Nation e-Edition

Mottley blasts Sinckler’s Budget

PLANNING SESSION: OPPOSITION LEADER Mia Mottley (fourth from left) meeting with her members yesterday immediately after the Budget to plan for today’s reply. (Picture by Lennox Devonish.)

By Maria Bradshaw | Wed, August 14, 2013 - 1:18 AM

A THROW-YOUR-HANDS-up-in-the-air Budget!

That was how Opposition Leader Mia Mottley described yesterday’s Financial Statement and Budgetary Proposals delivered by Minister of Finance Chris Sinckler.

“It is a cut-and-paste Budget with no clear concept as to where we are going or what we will achieve. Bajans will feel pain but, unlike the past, you will not know its severity or to what end,” she told the MIDWEEK NATION during an interview at the Opposition’s office.

Calling it the “most rambling and incoherent Budget speech given in the history of Barbados”, Mottley charged that Sinckler “ad-libbed” almost all of his speech.

“This could not be the Budget intended to correct the problems articulated by the Governor  of the Central Bank on June 27  at the consultation meeting;  nor to address the problems of the steep decline in reserves that the minister told us about at the beginning of his speech –  over 300 million in three months.   

Please read the full story in today’s MIDWEEK NATION, or in the eNATION edition.

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Posted by David Hall 1 year, 2 months ago
Right on Mia my assessment exactly, no specifics on how the problems will be addressed. This is a key feature of this administration.The fact is they simply don't know.

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Posted by David Hall 1 year, 2 months ago
This budget has no specifics as to how anything will be achieved. Only this week government was struggling to implement corrective measures form last years budget.

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Posted by Carl Harper 1 year, 2 months ago
It can be best described as a "spaghetti Budget"; throw it at the wall and hope some sticks...hope something works. This Budget is the most desperate Hail Mary in the history of Barbados politics.

Sinckler delivered the most incoherent and disjointed presentation I have heard over the years of following those speeches in the House.

Once again, the middle class is directly burdened by further taxation. It is almost like you are punished for excelling and being successful. If you are part of the working poor, sitting around idly and making more babies than you can care for, you get a free break because Big Government is there with a protective shield.

For example, whereas the soon to be abolished Greening Levy was applied to employees, the new Solid Waste Tax of 0.7 percent targets landowners non-improved value of land. So you buy a plot of land to avoid depending on Government housing handouts and you are penalized as a though you are a litterbug. Those who own no land and trash the country get a reprieve.

If Chris Sinckler miscalculates how an economy works and the likely fallout from his increased tax measures, here is a clue. People will send home their home helpers and gardeners and tell the Minister of Finance to pay them. Everyone will engage in redistrubtion of their scare resources, and those the government seeks to protect will still be indirectly affected.

Many Barbadians, this morning, must be asking themselves, what is the point in pursuing the Barbadian dream? This Administration that boasts "Barbados is more than an economy; it's a society" should be proud with how it is destroying the dream of every Barbadian who pulled themselves up by the bootstraps to escape poverty.

Today, that slogan is hardly mentioned and they are now grappling with the not-so-important economy. Hence in the Budget, the following terms were repeated ad nauseum: "decline", "deterioration", "deficit", "challenges", "crisis", "less", "if"....cont'd

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Posted by Carl Harper 1 year, 2 months ago
Part 2...
Many school leavers who are bright but lack the financial resources must be wondering if they will ever be able to get a "free" education Sinckler received at UWI, and as envisioned by the founder of the DLP, Errol Barrow. Barrow must be crying shame and rolling in his grave at the mercenaries his Party has become.

When Sinckler wrapped up his presentation by saying that he is putting Barbados first, that is not entirely true. When all and sundry were warning that corrective measures needed to be taken, more than three years ago, to deal with our fiscal crisis and rating agencies were downgrading the country, the DLP denied we had a fiscal problem.

They pressed ahead with a failing Medium-Term Fiscal Strategy and took no action because of the desire to win an upcoming election.

Hear Sinckler: Relative stability "changed significantly from around April this year (just after the General Election) when we began to see a very serious slide in our net international reserves."

It is interesting that all of a sudden - mere two months - after winning the election, Sincker and his government were acknowledging finally that the country is in crisis, forcing many who voted to have them reelected, express regret - too late!

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Posted by En Dee 1 year, 2 months ago
You gotta love politics and politicians! The leader of opposition had to say something and it had to be negative. I tried to remember if I have ever heard a positive comment from an opposition person on a budget. Various members of the business community endorse it but Mottley finds every possible fault with the budget. Let the games begin; we will sit on the sidelines and let the titans fight it out. Nigel D.

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