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Showing posts with the label budget

Prosperity and Public Sector Wage Negotiation

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2018/2019 Budget The problem the JLP Government is having at the moment is that they are becoming victims of their own Delusional and “Illusional” Public Relation Campaign. I am sorry but you cannot walk around screaming Prosperity while still trying to implement Austerity. It is Irresponsible and disingenuous to sell people a false sense of security. The Government must get back to reality and paint that picture of reality to the people of this country and encourage them to get on board with all hands on deck. The work is not over but just beginning. The last PNP government had to face fiscal reality right out of the box after taking office in 2012, they had no choice. By the time they took office Jamaica had failed all of the previous IMF test and talks had broken down completely. As a result the IMF, World Bank and OAS circled the wagon and told Jamaica we were out of the Global financing business until we get our shit together and return to the path we agreed upon durin...

The Austerity, Inflationary, No Growth, Bitter Medicine, Debt Reducing IMF Budget

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As far as I am concern this “Austerity, Inflationary, No Growth, Bitter Medicine” Budget is a rubbish budget but whichever party was in power I feel would have to deliver this “Austerity, Inflationary, No Growth, Bitter Medicine” Budget which was written in Washington by the IMF and represents a clear sign of their frustration with our inability to live within our means. The world financial organizations are now doubtful that we will be able to repay our loans, plus interest. It is clear also that our political class lacks the ability, innovation and imagination to stimulate real economic and social development. They went to Washington thinking they were going to get a better deal from the IMF than the last set of equally clueless, political class members but came away with the same deal as our previous administration. I can just imagine them around the negotiation table thinking their smooth talk and good looks was enough to soothe the savage beast but instead realising that the wo...