June 29, 2014
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The Bahamas must see “a real climb in GDP growth” to at least 2.5 percent every year to break the cycle of double digit unemployment rates, a governance reformer warned yesterday.
The Bahamas is “maybe 25 percent of the way there” on economic and fiscal reforms, a governance campaigner said yesterday, with too few Bahamians feeling the benefits of this progress.
The Government was yesterday warned it will “wipe out” many non-profit organisations (NPO), and drive away valuable donations, through its new regulatory regime.
The Government was yesterday urged to eliminate “excess weight” in the public sector that is dragging The Bahamas down “like a 50,000 pound anchor for a canoe”.
The Bahamas is not getting the “modern governance” promised in return for the VAT hike, a leading reformer blasted yesterday, with people “sick and tired” of financing a bloated public sector.
A Bahamian businessman yesterday questioned “how am I supposed to compete” against foreign rivals whose all-in electricity costs are almost two-thirds lower than BPL’s fuel charge.Robert Myers, who also heads the Organisation for Responsible Governan
Governance reformers yesterday expressed fears that the Government’s finances may still contain “skeletons in the closet” because of its continued reliance on cash-based accounting.Robert Myers, the Organisation for Responsible Governance’s (ORG) pri
Bahamians must “start raising hell” over recent revelations of government waste, fraud and questionable contracts, a governance reformer urging: “We’ve got to move past this horrible era.”Robert Myers, the Organisation for Responsible Governance’s (O
The Fiscal Responsibility Bill is “an absolute game changer” for good governance if properly enforced and complied with by the public sector, a leading reform campaigner said yesterday.Robert Myers, the Organisation for Responsible Governance’s (ORG)
The Government was yesterday urged by a leading governance reformer to reduce “inefficient taxes across the board” so that it could make room for potential Value-Added Tax (VAT) rate increases.
The Bahamas cannot afford “another five-year cycle” of unaccountable government spending, a governance reformer warned yesterday, arguing that a Fiscal Responsibility Act should have “preceded” Value-Added Tax (VAT).
There has been much recent discussion of Bahamian dollar devaluation. At this stage, is seems that it is not a matter of if The Bahamas will suffer devaluation, but when.
The Bahamas is “well beyond” the point where it merely needs to “stabilise” its $6.6 billion national debt, a former Chamber chairman said yesterday, as he warned that the economy was showing “no desire for growth”.
The Bahamas needs “five Baha Mars going on” simultaneously to achieve the 5.5 per cent GDP growth necessary to slash existing unemployment by 50 per cent and absorb thousands of annual school leavers into the workforce.
The Government has been urged to end its "ridiculous foot dragging" over the Bahamas Electricity Corporation's (BEC) part-privatisation and wider energy reform, as the private sector readies its own study on the issue.