Dear Editor, I have it on good authority that since recently being severely and publicly castigated, the Public Accounts Committee (PAC), chaired by Montagu MP Hubert Chipman, has been meeting weekly, or perhaps that should be weakly. Their performance as the main oversight body for government spending has to date been deplorable as evidenced by the government having spent more than $200 million in the last three months, increasing their fiscal deficit to more than $400 million, and putting the national debt over the $6 billion mark without any reprove from that august body. The PAC’s ability to function meaningfully has become ever more important particularly in light of the fact that there has been no semblance of fiscal restraint or responsibility shown by this government since taking office and with little expectation of any forthcoming in the future. With the implementation of VAT, it is essential that the PAC carefully scrutinize and make public ALL future government spending in order that this new tax revenue will have the intended effect of reducing the deficit and debt rather than continuing to fund pie in the sky projects, plantations, government-run corporations and bank bail outs. – Ian Mabon
Posted on: Sat, 03 Jan 2015 21:05:50 +0000
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