Mia: Bring budget now
MIA MOTTLEY: “We are standing in the middle of the road with an 18-wheeler truck bearing down. ((Picture by Gregory Waldron.))
By Mike King | Thu, July 15, 2010 - 11:36 PM
THIS country cries out for leadership to revive the economy and the time has come for a budget to chart a course for recovery charged Opposition Leader Mia Mottley yesterday.
She was speaking during a Press conference in which she responded to an economic review of the first six months of 2010 from Central Bank Governor, Dr Delisle Worrell.
Stating that little was being done to revive the economy, Mottley said the Government could not pay its bills and the productive sectors – tourism, manufacturing, international business, agriculture – were not earning foreign exchange.
Speaking in the Opposition’s chambers, Mottley said she was disappointed that with the country in dire straits, there was a deafening silence from Government with nothing being heard from Minister of State in the Ministry of Finance, Darcy Boyce and acting Prime Minister Freundel Stuart.
“We are standing in the middle of the road with an 18-wheeler truck bearing down. And the two ministers of finance – Boyce and Stuart – are standing idly by without a word.
“Barbados needs a budget like yesterday. And the budget must set out for the country a short term economic recovery plan while laying the basis for restructuring in the medium term.
“A cut here and a cut there will not help any household or business in this country see their way forward. We need to restructure both Government’s operations and the productive sectors urgently,” she said.
According to Mottley, revenue was down in the first six months of this year by $101 million from what was received at the corresponding period last year.
The Opposition Leader said that for the first time since Independence, Barbados had recorded three successive years of a fiscal current account deficit.
“We would normally as a Government only have to borrow for capital projects but we are now having to borrow to meet our normal commitments (wages and salaries, goods and services)
on a monthly basis.
“This is a serious problem. It’s a serious problem, happening in a household, it’s a serious problem happening at the level of a Government.”
Mottley said the Central Bank report for the first five months, showed that this country had spent $182.3 million more than it earned in revenue.
“Why is this disturbing? Because for all of 2008 when we thought things were bad, they incurred a deficit of $121 million.
Mottley said this was so with the Government claiming it was holding to its medium term fiscal strategy.
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Give me a break lady, when you all were running the country in times of plenty but never saw it fit to put away a thing for a rainy day but gave away money like if it was going out of style to People like 3 S and VECO, you got a lot of long talk.
Grow up and realise you form the opposition nowadays and really not the one calling the shots,the electorate saw to that for you, some may suggest you did not call them when your party was in office before anyway.
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Comment LinkBudget, budget, bring the budget….. and cause the bajan public to go crazy and riot in the streets when they get a full understanding for how dire the situation really is in Barbados?
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Comment LinkWhat budget are you talking about? We have our heads buried in the sands of “spree mentality” we have our Crop-Over festivities to think about, we are having a good time, we don’t notice any hard times ahead.If those in authority are not unduly worried, we aint worried either. God is a Bajan, didn’t you know that? We will scrape by somehow.If you are not an ostrich please pardon the sarcasm.
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Comment LinkI feel a sense of despair about the economy that I have not felt since the days when Sandiford was Prime Minister.
When our Central Bank Governor keeps using words like luck and hope I know things are not right.
What is the Government really doing? And why Mr Stuart feels that it is good enough for him to say what the BLP did and didn’t do about bringing the Budget? That is not why we put the DLP in office.
I am very worried about what is going to happen later on in the year. We are now seeing that what Miss Mottley said from the very beginning was right on. They made a huge mistake coming in and now refusing to take any action. These fellas like they really don’t know what to do when it comes to the economy.
Pray for Barbados too.
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Comment LinkWell I hope it wouldnt come to that, but I’m sure that the public of Barbados would not be happy when they hear what the DLP has to offer. OOOPS did i say offer? These guys don’t have a clue what to tell the people, after all these beautiful promises and the Governor of the Central Bank continues to contradict himself. I’m sorry to say, but I’m one DEM who is hanging my head in shame….. I was misled.
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Comment LinkMs.Mottley says the country has been in deficit for 3 years, the current administration has been there for only 2. Like it or not the opposition has nothing to offer Barbados at this stage. Mottley only want a budget to keep mouth.
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Comment LinkBring the budget asap. Times are hard and people need to see a way forward. In the past when the Budget was presented the economy was in a MUCH better position and the political leadership was stable and the financial atmosphere was balanced with Mr. Arthur on the one hand and the capable Mr. Mascoll
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Comment LinkIt’s a shame neither the BLP or DLP have any vision the same old school economic rhetoric. Why not invest in solar/ renewable energy technology rather than construction. When the world economy rebounds oil prices will soar putting us under pressure again. Instead of construction why not have an export driven stratergy to push our solar heaters sea island cotton,fashion beverages and food products especially in the diaspora there is no reason why a bajan shop selling local products exclusively can not be set up in New York just a few thoughts.
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Comment LinkMs. Mottley is quite correct in calling for Government to respond to the most serious economic crisis that we have faced since the Second World War. There has been an abysmal lack of leadership and lack of understanding of the challenges that we face. The signals that the Government have been sending is that things will return to normal if we just keep our heads down for a while. This is wishfull thinking and does not reflect the reality of the global economic crisis.
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Comment LinkMs. Mottley, the difference between the presentation of Central Bank Governor, Dr Delisle Worrell and your presentation is that former furthers fairness while the latter fosters fear. Quite frankly, given the scenario stated by you, I would rather take my chances with the 18 wheeler than with you leading this country.
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Comment LinkI have been wondering when the budget will be, after all the talk, let’s walk the talk.We need to revive the economy, I have been following the world’s economies and the stocks markets and let me tell you we need action NOW.
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Comment LinkI do not think that the situation in BIM is dire I think that the problem lies in the many excesses that many Barbadians have become accustomed to under the previous government’s unsustainable excesses in revenue for the island - we now demand much more than we need and much more than what we produce or can afford. Similar to the culture we are emulating we will soon find ourselves unable to provide for many of our basic needs and blaming those in power rather than holding ourselves accountable for our own actions.
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Comment LinkThe problem is not only in Barbados, take a look at the other Caribbean countries, take a look at New York, City workers cannot even get paid on their due pay days, what are we going to. It has to get worst before it get any better, if you have a magic wand go ahead and use it.
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Comment LinkI hope that people are not calling for a one party state. This is what opposition parties do the world over. They oppose the government. Ms Mottley you have a duty to speak up and don’t you stop. Tough on all those who cannot handle you. No one is denying that there is a global recession but at the same time the Government must, at least say something. Are they now on auto pilot. Forget about the freebies to even those who can afford to contribute.
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Comment LinkMs Mottley is only going on record and stating what we all know to be true but partisan politics would not let us admit to.
Yes the world’s ecomony is in a recession but other governments are stating what measures they are taking to get back on track. Burying our heads in the sand and playing the waiting game is not the solution and when the proverbial “you know what hits the fan” it will be like what Plastic Bag says in his song…” thinking of wearing a condom after you done get AIDS”....
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Comment LinkBarbadian and cah I agree with both of you 100%
For Ms Mottley to be in control of Barbados we will be heading down the road of pure destruction.
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Comment LinkIdea, why not let the BLP run the economy and the DLP take care of social issues like housing. It’s clear the DLP is better on the soft issues and the BLP is better on the technical issues instead of wondering about partisanship get together and get out of this hole.
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Comment LinkI read some of these comments and I am truly saddened. The gist of what Mottley is saying is that something needs to be done. It wasn’t a matter of purely criticising just because she can. I am overseas and I was wondering why everyone is so silent about the state of Barbados and now I hear Mottley speaking out. I wish Thompson well because he is the only hope on the other side. I truly believe both sides should work together in the interest of all but that’s highly unlikely. Lets not become like some Caribbean neighbours where political affiliation leads to serious social complications. Barbados needs to return to the point of the GEM OF THE CARIBBEAN.
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Comment LinkAll I will say for now is. The whole world is in economic turmoil. Most European countries are basically bankrupt. Most US State can’t pay their workers and bills.
What do Ms.Mottley expect. For the fourteen years they were in power they put all their eyes in two baskets,Tourism and Financial services. Now that the world is in recession, does Ms.Mottley expect the Barbadian economy to be doing any better. I would really like to know what difference a BUDGET at this time will make? I know Ms.Mottley is a good lawyer. I am not sure how well she understand economics.
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Comment LinkIt is very alarming that in the midst of an economic melt down, Barbadians are defending the Government for not bringing a budget. The fact is that we are in one of the worst recessions since the 1930s and therefore the Government needs to take a proactive approach to stimulate the economy. Have you not heard the Central Bank Governor’s report - the economy is not doing too well and therefore there needs to be some stability.
In all fairness to the BLP, there was never an economic situation like this when they were in power and therefore the urgency for a budget was not there. Either way there is nothing by law that says you need to lay a budget, only the Estimates, but the situation is different and the country needs direction.
This is not a game - all other countries are doing things to stablize their economy - contrary to popular belief, God is not a Bajan - that kind of thinking has led Barbadians to accept mediocrity as a way of life.
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