Bahamas Government Admits Bookkeeping Deceit!
Bahamas Prime Minister Ingraham has apparently just admitted that his government has been doing that for some time…
“Fundamental decisions must be made about loss-making public sector enterprises such as Bahamasair, Water and Sewerage Corporation and the Broadcasting Corporation of The Bahamas. At least 20 per cent of the monies borrowed by the Bahamas government under the disguise of capital expenditure will continue to be transferred and pumped into these entities to pay operational expenses, such as salaries, office supplies and gasoline, diesel and whatever other recurrent expenses.”
“And then we burden the taxpayers of the Bahamas for 20-30 years to pay that money back. In respect of these items that can’t be seen, can’t be felt, anything. Just consumed, it disappears. Generations after generations have to pay it back. Fundamental decisions have to be made…”
…Bahamas Prime Minister Hubert Ingraham
Can We Please Have The Same Honesty From Our Barbados Government?
Will we in Barbados ever know the full truth about GEMS Hotels, the Warrens office complex, the new jail, the flyovers and so much much more?
Prime Minister Thompson has just about another 30 days to show that he is not going to let the misdeeds of the past government slide before he loses our support. We have no doubt that VECO’s bribes, kickbacks and “offshore consultancy fees” benefited members of the last government and their families.
If the current Barbados government is willing to look the other way on all the unethical activities of the BLP government as we and our children continue to pay for the next generation, it will show that nothing really changed at the last election. The old boys club is still well entrenched no matter which party the individual old boys support.
WeblogBahamas.com – Bahamas Prime Minister Ingraham – Some government corporations face ‘cut backs’