Chamber economics committee calls for credible fiscal plan
Economics Advisory Committee co-chair Diane Newman added her voice to those in the business community recation to the OBA victory.
She said a credible fiscal plan was the first step in restoring economic growth for the country.
Ms Newman said: The Economics Advisory Committee is pleased that the new government supports much-needed controls on public spending and has outlined a plan to reducing public debt — moves that are long overdue in addressing the problems facing the economy.
The OBAs platform, which includes a formal public debt management plan, as well as the possible freezing of the civil service and initiating a ten percent pay cut for government ministers, has already resulted in positive comments from the Fitch Rating Agency.
If the new Government can successfully carry out these steps, it will begin to rebuild Bermudas credibility with our lenders and with others who are considering investing in or doing business in Bermuda. A credible fiscal plan is the first step in restoring economic growth for the country.
Glass attack woman has sentence reduced
Black Friday crowds take over Hamilton
Cake pop business is a dream come true
Doubts expressed over City’s clamping stance
Beauty queen loves the skin she’s in
Status applications for 2014 top 500
Appeal for toddler who needs surgery
Chewstick loses Elliot Street premises
National Trust: we never owned Moonray Manor
Injury forces Perozzi to hang up gloves
New work permit policy is delayed
Australia mourns death of Hughes
She sees sea shell as Christmas decoration
Take Our Poll
- Which of the following best describes your opinion on how Senior Civil Servant job positions should be granted?
- Senior civil servants should be appointed on a temporary contract renewable basis.
- Senior civil servants should continue to be appointed on a permanent basis
- Don't Know
- Total Votes: 2155
- Poll Archive