Fri 17th Feb 2017
The 2017 Budget Estimates is a kick in the face for the local population by the ULP regime. The super-rich of Mustique and Canouan and Taiwan still do not pay one dollar in tax or customs duty under the 2017 Budget. The local black population is being pushed down with a heavy tax burden in to poverty and squalor. Is this not a crime against humanity?
A terrible part of the SVG 2017 Budget is the capital expenditure on education which is only EC$7.7 million. The United Nations requested third world countries to invest at least 20% of their annual budget in education. The Budget 2017 is EC$976.7 million, but with only EC$7.7 million being spent on education, this equates to only 0.78%.
In contrast, we have been told that over EC$20 million will be wasted on Argyle airport a year just to keep it open and over EC$5 million will be paid this year to foreign airlines to beg them to fly to SVG. The education of SVG’s children is seriously underfunded.
About 99% of the population of SVG is black. Yet, it is the super-rich white that get tax exemptions. They should pay their tax and customs duty or pack their bags and go back to where they come from.
The SVG Budget 2017 has a massive Fiscal Deficit. Recurrent expenditure is EC$747.2m and Current Revenue is EC$590.7m. This equates to a Fiscal Deficit of EC$156.5 m. However, the Capital Expenditure of EC$229.5m is financed by loans of EC$158.4 million, therefore the total Fiscal Deficits on 2017 Budget is EC$156.5m + EC$158.4m = EC$314.9m. This means that 32.25% of the 2017 Budget is a deficit.
The Leader of SVG Green Party, Ivan O’Neal BSc (Hons) MSc, MBA, has a degree in Accounting and Finance Oxford Brookes University, England and believes that the SVG 2017 Budget is a kiss on the lips for the White Migrants of Mustique and Canouan and the Dirty Dog Taiwan. These parasites are sucking the blood out of the SVG economy.
For the year 2017, it is conservatively estimated that the White Migrants of Mustique and Canouan and the dirty Dog Taiwan will be granted about EC$2 billion in tax exemptions.
For the years 2008, 2009 and 2010, the SVG Minister of Finance grossly failed the Audit of Public Accounts.
The Native Black people of Canouan have had hundreds of acres of their Crown Lands sold to White Migrants. The Black Natives of Canouan have been squashed into a corner. The deceptive scheme of Fiscal Deficits falsely creates the need to sell hundred of acres of crown lands in Canouan and elsewhere in SVG to White Migrants.
According to the Leader of SVG Green Party, Ivan O’Neal a Macro Economist, the high Fiscal Deficit will perpetuate high levels of poverty, inequality, hunger, unemployment, crime and squalor throughout our country.
There should be a fair tax system in SVG to narrow the gap of inequality and to alleviate hunger in our country. There are too many vagrants sleeping rough on the foot paths in Kingstown, while the super-rich White Migrants and the Dirty Dog Taiwan do not pay one in dollar tax. This is a crime against humanity.