Cabinet must confront the harsh economic reality that in a volatile global environment, any push to privatize state assets such as Petrotrin will attract opportunistic investors seeking to acquire national assets at distressed values, effectively shortchanging the country, while simultaneously domestic policies, rising taxes on liquor, escalating grocery prices, and increasing cost of living, are crushing small businesses and eroding the livelihoods of thousands of citizens; this imbalance of courting external investors while strangling internal economic activity is unsustainable, and with pending union settlements and state obligations looming, the absence of a clearly articulated financing plan raises serious concern that Government may be forced into a mid term budget, increased borrowing, or further taxation, all of which will deepen economic strain unless urgent, transparent, and strategic corrective measures are implemented immediately.
Gordon Laughlin
Westmoorings
