Triple threat

QEH, BTB, SSA first on chopping block

Prime Minister Freundel Stuart has called for urgent consideration to be given to the future of three key state enterprises.

Amid mounting pressure on his Government to slash its overall deficit, Stuart has ordered that immediate introspection be made of the operations of the loss-making Queen Elizabeth Hospital (QEH), the Barbados Transport Board (BTB) and the Sanitation Service Authority (SSA), which now appear destined for the proverbial official chopping block.

However, it is still too early to say what will be the outcome of the Government-ordered review exercise, even as the local private sector continues to press the Stuart administration to take “decisive action” to address the island’s worrying economic challenges.

Just yesterday, the President of the Barbados Private Sector Association (BPSA) Charles Herbert repeated his warning that “the deficit needs to be closed and there needs to be fiscal reform to ensure a balanced budget in the short term, so that the credit rating can be improved and allow us to refinance foreign debt that becomes due”.

The warning came as the BPSA prepares to update its members on some of its own recommendations to Government.

“The meeting on Friday is for the private sector to tell its members what it has been doing in its advocacy and what the private sector recommendations are on the economy, and to elicit feedback from our members – to give expression to things they may think or know,” Herbert said following a meeting held on Tuesday under the chairmanship of the Prime Minister with select members of the island’s Social Partnership.

Noticeably absent from the table was the National Union of Public Workers (NUPW), which is the island’s largest public sector union. However, sitting with Stuart were General Secretary of the Barbados Workers Union Toni Moore, her predecessor Sir Roy Trotman, and Cedric Murrell, head of the umbrella Congress of Trade Unions and Staff Associations of Barbados (CTUSAB).

BWU General Secretary Toni Moore, Prime Minister Freundel Stuart & NUPW President Akanni McDowall

The tripartite discussions also involved representatives of the island’s private sector, namely President of the Barbados Private Sector Association Charles Herbert, BPSA Chief Executive Officer Anne Reid and the head of the local Bankers Association Donna Wellington.

Stuart’s delegation included Minister of Finance Chris Sinckler, Minister of Labour Dr Esther Byer Suckoo and Minister of State in the Prime Minister’s Office Senator Darcy Boyce, for the meeting called to discuss the proposals for turning around the economy, with the island’s 2-to-1 peg with the US dollar already showing cracks, and an all-out balance of payments crisis now a possibility given that Government’s debt rose above 110 per cent of gross domestic product at the end of last year while international reserves fell to $682 million, the lowest level since 2009.

So far, Government has before it a set of recommendations contained in reports presented by two working groups, which were mandated by Stuart at the last meeting of the Full Social Partnership on March 3 to come up with recommendations on the way forward with respect to the fiscal deficit and the foreign exchange situation.

However, the way is still not clear with the Prime Minister cautioning in a statement released by his office today that notwithstanding the urgency of the island’s economic problems, “it was considered imperative [by those in attendance at Tuesday’s meeting] that the proposals be thoroughly examined and discussed by each Social Partner, prior to action”.

The statement issued by the Barbados Government Information Service (BGIS) further suggested that no corrective action was likely to be taken before the next Budget, which was likely to be presented before the end of May.

“The meeting was informed that the 2017 Financial Statement and Budgetary Proposals were likely to be presented before the end of May and thus that the Social Partners would not wish to pre-empt the 2017 Budget presentation process,” it said, adding that “the Groups were advised that some of the proposals made in the reports would be dealt with in the Budget.”

However, “with the sense of urgency shared by all, it was felt that there were certain issues among the recommendations presented by the working groups which would be not addressed within the Budgetary Proposals,
but on which engagement could start immediately, with a view to early action,” the statement said.

37 Responses to Triple threat

  1. jrsmith April 21, 2017 at 5:24 am

    Mr, priminster ,wouldn’t it be better if you recover the 700 to 800 millions of Bds dollars our bajans tax payers money which is owed to the treasury , by companies making big profits in barbados and shifting the said profits to they off shore tax havens…
    What bajans wants to know how could the government , give a loan to a company for (987,000.00 ) on a Tuesday and on the day after the company declared bankruptcy. (Audit General’s ) report.

    This man just doesn’t know what he is doing, should have listen to the (IMF) years ago,

    Reply
  2. Samantha Best April 21, 2017 at 6:11 am

    I hope for the sake of the country that the Prime Minister’s advisory group includes some economists rather than all those Accountants that have us in this muck and mire

    Reply
  3. jus me April 21, 2017 at 6:42 am

    Man PM listen up, I suspect yuh jus woke.

    It work so.

    Yuh listnin.

    FIRST yuh does operate de brain!!
    Got dat
    SECOND
    Yuh does operate de MOUT

    Reply
  4. Jennifer April 21, 2017 at 6:49 am

    The problem is that our politicians as the HEAD has its own HEAD entangled by the horns like a ram caught in a ticket. HENCE, the 95% people who they are SUPPOSED to be leading also has their HEAD and HORNS caught in the same thicket. This is where it all remains wrong for us as a people. When so called whites are in trouble they will see no other than white to run to for help. And please do not mix up help with USURY. Now when blacks are in trouble they must run to so called whites to bail them out of their hole. Whether it be the IMF, white Jesus, White church, White UN, lets just say white anything. Now that is a very serious PREDICAMENT to find yourself in and CANNOT get yourself out off. Are we some sort of TWIN. Mind you with such a puzzlerised nation as ours still lacking all the basics to call our self a true nation is by no means share wickedness.

    Reply
  5. hcalndre April 21, 2017 at 7:38 am

    Is that team the same failures that have barbados in this hole? What can Captain Stewart get out of these old tired players including himself that have nothlng new to offer after nine years of doing nothing.

    Reply
  6. tsquires April 21, 2017 at 8:40 am

    Amen. Ms. Jennifer you have hit the nail on it’s proverbial head.

    Reply
  7. jus me April 21, 2017 at 8:49 am

    Jennifer,
    You still carrying baggage.

    First step to freedom is FREE YOURSELF.

    Then maybe you in a position to free others.
    Be true unto thyself.
    All humans were created equal.

    Unfortunately, with maybe most, of us our brains got hijacked at birth by religion, position, colour etc.
    Some of us were lucky, we escape, in my case an alcoholic father saved me.
    I grew uneducated, uncontrolled, BUT UNPROGRAMED.
    My vision is 20.20 and see total reality.

    God is a myth, Patriotism is the ticket to an early grave.
    While politicians shout ONWARDS we are right BEHIND YOU.

    The little 2lb or so mass that sits inside our skull ,is the most powerful computer in existence, BUT ,its weakness is that IT IS a computer.
    Long ago, the wealthy ,of course were also the educated, realised that we are easily controllable if programed , so they made exchanges.
    One elite group supported the other elite group, as long as their joint collateral, US, the plebeian mass, were programed for the benefit of all of the Elite groups.
    Religion was then the main part of the programme, the Church sold the masses in mental chains to the Crown, in exchange for the franchise for the unrestricted selling of Salvation and physical protection of its Franchise.
    Excommunication!! Meant death, as a Pariah.
    It was about wealth and the ability to live off the backs of the Masses

    Whats changed?

    Well as I see it A LOT but also VERY little.

    The elite groupings have enlarged but so have the Masses.
    So have the opportunities for wealth accrual and self engrandisment.
    But Elite have become more Civilised, and realise, that a dead animal produces nothing except its carcas, whereas a well controlled, and better treated animal produces wealth AND for longer.
    But to have this status quo, we must still have totally controlled animals , contented bovines.
    Hence the internet ,brain candy, the legalisation of drugs, the promotion of, presentations of staged pseudo democracy.
    The promotion of freedom of speech, the ability to say whatever as long as what we say means nothing or is of no effect.

    Soon will be the introduction of the new age ,Excommunication, called DEMONETERIZATION, soon all will be plastic payments, and soon all control by the elite.
    Like the ancient Church, the Elite will pass a Death sentence on you for not complying , a FINANCIAL death sentence, the Elite will FINACIALLY EXCOMUNICATE you.
    Easy to see, there would be the Excomunicated , financially naked, with a Plastic , CACELLED CREDIT CARD, in hand and totally useless. Financial Pariahs.
    Cant pay, cant have. DEAD

    Now I don’t want to worry you, but we trying to swim UP Niagra.

    More later.

    Reply
    • Jennifer April 21, 2017 at 11:06 am

      @Jus me – You and your essay of hypocrisy means jack. If this is not for you do not read troll. If all people were created equal why has the US constitution never changed rating blacks as 3/5 of a human. The USA whites and all the rest are no different. Then we got your kind here on the top riding and keeping down my kind. No you and your cohorts get your head out of the sand and get your pineals working and develop that MORAL CONSCIENCE to see your people wickedness. Your people along with HITler set up a holocaust and is still getting reparations by the millions from the USA government to fund a rogue state. The victims of 9:11 still recognizing their set up carnage. The London bombing victims the same episodes. Hiroshima etc same rehashing episodes. The difference is that all of those people try to prevent the same happening again. And for your information I am set free from those mental chains of bondage and my blinkers are off, this is why i can bark as I should. But note well the day this people remove their blinkers, heads will roll.

      Reply
      • Jennifer April 21, 2017 at 11:08 am

        And that grease pole at Oistins is the same POLE that this people is on. Just sliding up and down on getting no where. Your basic thinking heads.

        Reply
  8. Peter April 21, 2017 at 10:07 am

    jus me…. I could not have said it better. I read your entire comment four times to certify to myself that I understood your typographical lamentation. I have told Jennifer that literally every comment she writes exposes her as a failure in everything. BT is her escape route. Quite clearly she is indicating that her horns too, are also caught in the thicket. I told her to go climb the greasy pole at the Oistins Fish festival as she said it is her favourite event. I told her to clean shaved and not wear panties s she will het a tighter grip on the pole.

    Reply
  9. Milli Watt April 21, 2017 at 10:44 am

    I know this is lent but the resurrection of trotman…..my word. workers got to be worried. My take is the PM will do nothing no surprise there he would rally out the term, fight like a dog to retain the government and IF he looses because all options are on the table you can’t say he send home people en masse. The other option is with his good friend Trotman remember Parris is his good friend…..see where that friendship got us. This scenario MIGHT see the PM making good on the threat, he balances the budget, satisfy the tape worms in the private sector, borrow on the international market and rally till the end of the year. The election outcome in this scenario is dodgy at best but the self serving objective is obtained this PM will get to the end and even if he cuts he will be seen as a condemner and saviour. Remember a Bajan memory is like door post and in any case better the last thing to be remembered by and not the first which makes the dodgy election not so dodgy. ANOTHER 5 YEARS PM and they say you ain’t SMART.

    Reply
    • Jennifer April 21, 2017 at 7:15 pm

      @Milli Watt – tape worms, I like that. U know it comes from eating pork. Eventually blocking organs causing diabetes, HTN CANCER etc. Those segmented critters will multiply at each segment. Dangerous girl.

      Reply
  10. Helicopter(8P) April 21, 2017 at 10:53 am

    jus me!! you de wossest! So its not just wealth cause that’s the most expensive bill due to the Stock market and Medical practitioners’ pay cheques . Its about the most lucrative stock money can buy!

    Reply
  11. Mikey April 21, 2017 at 11:41 am

    @jrsmith , is a One-eye man.
    Taxpayers and Business men owe the Treasury money.
    How much and for how long does the government owe to those who have been paying taxes for God knows how long and cannot get neither interest owned nor straight refunds ?

    Reply
  12. jrsmith April 21, 2017 at 11:48 am

    The best thing for barbados is to privatize what can be privatized , just hope , we have a (Voodoo) spiritual cleansing to change the hearts of our corrupt politicians , other than that , the fate of barbados hangs on the brink ,,, having this lot back in office for another term oh dear………………………………………………….

    Reply
    • Jennifer April 21, 2017 at 11:54 am

      jrsmith – Oh yes those privatizations should be the NAILS in the coffin. But who’s?????

      Reply
  13. jrsmith April 21, 2017 at 11:55 am

    @, Mikey, hail, hail, I have one eye but I can see for miles not short sited … you are one of those bajans still stuck in (Massa times) frighten to speak but claims democracy , all you do , raise your hand , bow your head and say nothing just too scared to speak……………………..

    Reply
  14. jus me April 21, 2017 at 1:56 pm

    @ Jennifer.
    Sorry, I miscalculated your baggage it is piled so high ,it obliterates your vision, so you rely totally on imagination, and OH such obvious racialism.
    I am not religious, but I have a protection mantra.
    God save me from Bigoted idealists.
    Point to the Hypocrisy.
    .

    Reply
    • Jennifer April 21, 2017 at 2:15 pm

      @jus me – Get your pineal de-calcified then talk to me.

      Reply
  15. Carson C. Cadogan April 21, 2017 at 2:37 pm

    “”…. allow us to refinance foreign debt that becomes due”.”””

    What we are going to do is to kick the can further down the road. Future generations of Bajans will be called upon to pay for the opulence of this present set of Bajans.

    We are seeking to burden our children and gran children.

    Can this be fair?

    Reply
  16. Carson C. Cadogan April 21, 2017 at 2:43 pm

    “”Barbados’ national debt is an unsustainable $13 Billion, with the BLP being responsible for approximately $8 Billion and the DLP for approximately $5 Billion.  The crucial question that Barbadian voters are being forced to answer is, who is most capable of reducing Barbados’ deficit (overspending) and debt so that our debts are not forced onto our children.”

    ………the common assumption is that the BLP has the experience to solve Barbados’ economic problems and should be given the opportunity to do so – the sooner the better.  I made a similar faulty assumption until I examined the BLP’s past performance, and realised that the BLP are significantly less experienced in bringing us out of economic challenges than the DLP.  The BLP have never had to solve similar problems and have always created severe economic problems whenever they were in government.””

    Grenville Phillips Column

    Reply
  17. Carson C. Cadogan April 21, 2017 at 3:11 pm

    The debt which the country is facing was largely created by the crooked Barbados Labour Party.

    The debt must not be refinanced. The present generation of Bajans who created the debt must be made to pay for it. We have been living above our means for far too long. Too many of us have champagne tastes and mauby pockets.

    It ought not to be passed onto future generations of Bajans. I don’t want my children paying for the debt of Barbados especially since they had nothing to do with it.

    Reply
  18. deworld April 21, 2017 at 3:26 pm

    Some people are so comical…I wonder where Mr Cadogan live all is life..certainly not Barbados.. Barbados always had received economic problems when the DLP in Government. It was so in 1976 when Tom Adams take over…It was so again in 1994 when Owen Arthur take over…remember things were so bad under the DEMS that Civil Servants salaries were cut…Mr Cadogan do you remember the term Structural Adjustment…under the Sandiford Administration. Owen Arthur brought us out of this flying the BLP flag…Hardly unemployment..with as David Thompson said over 40,000 Guyanese working here, as well as Chinese and Nigerians. Then what happen in 2008. David Thompson started the slide of the Barbadian Economy by doubling the price of gasoline and diesel and placing 100 million dollars in taxes on Barbadians…. If citizens have less money to spend, it follows Government would collect less Revenue..For nine straight years these Jokers called a Government tax and tax and tax, that they cannot now find anything else to tax to raise revenue. Mr Cadogan Owen Arthur understood that Government raise revenue on citizen’s expenditure and Income Taxes. Where will government revenue come from if citizens are not working and they have no money to spend. My dear friend the DLP has lived up to expectation by bringing the Barbadian economy in into turmoil. Only difference is, that this is the WORST EVER GOVERNMENT Barbados ever had, and they should make all of us proud by calling an election and let the people kick them out. So Mr Cadogan the BLP have always have to clean up the economic mess left by the DEMS. They did it in 1976, in 1994 and they will do it again in 2017-18 whenever elections are called.

    Reply
    • Carson C. Cadogan April 21, 2017 at 4:15 pm

      Let this sink in,

      $8billion of Barbados’ debt was created by the Barbados Labour Party.

      This is out of $13billion national debt.

      Reply
      • Jennifer April 21, 2017 at 6:28 pm

        @CCC – well said, we got a lot that think the BLP slate is Lilly white. But then again…………………………………

        Reply
    • Carson C. Cadogan April 21, 2017 at 4:20 pm

      I would not like to see the crooked Barbados Labour Party form the next opposition.

      I would like to see one of the newer parties form the opposition. Thus relegating the Barbados Labour Party to the dust bin. The Barbados Labour Party has nothing of substance to offer Bajans.

      Reply
  19. Alex Alleyne April 21, 2017 at 3:37 pm

    Mr. PM, first stop is the pine CBC.

    Reply
  20. Tony Webster April 21, 2017 at 8:50 pm

    @Alex Alleyne: in principle, I would support your suggestion. However, even if DEM tried to flog CBC tomorrow ( whichin dem will not, needing a last-gasp media boost in the run-up to their run-out) …there would be no takers, unless the Chinese need to do even more to entrench their presence here…because it would be 10 years late, what with DirecTV; FLOW TV; ADSL by Fibre; movies on demand, all all available on your 4G smartphone!!! Even with government selling CBC WITHOUT THE $115Million deficit, and outstanding bank loans considered, 90% of the assets would be either old, outdated, or just plain obsolete. Don’t even THINK of whether a buyer would consider taking their ” “professionals” as part of the deal….or what their union might get up to. The best solution for that mess up a hill, would be for the earth to simply open-up…

    Reply
  21. David G. Brooks April 21, 2017 at 8:50 pm

    In the article it says “at the end of last year while international reserves fell to $682 million, the lowest level since 2009.” but in 2009 the ForEx was $1,477.4M and cover in Weeks at 21.0. Look at the Central Back report(s).

    They probably meant 1999 … yes, that’s 1999 … some 16 years ago when it was just over $600M which was still acceptable back then as it slumped from about $750M in 1998 but was back over $900M in 2000.

    Imagine that, even in the year 2000 our ForEx, at $900M+, was what it feel to in 2015 and well the rest is history as we know it. Check the Central Reports, if they lie then we in real trouble then.

    Reply
  22. deworld April 21, 2017 at 9:18 pm

    Mr Cadogan get your facts right…in 2008 when the BLP left office the National debt stood at $5.67 billion. Check Hansard and the daily nation 14th March 2012. Stop spreading fake news and alternative facts. This mean that the DLP is responsible for over $7 billion in National debt in nine years.

    Reply
  23. deworld April 21, 2017 at 9:27 pm

    remember also, when the BLP took office in 1994 the National debt was $2.5 billion. This mean the BLP is responsible for about $3.1 billion in fourteen years. By the way look at how the physical landscape was improved under the BLP. Tell me what they did with this money they borrowed. I cannot see any landmarks established by the DLP.

    A warning to you, get your information right before you post. I will respond to all your fake news and alternative facts.

    Reply
    • Carson C. Cadogan April 22, 2017 at 9:15 am

      You are supplying “”facts”” according to the crooked Barbados Labour Party.

      Reply
  24. jus me April 21, 2017 at 11:57 pm

    Jenifer, I spell it that way because I believe with you there is a little something missing.
    Medical advice as well. My you are endowed with so many small parcels of knowledge.
    I do tho thank you for the proffered advice and assure you, so that your mind can rest, I sleep regularly and like a baby.

    Why offer the cuts of a misused quote, when all you had to admit ,was that what I had written was over your head.

    Let me put it how you will understand.

    You are Pissing in the wind.

    Mighty may be your intellect and huge your moral fortitude, it is nothing against the system.
    The system LOVES little people like you , as you are grist to its mill, you provide the diversions about nothing,that occupy the plebeian mind and allow unfettered progress for the Elite,s objectives to be achieved.
    Not that any of that matters to you as you are so wrapped in your petty interpretations of life, and with all diligence will persue your own tail until you finally disappear up your own rear end.

    At least your arch rival Peter, persevered with my, Jack all, essay of hypocrisy, badly written as it was, it did pass the test and relay to him my meaning.
    If you had not simply stopped mentally functioning, at the word Baggage, you would have noticed ,you would have deduced that I was advising a change of approach, as the frivolous end remark, of swimming up Niagra, was lightly meant to indicate,you are not going to achieve the impossible, with your current mental attitude. Your Baggage.

    Take Peters good advice and your grip on Life,s greasy pole will be improved 100 fold, plus your barking would be more muted.

    Reply
  25. jus me April 22, 2017 at 12:08 am

    Helicopter
    Please clarify your comments..
    Also medical stocks are at a low mostly apart from medical Marijuana companies ,which are like pot users, flying high.
    IMH went from20 cents Canadian to $2.20 cents in 10 months
    Like 10 k$ into 110,000$ in 10 months.
    Pass me a joint man.
    It wont Calcify my pineal gland will it Jenifer??

    Reply
  26. jus me April 22, 2017 at 1:39 am

    I am puzzled HOW the PM can refer to QEH as a loss maker??
    Its the ONLY public hospital we have.
    We pay massively to have it.
    There can be NO profit, its a public entity.

    What there can be,
    is total incompetence of the Government that runs QEH, making it MORE expensive to run than it should be.

    Maybe this leader of the Government, that heads up this shambles of a medical system we pay billions for, should ask for an independent group to examine the running of the Dept ,responsible for QEH.
    Then fire the person responsible.

    Reply
  27. Andrew Simpson April 22, 2017 at 8:19 am

    All the public services and statutory corporations already belong jointly to the citizens of Barbados. Sustainable businesslike management of these assets is what is required. The failure is in our system of governance; individuals elected to political constituency representative posts, acting instead as managers of critical economic sectors. These two functions; completely separate and distinct, requiring different education, training and talents, cannot feasibly be undertaken in tandem.

    Reply
  28. Lorenzo April 22, 2017 at 6:25 pm

    Carson Cadogan I agree with Deworld you like to throw around a lot of half truths both here and on Barbados Underground and like him I will monitor you very closely to refute your nonsense in typical Dems style.on another note I heard th Trini Dem after buttering up Corey Lane as she does with Mr Johnson and David Ellis who is in my opinion a Dem as well telling Corey about the Debt accumulated by the Blp.The question I have for her is unlike the blp who had projects to show for their Debt where is the projects under
    this

    Carson Cadogan I agree with Deworld as this is your modus operandi to be spreading half truths Dems style.On another note I heard the Trini Dem after buttering up moderator Corey Lane as she usually do with David Ellis and Dennis Johnson along with others to speak uninterrupted proceeding to speak about the Debt accumulated under the BLP who had projects to show for the debt .My question to her is where are the projects for the debt of this (her) Government?

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *