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.
‘If you want another 1981, you can have it’
Lawyer loses pay dispute
Thriving shoe store moves into larger space
Return to the table, says PLP to Government
Feeding the white elephant in the room
Team Oracle submits plans for base
When baby joy turns to despair
Age is just a number for active Olive, 90
Few signs of progress in growing standoff
Merger to lead to job losses
Fingers point at civil servants
Government remains resolute on furloughs
History of furlough days controversy
Second march on Cabinet
BTUC statement: we shall not be moved
Far Above your average home
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