat

    • Bushie
      I confuses easily.
      A “trust” by definition is not incorporated. It is a Trust. In Canada they are known as Income Trust’s, and Unit Trust’s have different meanings in different countries.
      Hence “United TRUST Corporation” is an interesting animal.
      My fear whenever pols toss out a name without specifics, is next we’ll hear the UTC is replacing the NIS. And when people say I didn’t know that, they’ll be told it was “mentioned several times, in the budget, in the estimates etc”

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