PM-Elect says new gov't face fiscal challenges

[Pepsi]

PM-Elect says new gov’t will face fiscal challenges
Friday, 07 September 2007

Ahead of his swearing-in ceremony next week, Prime Minister designate, Bruce Golding says his government will be faced with immediate fiscal challenges.

Before his meeting with the Governor of the Bank of Jamaica, Derrick Lattibeaudiere, Mr. Golding told journalists that he will be prudent with economic management but big on delivery.

"What I have been advised of is that there are commitments that will have to be met that were not provided for in the budget. If we say we are going to do something we must do it," said Mr. Golding.

Concerning the region, Mr. Golding expressed concern about the CARICOM Single Market and Economy (CSME).

He said regional leaders should change the course of the CSME.

"We support the Single Market, we have serious reservations about the Single Economy. A single economy cannot operate with seven different currencies, it is just not possible. We will never be able to get rich off each other, we can only get rich off of the rest of the world. Let us be focused on what we can do in Europe, not what we can do in Port of Spain or in Kingston," he continued.








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[Karl]

We will never be able to get rich off each other, we can only get rich off of the rest of the world. Let us be focused on what we can do in Europe, not what we can do in Port of Spain or in Kingston," he continued.

Agreed 1000% - World markets...markets outside of Jamaica...mek wi tek unnuh money!

...both in terms of supplying goods & services and in supplying workers!

[Rockman]

Bruce is going to quickly find out ameliorating the drastic conditions faced by the poor is on a head on collision with the very things his economic big wigs are suggesting, ie the tiefing World Bank, IMF and any agreement with regard to trade.




Blessed

[Pepsi]

Bruce is going to quickly find out ameliorating the drastic conditions faced by the poor is on a head on collision with the very things his economic big wigs are suggesting, ie the tiefing World Bank, IMF and any agreement with regard to trade.




Blessed

I hope we can live without that type of economic trauma,going back to the IMF may not be the road to go.Bruce may have some explaining to do.World Bank is not bad...The Chinese are eyeing Jamaica for a HUB,why not them?.They cannot bring communist come a jamaica they are not into that,but jamaicas devalued currency an a million point five people able to work(labor) and closeness to the North American continent give us some advantage.