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Changing course? On Real Business

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  • Changing course? On Real Business

    ever since the new gov't came to office Ralston Hyman been saying that the gov't should go to the market to raise money to finance the budget. Okay, out of the blue we heard that they raise 150 million.

    Now this morning Dr. Davis was on the program, Ralston wanting to prove he is right asked if he, Omar, would have got to the market earlier, the response was not really. Hyman asked the question again and again and Omar said, "maybe a week earlier, but I'm not in a position to second guess them."

    Again, Ralston, a chap I like listening to, is insisting that the gov't should have taken more money from the market. Omar said he would have taken 100 million more than the 150 million. Hyman could be heard patting himself on the back when he said, "Correct." What he wasn't expecting was Omar following up with, "however, come next year that 100 million is more debt to report and it will affect the debt to GDP.

    Sound like the first step in changing course. Wha yuh say Mosiah?
    "Jamaica's future reflects its past, having attained only one per cent annual growth over 30 years whilst neighbours have grown at five per cent." (Article)

  • #2
    Mi a watch di ride!


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