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KEY POINTS: Reply to the 2017 Financial Statement and Budgetary Proposals


KEY POINTS: Reply to the 2017 Financial Statement and Budgetary Proposals

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THE FOLLOWING are some of the key issues addressed by Opposition Leader Mia Mottley in the House of Assembly today in her reply to the 2017 Financial Statement and Budgetary Proposals.

During the three-hour statement, the leader of the Barbados Labour Party (BLP) touched on leadership, the six “failed economic policies” presented by Minister of Finance Chris Sinckler and some of the solutions a BLP government would put in place.

Mottley said the lack of leadership was the fundamental problem affecting Barbados and it was frustrating progress.

She asked where the $481 million in taxes would come from and said budget after budget, people were being asked to make sacrifices.

Mottley said yesterday’s budget was an “effective, defacto devaluation” of the Barbados dollar and would not have the effects the Minister of Finance hopes to achieve.

Mottley said a BLP government would enact legislation to ensure the printing of money to finance government debt did not happen.

They would restore credibility and independence to institutions of government.

They would repeal the Barbados Revenue Authority Act.

They would seek to accelerate the process of applying for and acquiring various licences.

A BLP Government would rethink state enterprises in such a way that ordinary Barbadians would be able to participate in their management and administration.

She said they would pass legislation to reclaim land in Barbados in the way of Pelican Islands and reclaim 20 acres in the Port.

Mottley said one of their goals was for Barbados to become the first fossil fuel free country by 2030.

She also said if a power purchase agreement was signed with Canadian company Deltro, a BLP government would order a forensic audit. (SAT)