Country’s spending focus

Dec 23, 2020 Letters

DEAR EDITOR,

I thought Parliament was on a holiday recess, however I learnt today our Representatives will meet on Wednesday, December 23, 2020 and are not going to do this short policy paper until the new year to contribute to National Policy Development.
Finding the right balance for country spending – sitting on a pile of cash in the treasury and utilization of various credit facilities must be very carefully considered. The credit risk money management factors of debt to income ratio, cash reserves and projected income from all sources, look for the optimization point on country spending or at least a sort of acceptable equilibrium.
The People’s Progressive Party Civic are either ignoring some fundamental principles or practicing some type of voodoo or Russian economics, they have three former Finance Ministers on Board certainly these gentlemen should know better former President and current VP Dr. Jagdeo, former Finance Minister Dr. Kowlessar and Finance Minister Dr. Ashni K. Singh who has resided in Canada
With respect to local content policy, we need more than Corporate social welfare in certain sectors and industries, by now most should know job creation will have to come from a wide cross section of various development projects with the oil funds windfall mainly, so for example in my local area the people I have seen and spoken to don’t want to move, instead they want to stay where they are and be re-zoned with better human development environment and safer living structures, employ a construction company, employ people within the neighbourhood to do work on a model multi unit building, if this goes well then do more developments.
Take care for now, this is a quick note, correct any grammarly errors or expand on the vision, more policy ideas to follow

Ronald Thompson

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