The 2020 National Budget as presented and debated does have its pros and cons

Dear Editor,
The economic outlook is positive, as presented by the unprecedented level of spending. However, some consideration should be given to a zero-sum game, where expenditures do not surpass revenue. This is especially important given the current economic climate and the ongoing negotiations with Exxon.
Some concerns that came to the surface during the debate are primarily in regard to the level of corruption on land deals and the awarding of contracts. Both major parties are pointing fingers at each other, and from a neutral perspective, it does highlight the importance of the Procurement Commission.
Having increased transparency in the workings of this Commission, and having ongoing audits, should aid in ensuring that these important concerns are addressed. The Auditor General’s report will also continue to be important going forward.
One additional concern was the evident extremes taken by the two parties in relation to taxes. Investing ahead of the curve is important to pulling through difficult economic times, in order to ensure better positioning and increased competitiveness when the global economy resumes growth. It would be helpful to have, on the budget, a discussion which highlights the return on investment (ROI) and the payback period on the major revenue-generating projects’ expenditures. A two-year outlook on eliminating the deficit is very acceptable. Three years may be a good consideration, given the state of the economy and the current burden on the healthcare system.
Our condolences go out to those affected by the lack of medication. It was very heartwarming to see the overall passion and love that each Member of Parliament showed for our young country.
Overall, the House does want what is best for our citizens, and the incentives being put in place to boost economic growth and invest in future generations do improve the national psyche.
Congratulations to all Parliamentarians on accelerating the timeline to develop and review what many have been patiently waiting for for the fiscal year.

Best regards,
Jamil Changlee