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Barbados Estimates 2016 – 2017

The Barbados Estimates Debate for 2016 – 2017 is currently being debated in Parliament. Although many Barbadians are sucked into the theatrics of the annual budget presentation, the more meaningful debate about ordering the country’s finances is meant to be discussed in our system of government in the Estimates debate. It is now evident that…

Mia Mottley, Leader of the Opposition
Minister of Finance Chris Sinckler

The Barbados Estimates Debate for 2016 – 2017 is currently being debated in Parliament. Although many Barbadians are sucked into the theatrics of the annual budget presentation, the more meaningful debate about ordering the country’s finances is meant to be discussed in our system of government in the Estimates debate. It is now evident that the government through its agent the minister of finance has not been honest with the people regarding the finances of the country. Also disappointing in the last year has been to observe the the reputation of the Central Bank taking a huge hit. Further we have had our leading bankers who should know better supporting the charade of Pinokio politics.

Follow the debate on CBC 100.7 and Parliament TV.

267 responses to “Barbados Estimates 2016 – 2017”

  1. NorthernObserver Avatar
    NorthernObserver

    @PS
    the majority of them detest white people. But effin you en notice the colour of money is de same regardless of its source?

  2. ac Avatar
    ac

    @WW&C you can bet your lucky stsrs that as long as Mia is the leader of the blp the party would be seated on the back bench
    She has proven to be a dismal failure in her leadership with her own party.

  3. NorthernObserver Avatar
    NorthernObserver

    if I was the BLP I wouldn’t even run a full slate of candidates. Do you really want to be at the wheel when the shit hits the fan? that is a guaranteed one term, and only the good Lord knows the damage. If I were them, i would gladly give the D’s another term.
    I am 99% sure the country can eke out another year, rough waters, but the ship will not sink. After that it is anybody’s guess. Let the current captains negotiate those waters.

  4. Tron Avatar
    Tron

    Budget speeches:

    Lots of talk, no action to reduce deficit. Same game of the Democratic establishment since 2008. We should not expect any improvement towards a balanced budget, but hot/cold default or devaluation within the next 2-3 years.

    Hint to the opposition: Instead talking and talking, look at Trump how to make your speeches as powerful as possible. He is very, very good in that (let alone the content).

    By the way: Who owns the black Big X in front of Parliament?

  5. balance Avatar
    balance

    “Due Diligence March 18, 2016 at 9:05 AM #

    The Water Resource Management Minister told workers to think about the impact their action will have on the institution:

    “You cannot hold a view that an institution is to pay people for what ought to have been put in place, when the tools to determine what to pay them and over what time to pay them does not exist. And at a time when the quantum that is required will now be the based on which the new salaries are to be determined; that would bankrupt the institution for the next 25-years.”

    Estwick certainly made hismposition perfectly clear.”

    It seems you are allowing undue diligence to trump due commonsense. By the way, Mr Estwick is discredited. No one takes him seriously anymore apparently except you. What little credibility he garnered as opposition spokesman on finance and as Minister of Economic affairs has been thrown away on the altar of expediency

    Like

  6. balance Avatar
    balance

    ‘rtax,

    Did you read in today’s paper where the Stinkliar is quoted as saying that the Democratic Labour Party government had only borrowed three times since it came to office and that some of that money went to paying off debt racked up by the BLP.

    If we never believed that this man was not only incompetent and arrogant but the biggest LIAR there ever was (after the dead lying king)………we now have proof!”

    Prodigal you should also believe that over 40000 thousand supporters of the DLP at home and abroad believe that rubbish too and dutifully spots it as gospel. You need a more effective propaganda machine.

  7. ac Avatar
    ac

    the blp at all cost should try to avoid using the word “corruption ” as it is a reminder of the good ole days when the blp was in power,

  8. Well Well & Consequences Avatar
    Well Well & Consequences

    AC…but so has Fruendel and DLP, proven themselves to be failures…so where does that leave the people and country…where.

  9. Bush Tea Avatar
    Bush Tea

    The FINAL shame on Barbados is the fact that the BLP had the audacity to seek to foist the same set of dishonest rejects on to the electorate last election that had been kicked out for blatant bribe-taking, cost overruns, and downright dishonesty previously.

    You mean to say that a WHOLE damn party could not find 30 untainted candidates to represent a potential new start OUT OF RESPECT OF THE VOTER’S WISHES?

    Steupsss…
    …because of this BLP shiite, AC March 19, 2016 at 6:44 AM has finally said something profound……

  10. Due Diligence Avatar
    Due Diligence

    balance March 19, 2016 at 3:41 AM #

    “It seems you are allowing undue diligence to trump due commonsense. By the way, Mr Estwick is discredited. No one takes him seriously anymore apparently except you. What little credibility he garnered as opposition spokesman on finance and as Minister of Economic affairs has been thrown away on the altar of expediency”

    “Estwick certainly made his position perfectly clear.”

    You missed my sarcastic intent.

    “You cannot hold a view that an institution is to pay people for what ought to have been put in place, when the tools to determine what to pay them and over what time to pay them does not exist. And at a time when the quantum that is required will now be the based on which the new salaries are to be determined; that would bankrupt the institution for the next 25-years.”

    What the heck does that mean?

  11. Well Well & Consequences Avatar
    Well Well & Consequences

    Due Diligence. ..in Bajan speak it means that Estwick has been sitting on his ass for 5 years and not doing his job, so had his predecessors, both sides of the same coin just sit at their desks when they get these ministerial portfolios and do nothing, look at the state of the QEH after Jerome Walcott and Donville Inniss…all they do is talk, lie and play dirty politics.

  12. millertheanunnakiYou missed my sarcastic intent. Avatar
    millertheanunnakiYou missed my sarcastic intent.

    @ Due Diligence March 19, 2016 at 9:48 AM
    “You missed my sarcastic intent.”

    Sarcasm (or even ‘reading between the lines’) is not an intellectual tool in the language kitbag of the average Bajan permanently resident on the rock. Sarcasm is seen as a ‘curse word’ in their lexicon.

    See it in the same superficial light as their believing literally in the Adam & Eve 6 day Creation story.

    What Estwick said is just a heavy load of political bullshit aka gobbledygook.
    He has now become the King Kong lookalike buffoon of Parliament.
    His dead brother is most likely pissed with his betrayal of loyalty to commonsense.

  13. NorthernObserver Avatar
    NorthernObserver

    now you confusing me ac. Don’t do that, I am simple fella, who gets accustomed to routine.
    “a reminder of the good ole days when the blp was in power,”
    Steupsss…ya mean they were good days when the D’s were not in power.

  14. Artax Avatar
    Artax

    “However, IF the loan becomes late for thirty days a service fee might apply which affects the principle .also the latitude of having a small interest rate on the loan can change within time.”

    Remember, in a previous contribution you wrote: “ac March 18, 2016 at 1:09 PM #: “Sir “if”s does not form a reality. I am not here to propose an “if”as a fact.” So, writing “However, IF..” you are essentially engaging in an action you criticized. This is exactly what Stuart meant when he used the term “sanctimonious hypocrisy.”

    Once again you are INCORRECT. Late payment on a loan may attract “fees” but those fees are not ADDED to the principle. Any service fees or interest debt incurs becomes an expense to the borrower.

    By your comments, you seem to be implying that because the BLP may have borrowed funds at high interest rates in the reason why your DLP administration is making repayments “thirty days late” and a “service fee” being applied.

    Surely you CANNOT BLAME Arthur or the BLP when the MoF makes a loan repayment AFTER the DUE DATE, thereby attracting a “late payment fee.”

    Also, ACCORDING TO YOU, “the MOF made reference to a loan which was “called in” under his watch and he DID make the FULL PAYMENT in AVOIDANCE of DEFAULT.”

    If we were take your argument to a logical conclusion, then the only reason why the loan was “called in” was “STEPS to RECOVER the PAYMENT after NEGOTIATIONS or COLLECTION ATTEMPTS FAILED.”

    The more you comment on this issue, the more you are REVEALING your IGNORANCE of financial matters. After engaging in “verbal gymnastics and contortions” you have failed to explain to BU how Arthur became responsible for a loan “ballooning.”

    It seems as though you are receiving your information from my sporty friend Jester “Physical Deficit” Ince. It would do you much better if you were to consult with Darcy Boyce instead.

  15. Hants Avatar
    Hants

    MIA has spoken…..

    http://www.barbadostoday.bb/2016/03/20/mia-wants-apology-from-sinckler/

  16. Millie Jaret Avatar
    Millie Jaret

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  17. best teeth care Avatar
    best teeth care

    Sometimes a entry goes too far on the partisan side, but this one seems mostly balanced. These situations can be very useful to discuss particularly at this time. This pattern of discussion is pretty common among the more reserved, or old school.

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