Saturday, April 24, 2010

MID TERM FOR THE UDP GOVERNMENT IN BELIZE, DOESN'T LOOK GOOD?

MID TERM FOR UDP GOVERNMENT – WHERE DO THEY GO FROM HERE?

Well the dust from the first two years of UDP management has settled. They have proven they can spend money wisely and managed well. That is on the CREDIT SIDE. On the down side, they did it by increasing the NATIONAL DEBT TO GDP RATIO from 76% of GDP to 107% of GDP and Barrow has announced plans to increase the national debt to 110 % of GDP or more?
While I applaud the way they have managed money, I certainly don’t think it is the deciding factor, as by EU rules, they were only allowed to borrow up to 3% of GDP in the best of times and they borrowed 31% of GDP so far to date. That is 28% more borrowing than they were allowed, to provide good governance. The rest of the good governance was meant to come from imagination, innovation, re-structuring and so forth. This they have failed miserably in.
That means their leadership is poor. Their fiscal and government management policies bankrupt.
As a SWING VOTER I certainly feel more comfortable under the current ambience and atmosphere of UDP governance. The smell, smoke and overwhelming sense of PUP corruption is more or less gone. The management and size of government organization as we know by the COST, leaves me in HORROR! A feeling of being a RAPE VICTIM.
We have roughly $650 million a year to run this country and the UDP cannot do it, so far. Musa in his last five years did it with severe austerity true, but he did it and reduced his early first term mistakes from 127% of GDP debt ratio to 76% of GDP when the UDP took over.
On weighing the results, I have to say I’m definitely leaning toward the PUP for the next election. Unless BARROW can show the leadership necessary to make our nation self sufficient financially, he is going to have to go. It’s a case of the LEAST perilous party to our economy and life blood.
So where do the UDP go from here? That is the question and they have two years to do it.

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