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ALL EYES WILL be on Dr David Estwick in the House of Assembly today and his take on Government’s annual Estimates Of Revenue And Expenditure.
To date, the fifth day of debate of the Estimates, the Minister of Agriculture spoke only once, just before ten last night on health care.
Reached last night on whether he intends to speak, Estwick indicated that he would, but not on any matter relating to the economy.
“I have put my case to the Cabinet . . . I have identified the economic diatribe of raising taxes and cutting expenditure when an economy is in recession with the expectation of creating fiscal space – voodoo economics. Fiscal space cannot be created without growth unless you refinance and restructure the debt, given that this represents 62 per cent of revenue which is expected to decline further.