Tuesday, May 6, 2014

Pay Cuts And The Budget

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3 comments:

Anonymous said...

the problem is a longstanding one in our system when the prime minister is automatically minister of finance even his background do not fit for this post.
get a finance expert to be minister of finance and let the prime minister to overlook his ministrys

May 7, 2014 at 1:13 PM
Anonymous said...


Pyromaniac Firefighter
===================
Our politicians must be applauded when they have done something worthy of note or something that suggests a modicum of moral courage but we must be just as critical when they endanger our future with their bone headed public policy initiatives.

During the first Kenny Anthony lead SLP administration the government spent a lot of money on crime and criminal justice building new police stations and refurbishing others.
During that period the police force grew from 592 to 829 some 40%. In addition many more persons were added to the civil service in various capacities. The NICE and STEP and poverty reduction policies accounted for more government expenditure most of which were financed by borrowing.

There are two ways to look at this one can argue that they created jobs in the public sector but those who are fiscally prudent would say they increased the public sector wage bill which created upward pressure on the already problematic recurrent expenditure.

To add insult to injury the Stephenson King lead UWP administration was bullied by public sector unions to offer public sector workers an enormous 14% wage increase which undoubtedly exacerbated the situation.

In comes the new SLP administration and added more CONsultants and other members of its inner circle to the government payrolls resulting in the country’s fiscal problems getting progressively worse.

Bolstered by the success they had with the last UWP administration public sector unions made even more ridiculous demands for pay increases on the government.
The SLP administration rightfully resisted and offered a more modest increase against optimistic projections for VAT revenues which fell very short of such projections.

So our politicians created the fiscal mess we are experiencing that has been amplified by a stagnant national economy that is compounded by a sluggish world economic recovery. A perfect economic storm if you ask me.

In comes the pyromaniac fireman who was instrumental in setting the fire so he can come to the rescue as a super hero and put out the same fire so he can be glorified.
It would appear that the public sector unions will not play ball with the administration as far as the proposed salary reduction plan is concerned and so our pyromaniac fireman will be found out.

May 8, 2014 at 2:23 PM
Anonymous said...

so we are left with one option, which is to retrench. Can the union say no to that option?

May 8, 2014 at 7:33 PM

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