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Fri 16th Oct 2015

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14 years of Gonsalves’ and Eustace’s gross incompetence has killed SVG economy

In SVG, we are experiencing the worst period of gross incompetence in the management of the public accounts in living memory.

Gonsalves’ and Eustace’s gross incompetence in managing the public accounts has virtually killed the SVG economy and is causing much pain, hardship and suffering for our people. Many businesses have been forced to close down and this is pushing up the level of unemployment and crime in our country.

It is time for Gonsalves and Eustace to resign and go home on permanent leave.

Gonsalves is not a university graduate in accounting and finance and has shown that he is hopeless and seriously out of his depth as the SVG Minister of Finance. He has been useless in managing the public accounts. The Director of Audit failed Gonsalves on the audit of public accounts for 2008, 2009 and 2010.

Eustace, also, is not a university graduate in accounting and finance and has shown that he is hopeless and seriously out of his depth as the Leader of the Opposition. As Leader of the Opposition, Eustace is meant to run the Public Accounts Committee (PAC) and scrutinise government spending. He is meant to be holding the government to account and making sure that the public accounts are managed properly.

Eustace has failed to run the PAC and failed to properly scrutinise government spending. His failure has meant that the ULP regime has been free to poorly manage the public accounts and be wasteful with taxpayers’ money.

In terms of managing the public accounts, we have a unique situation in our country, in which the blind is leading the blind in our Parliament. There is gross financial incompetence on both sides of the House of Assembly and the consequence is our economy being devastated.

The only difference between the ULP regime and the NDP regime is the colour of their Tshirt. In terms of managing the SVG economy, Gonsalves and Eustace are beggars. All Gonsalves and Eustace have to offer our country is the old-style approach, with the focus on tourism.

The Leader of SVG Green Party, Mr Ivan O’Neal, has a BSc (Hons.) degree in Accounting and Finance from Oxford Brookes University, England, a Master of Science degree in Macro Economics, Policy and Planning from Bradford University, England and a Masters degree in Business Administration from Leicester University, England.

Mr Ivan O’Neal believes that for our country to move forward and create a strong economy and thousands of new jobs, we need a high level of financial competence. We have to design a new economic model for SVG, with a high level of competence in the management of our country’s indigenous resources and our country’s finances.

Public funds must be used properly and invested in projects that bring a good financial return for the SVG Treasury. No more wastage of taxpayers’ money on dead projects.

Firstly, we have to profile the SVG economy to truly establish the strengths, weaknesses, opportunities and threats to SVG economy and then modernise the economy in a way that enhances its strengths and areas of opportunities, and neutralises the weaknesses and threats to the economy.

We should focus on the areas that offer a high yield in revenue and job creation, such as a billion dollar tuna-fishing and canning industry. This industry will give a high yield on the capital invested, creating thousands of new jobs and a large amount of revenue for the SVG Treasury.

We need to modernise our infrastructure and build our own science and technology university and set up a national, free wireless internet service. We should prioritise high quality education and technology.

Gonsalves and Eustace are financially incompetent and have nothing new to offer our people. They preach tourism, but this generally provides seasonal, low pay work. A Green government will bring sustainable, long-term, higher-pay jobs. Our economic model will create revenue and thousands of new jobs and increase exports.

Vote Green Party.

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