Abed chides Government

President of the Barbados Chamber of Commerce and Industry (BCCI), Eddie Abed, has given the Government a severe tongue lashing for ignoring the recommendations of the Fiscal Deficit Committee, which was convened by Prime Minister Freundel Stuart earlier this year. 

Abed accused the Stuart-led Cabinet of behaving as if they alone had the answers to the country’s economic woes.

In a fiery contribution to Friday’s meeting of the Social Partnership at Hilton Hotel, Needhams Point, Abed questioned why Government had not given the 30-page document any consideration, six months after it was submitted. 

 “We are in an environment where there is not enough information put out in the public domain that knowledgeable and reasonable interjections can be made. There is no one particular area in this country where anyone has a monopoly on intelligence. The country is full of intelligent people who want an opportunity to work in an environment of transparency and not in a situation where one entity makes laws, committing certain aspects of the community to raising revenues and there is not sufficient input from the social partners,” Abed said. 

“We had the two working committees and produced reports. It is extremely daunting that these reports were produced by the Social Partnership and they were not embraced nor were they even brought back to the Social Partnership to be discussed. They are not perfect but the fact that none of them was implemented causes concern as to what was the purpose of creating the sub-committees,” he added. 

The BCCI president said if the Government was more engaging with the citizenry in devising measures to deal with the country’s economic problems, there would be less opposition to the austerity measures, as persons would better appreciate the rationale behind their sacrifice.

The Fiscal Deficit Committee submitted the recommendations back in March, which included a lowering of Value Added Tax (VAT) from 17.5 per cent, which was proposed for implementation over a nine to 12-month period as a means of eliminating revenue leakage and bringing targeted relief to the poor and the vulnerable.

However, in his closing remarks to bring the curtains down on the eight-hour meeting, Stuart said that his Cabinet was still actively considering the proposals. He stressed that several of the proposals were not easily implemented and were best suited to the long-term economic recovery strategy.

“I want to assure you that the proposals were not placed in file 13, we did not throw them one side, we went through them line by line and indicated what the Government was in process of thinking about. Some issues were a little more troublesome than others . . . but we must debunk the myth that two reports were submitted and we just threw them one side. Having gone through the report and having distilled the more useful recommendations, further discussions are set to take place to separate the short term recommendations from the more medium term ones and all for the benefit of Barbados,” Stuart explained.

11 Responses to Abed chides Government

  1. Jennifer August 12, 2017 at 11:15 am

    The major problem is that black people minds is safely lock down in file 13. And will stay there too unless they stop depending on the file 13 politicians. The merry go round on fantasy island will continue.

    Reply
  2. samantha walker August 12, 2017 at 11:30 am

    And quote…..which included a lowering of Value Added Tax (VAT) from 17.5 per cent, which was proposed for implementation over a nine to 12-month”

    Simple maths, this was supposed to be lowered but it remains the same plus with the NSRL currently @ 10%…. now look what poor people have to contend with. Yet the Government didnt hesitate to give themselves back their 10% after the required timeframe.

    Reply
  3. Carson C Cadogan August 12, 2017 at 11:38 am

    I am glad that Barbados Today did not fail to add this:

    “However, in his closing remarks to bring the curtains down on the eight-hour meeting, Stuart said that his Cabinet was still actively considering the proposals. He stressed that several of the proposals were not easily implemented and were best suited to the long-term economic recovery strategy. “

    Reply
  4. Sheldine Dyall
    Sheldine Dyall August 12, 2017 at 12:10 pm

    U should support the walk and we cannot get no money to spend with you

    Reply
  5. colleta August 12, 2017 at 12:21 pm

    Don’t expect different from those who don’t listen or even think that anyone can advised them.

    Reply
  6. Winnie Meade
    Winnie Meade August 12, 2017 at 12:43 pm

    You did not support the march now the people will not cone in your shop if you say your sorry you will get them come back but not me ok

    Reply
  7. James Austin Bynoe
    James Austin Bynoe August 12, 2017 at 2:33 pm

    But did not support the people’s march …. opportunist plan and simply

    Reply
  8. Alex Alleyne August 12, 2017 at 3:13 pm

    At the moment everything in BIM seems to be upside down, so “when the only thing you have is a hammer , everything become nails”.
    One and all will keep hammering away at the PM and his bunch.
    Until they understand that “Growth is the only evidence of life”.

    Reply
  9. Milli Watt August 12, 2017 at 10:33 pm

    stupse

    Reply
  10. Milli Watt August 12, 2017 at 10:34 pm

    btw Abed got unions in his business……….Bynoe got unions wait Bizzy got unions in his businesses hmmmmmmmmmmmm

    Reply
  11. Sheron Inniss August 13, 2017 at 10:10 am

    One set of foot prints in the sand; yes LORD now I understand…..

    Reply

Leave a Reply

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