EDITIORAL
The
admittance from the Ministry of Finance about its poor intake
from the controversial National Reconstruction Levy (NRL) is not
unexpected.
The performance of this "income tax" is on par with
the reality of the economy at this point in time. The government
as one of the major players in economic activities has sent out
a clear and unmistakable message that everything now is all about
the 2007 Cricket World Cup.
The people are being told indirectly and in a very subtle manner
that they have to understand that they need to wait while government
puts everything in place for this international event to be held
in the first half of next year.
Things are getting harder and harder each and every passing day
for our people. The construction industry, which has been the
driving force of the economy since the passage of Hurricanes Ivan
and Emily has taken a serious nosedive due to the cement shortage
on the island.
Hundreds of industry workers have been laid off as a number of
construction projects have halted due to a shortage of cement.
And the cost of doing these projects have also risen significantly
due to the tremendous increase in the price for cement.
Even some hardware stores have been forced to lay-off workers
that were taken on the job to lend a hand due to the slow-down
in the construction industry.
And the tourism sector is not doing much better at the moment
as can be seen from the many empty seats on a nightly basis at
most of the nation's major eating places.
There is a big cruise ship terminal in the heart of the city and
nothing is going on there at the moment. This is the off-season
and not one cruise ship is visiting unlike the situation which
exist in some other Caribbean islands where ships make regular
calls on a weekly basis.
What is the "visionary leader" doing about the situation?
We can recall the biblical saying: "Where there is no vision,
the people perish".
The New National Party (NNP) as a government has been in office
for the past eleven years and it is quite evident that it is clearly
lacking an action plan to deal with the current economic and financial
situation facing the country.
The economy has just about come to a halt with the powers-that-be
placing all their bets on a miracle to happen after the Cricket
World Cup.
And our real fear is that the political directorate is not telling
the people the truth about the financial implications involved
in hosting matches at the Sporting Stadium that is being rebuilt
at Queen's Park by the Chinese.
We have been hearing reports about certain unbudgeted expenditure
that would have to materialise in order to host these very games
on the island. The information reaching us is that the government
would have to look for another 2.5 million U.S to hire a helicopter
company to be on the ground to provide quick transportation to
players who might get seriously injured in practice matches at
either Progress Park in St. Andrew's or La Sagesse in St. David's.
The experts are suggesting that it would be unwise to expect to
have an ambulance transport one of these international cricketers
like Sachin Tendulkar or Flintoff for the 30-45 minute drive from
one of these venue to the St. George's General Hospital to receive
the much needed modern treatment.
The estimate is that it would cost the island around $250, 000.00
U.S a day for 10 days amounting to roughly US$2.5 million whether
or not there is an injury in order to have such a helicopter company
stationed in Grenada for the games.
Where is this money coming from? Is it Trinidad and Tobago, Cuba,
Venezuela, Mainland China, Japan, the United States, Canada, Britain
or N.I.S? The economic outlook for the country is getting bleaker
and bleaker with each passing day.
There is nothing on the horizon to suggest that the economy is
expanding to the point where it can absorb the thousands of school-leavers
who would be entering the job market at the end of the current
school year.
Most businesses are reporting significant increases in applications
from persons on the hunt for jobs. One businessman who called
this newspaper just over a week ago provided a graphic description
of the situation now prevailing in the country.
He asked for his advertisement to stop running because in a three-day
span he received over 100 calls from mostly young people for one
small job opening that he had within his business.
The lament of the businessman was that something has to give in
the country because Grenada seems to be at a standstill with everything
geared towards the Cricket World Cup. The reality of the situation
is that with or without the world Cup, the country has to go on.
After the World Cup has come and gone, the problems of unemployment
and hopelessness would still remain with us and have to be addressed
in a very serious manner.
The government is not telling us what the plan is to deal with
the existing problems that are confronting us as a people. This
is serious business - the future well being of the people of Grenada,
Carriacou and Petite Martinique are at stake.
The country can no longer wait on promises like the millions of
dollars that Public Utilities Minister Gregory Bowen promised
in the last elections in 2003 from oil finds in Grenadian waters
that would be used to pay off the massive national debt of 1.5
billion dollars due largely to NNP's massive spending spree.