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Fri 21st Aug 2020

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The ULP Regime has lost its economic direction

According to the Leader of SVG Green Party, Warrant Officer Ivan Bertie O’Neal BSc (hons), MSc, MBA, the highly incompetent and useless ULP Regime has lost its Economic Direction.

Tourism is dead and the E$1.5 billion thrown away on the Argyle Airport, does not give our economy any net income or a positive rate of return. Argyle Airport is without doubt a White Elephant. This is a classic example of the highly incompetent ULP Regime walking in mud without a sense of direction.

SVG is in its worst economic and financial mess in living memory. Tourism is dead, Agriculture is also dead and the SVG 1979 Constitutionally appointed Director of Audit could not get access to the records to the Treasury Accounts.

In one year The Minister of Finance was so chaotic with the in Public Accounts that he overshot the actual Budget by 10 per cent, $63.00 million dollars, without the prior approval of the SVG House of Assembly. (Source Audit Report. Researched by Warrant Officer Ivan Bertie O’Neal BSc(hons), MSc, MBA.)

The ULP Regime took Power in SVG in 2001after the road block, however to date the grossly incompetent ULP Regime has not been able to appoint a Minister of Finance who is a University Graduate in Accounting and Finance. After 19 years in Office, the ULP Regime has not been able to bring a budget with a Fiscal Surplus. It shows a very deep weakness on Finance by the ULP Regime.

According to Warrant Officer Ivan Bertie O’Neal, who spent three years full time at Oxford Brookes University, England, reading for his BSc (hons) in Accounting and Finance and Economics, there are no cash cows at present in the SVG economy. That is a major weakness of the highly incompetent ULP Regime.

We have millions of gallons of high quality water running into the Sea every day. If the ULP regime was revenue-driven, the ULP Regime could have the sale of Water as a major cash cow. It is quite obvious the ULP Regime wants to keep SVG in Poverty and Destitution to hold on to power.

Our country’s economy needs to grow to provide new jobs and a high quality lifestyle for our young generation, but our economy will never grow substantially under the ULP Regime. The blind is leading the Blind with 19 years of Fiscal Deficit. We urgently need to change direction from tourism to free, high-quality education from Pre-School to our own Science and Technology University, driving the growth of small business development and creating an export-driven economy with import substitution.

According to the Leader of SVG Green Party, Warrant Officer Ivan Bertie O’Neal BSc (hons), MSc, MBA, we have to invest in a knowledge-based economy like Singapore offering equal opportunity to all our citizens under an export-driven economy.

We are being misled by the ULP Regime who are highly unqualified and too incompetent to build our nation with wealth and prosperity for our people. Hold the faith and we will achieve a high-quality lifestyle under a Green government.

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