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Bahamian Politics Last Updated: Mar 28, 2017 - 3:21:08 PM


Dr. Minnis’ Statement on the Government Budget
By The Free National Movement
Mar 28, 2017 - 2:57:03 PM

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Nassau, Bahamas - Dr. Minnis, Leader of the Free National Movement (FNM), issued the following statement regarding the government’s management over the budget:

“As the economic state of The Bahamas continues to decline, the government’s deficit in leadership has become as significant of a concern as the budget deficit itself. Even after collecting over one billion dollars in VAT the national debt continues to rise. Their lack of leadership was again demonstrated by Deputy Prime Minister Davis, who said on Wednesday that our budget was ‘thrown off course by 400 million dollars’ as a result of the two recent hurricanes. This explanation isn’t a simple miscalculation; it is another distortion the government believes it can use to blind their constituencies from its obvious mishandling of the nation’s economy. It’s a depressing fact that the government continues to blame everyone and everything—including the weather—on their inability to meet their campaign promise from five years ago when they pledged to get the Bahamian economy on a path of growth and prosperity.”

“Five long years, and our economy continues to shrink. For so many Bahamians nothing is getting better, it’s only getting worse for them and their families. The PLP got their way, imposing their onerous VAT tax on the people. They said the revenue was needed to pay down our debt. Yet Gross National Income has declined each year under the PLP government, while our debt has skyrocketed. This Government’s continued mismanagement has led our country's credit rating to be downgraded to junk bond status by the international rating agencies.”

“Our economy is on the brink, our people continue to suffer and all this PLP Government does is spin out their fantasies. This election is a call to arms for the future of The Bahamas; we need new leadership that will listen to the people and work to turn our country around. The new FNM government will immediately begin to repair the damage caused by the PLP’s five long years in office —this includes enacting comprehensive economic recovery plans that put people to work and leads to true economic growth that benefits all Bahamians. The people can’t afford five more years of this inept, ineffective PLP government where pointing fingers and placing blame has replaced leadership and solutions. The FNM will pursue economic policies that strengthen every section of the economy, creating a path to opportunity for all.”



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