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‘Too much dependence on Govt’

The local private sector is too dependent on Government for financial support, complains Minister of Finance Chris Sinckler, who wants businesses to look for alternate funding.

On the final day of debate on the 2016/2017 Estimates of Expenditure and Revenue in the House of Assembly, Sinckler said: “The way in which our economic and commercial relations have developed over time, by and large a lot of the private entities are really acting as appendages of the Government, because such a large part of what they do is supported from Government’s financial resources.

“We have road builders in Barbados . . . but none  — big, medium, or small  — can really survive without Government’s support in terms of Government work.

“Indeed whenever the Government’s capital works programme for infrastructure development relative to roads has to be downsized, as has been in the case in our period of economic struggles, many of these entities have [had] to retrench or put on three-day rotations large portions of their staff, because there is no work to do, because a substantial amount of the work that they get is from Government,” he added.

Sincker pointed to the relationship between the Transport Board and the United Commercial Autoworks Limited (UCAL) as a perfect example.

He said the relationship between the two entities had become so intertwined, that it was hard to distinguish between the private firm and the public firm.

“The perfect solution in the structuring of our economic relationships, is to downsize this thing we call Government and to shift these operations into what we call the private sector for them to carry on this work that apparently public sector operatives and structures cannot efficiently execute,” the Minister noted. (RB)

3 Responses to ‘Too much dependence on Govt’

  1. BaJan boy March 19, 2016 at 9:43 am

    The same Private sector and tax payers gave him a job and he continues to curse all of them once they don’t agree with him. Wonder when they take it back who he will curse. We have really gone to the dogs as a nation. I wonder if bajans ever take him seriously..

  2. Tony Webster March 19, 2016 at 3:21 pm

    Roadworks: perhaps M.T.W. cud do it better, faster, and of course, cheaper. Yes? No?
    Where, please…or what…is de beef?
    Who, exactly, very recently, and publicly, said that certain people, should either put up…or shut up?

  3. chris hill March 20, 2016 at 7:42 am

    firstly gov should pay their bills to the private sector, the drug suppliers, the contractors, for example. secondly the gov blaming their inability to manage the economy on the grant and loans to the private sector not so when their goods and services have increase steadily over the years. then the tax inflation on the businesses during a period where there is no spending. now the upside is contracts can be given to more party friends, the tax and vat income to gov goes up so DEM got more money to spend (on god knows what). The higher the monkey climb the more you see he tail.


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