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PM Says 2013 Budget Practical

PM Spencer in ParliamentAntigua St. John's - Prime Minister Baldwin Spencer has labeled the 2013 Budget as a policy statement that represents the government’s acceptance of the reality of the economics of Antigua & Barbuda and its efforts to take the country forward despite the challenges.

In making his contribution to the 2013 Budget debate in the House of Representatives on Friday, the Prime Minister said he listened keenly over the past week to his colleagues on both sides of the isle and surmised simply that there are clearly opposing views to the challenges facing the nation.

“You have two different visions or understandings of where we ought to be going and what would really get us on the road to economic and social development in this country,” the PM said.

The Prime Minister congratulated opposition leader Gaston Browne on his elevation to “a very important position”, and urged that he rise to the challenge and responsibility of that office and understand its importance.

“From where you sit now it is not just the Antigua Labour Party and what it may or may not represent. It is the nation of Antigua & Barbuda (that) is more important,” the PM advised.

Further, Spencer said he listened to Browne’s presentation keenly and surmised that among the “fluff” and “rhetoric” were mere short-term quick fixes with no long-term reach.



“My own assessment of the situation when you take it holistically is that there is really nothing new in the sense that some of the prescriptions, or most of them, are rooted in propositions that would have taken place in the country under the ALP over the past years,” the Prime Minister said.

PM Spencer said the government is being honest with the people and has called upon them to make sacrifices in order to keep the country afloat. He added that the government is prepared to listen to practical solutions from the opposition and any other body.

The PM urged all parliamentarians to lend their support to the budget and the country’s recovery efforts in any way possible, rather than play political football with the future of the county and its people.

“The challenges currently facing the country are not the lack of ideas and of interested investors, but simply the lack of finances.

“We have had over the past 3-4 years … we have had a serious contraction in investment dollars all over the world.

“We must tailor our thinking and understanding and come to terms with (the fact that) under the circumstances and situation we are doing the best thing,” the PM said.

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15 Comments In This Article   

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shut up dr dr 99.999.999

#15 labourite » 2013-01-13 20:42

WPP is new,crime has decreased what ese?look at this dunceness,someb ody who cannot even manage simple arithmetic talking about"my own **ment of the situatioon..."Y ou dont have the logic and reasoning to **s a thing. You are either very xxxx or dxxx but not smart,so just stop those stupid **ment about"the challenges facing the country are not lack of ideas or investors but finance".You definitely lack reasoning, ideas and vision period.chupz
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labourite

Amazed

#14 Gringo » 2013-01-13 18:28

How did we let Antigua and Barbuda come to this? we have a clueless prime minister whose utterances are devoid of common sense and logics.
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Gringo

@ fnpsr

#13 skyewill » 2013-01-13 15:25

What investors want are guys like you who know the customers needs. You hit the nail on the head my friend. "There is no reasonable assurance to making a return on their money. Furthermore, investors would like to see islanders investing their own money" Something I express in pre 2004. The question was what programs are being formulated for us to get involved in investing at home. The answer: “we want to help "THE LOCALS", I felt a little insulted, I was downgraded to one of THE NATIVES" or a "COMMONER"
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skyewill

re : . investors like certainty and stability - part 3 & final

#12 fnpsr » 2013-01-13 14:41

I will also concede that one of the challenges facing Antigua and Barbuda, inter alia, is a lack of finances. But this lack of finance is not on the part of the investors. It is on the part of the GoAB. It is bankrupt! It is under the control of the IMF. There is no cohesive financial management plan to reverse the ills of the island. Therefore, investors will be reticent to invest hundreds of millions into an island where there is no reasonable assurance to making a return on their money. Furthermore, investors would like to see islanders investing their own money, i.e. taking some of the risk, rather than watching their money in the bank and depending and others. Investors believe that a rising tide floats all boats.

“Let’s fix the little things with RWE before we attempt to fix the big things.”
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fnpsr

re : . investors like certainty and stability - part 2

#11 fnpsr » 2013-01-13 14:40

I will also concede that there are not a lack of investors and that the politicos know who they are and where they are. The question is why are they not flocking to Antigua and investing their hard earned money? I believe that the answer to this is simple. One must realize that investors invest to make money. Investors like certainty and stability. Investors want a solid infrastructure. Investors want reliable and low cost electricity Investors want reliable Internet services. Investors want an environment devoid of corruption. Investors want to know that when they invest hundreds of millions of dollars their properties will not be nationalized. Investors want a stable and qualified work force not pressured by unions. Investors want an environment where it is seamless to do business. Investors want an effective judicial system where conflicts can be resolved fairly and expeditiously. Investors want a tax system that is fair and not oppressive.
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fnpsr

re : . investors like certainty and stability - part 1

#10 fnpsr » 2013-01-13 14:40

I will concede that the challenges facing Antigua and Barbuda are not a lack of ideas. This cannot be! With all of the learned politicians and non-politicians , and of course not to mention the hundreds of legal beagles, bursting at the seams to come forward with their ideas, I have to wonder what is holding them back. Is it that they are afraid that that someone might give them credit for the brilliant idea that turns the island around or that they are afraid that someone will take the idea and improve it and the good people of Antigua and Barbuda will benefit? I am at a loss!!
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fnpsr

He would probably take it back

#9 tenman » 2013-01-13 12:54

Quote:
“The challenges currently facing the country are not the lack of ideas and of interested investors, but simply the lack of finances.
Fire to me its these are contradictory statements: having investors but lacking finance. They imply that that the PM is really confused. My schooling has taught me that you gain financing either via investors (equity) or debt (loans). Clearly what the PM labels investors as you stated are fake

..
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tenman

RE: PM Says 2013 Budget Practical

#8 S. Mack » 2013-01-13 09:18

I feel as though my PM and his finance minister failed to present any constructive or creative idea during the budget to solve our economic problems. I run a small business and closure is steering me in the face. It is out of pride that I am hanging in there. They were more interested in re**ing the opposition instead of putting forward new ideas. Even this piece by the PM does not impress me. It s more about Gaston Brown than the people. I did not vote for Brown to lead us, I voted for Spencer. Spencer has to come better than this otherwise, I will give Brown a chance even though I do not support the Labour Party.
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S. Mack

RE: PM Says 2013 Budget Practical

#7 Fred » 2013-01-13 09:05

In 2004, a dinasaur was elected to lead us. A Prime Minister who had and has no qualifications, no experience managing anything, someone who was not ready to govern. Now that he and his grabbernent had failed, no one should be surpriised.
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Fred

RE: PM Says 2013 Budget Practical

#6 Inquiring Minds » 2013-01-13 06:33

Is there any money in there for the payment of "acquired" HMB or SIB properties ?
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Inquiring Minds

RE: PM Says 2013 Budget Practical

#5 Inquiring Minds » 2013-01-13 06:17

Is there any money to pay the SIB or Half Moon Bay investors?

What sane, clean investor come near the GOAB at this point??????
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Inquiring Minds

RE: PM Says 2013 Budget Practical

#4 fire » 2013-01-12 22:09

“The challenges currently facing the country are not the lack of ideas and of interested investors, but simply the lack of finances."

Maybe I am slow and stupid but you guys can help me out here.

IF you have ideas, and i am assuming he meant good viable ideas, and you have interested investors, how is finance a problem? Isn't that the reason for the investors, unless like everything else UPP, their investors are hoaxes.

Or unless, as it has been reported over and over in the media, the UPP wants so much "under the table" dealings that they are running/scaring the so called investors away.

What a sad state A&B finds itself in.
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fire

RE: PM Says 2013 Budget Practical

#3 ANTIGUAN WOMAN » 2013-01-12 21:50

Surely your sins will find you out. It certainly cannot be the strain of running this country that has caused the PM to age soo rapidly,he has done nothing except tax and xxxx.It must be conscience. whatever,this is a horrible picture.
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ANTIGUAN WOMAN

You move your own goal post, not the people!

#2 Dig It » 2013-01-12 09:33

Quote:
“The challenges currently facing the country are not the lack of ideas and of interested investors, but simply the lack of finances."

How can the PM put the "cart before the horse?" Amazing that this government collected more "taxes" and "borrowed-more" and nothing is ever mentioned on the "wastage' it has done with 'spending-of-th e-peoples-money .' Where is the 'acccountabilit y' in that? Yes, we can't play "political football" with the peoples plight but it has been like that in this country. We didn't move the "goal-post," our leaders did!
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Dig It

Pay people first

#1 skyewill » 2013-01-12 07:35

All people want to know did you put money aside to pay people when they work?
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skyewill

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