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.
Community pray for shooting victim
Burglar a ‘good guy’ says restaurant owner
Services threatened by cash crunch – Gosling
Developer talks about restaurant plan
Making the big events work for Bermuda
Family firm marks two centuries in business
Man convicted of assault freed from prison
Lightbourn starring in Maybelline commercial
Parents angry over teacher transfers
Brothers found guilty of machete attack
Pair went on spree with cloned debit cards
Concern over firestopping work at hospital
Litter a ‘death trap’ for skinks
Scott on ‘tactics’ of censure motion delay
Departing judge thanks Bar for support
Take Our Poll