Now that the miserable Christmas season is over, the mercurial 2013 election year has ended and 2014 just begun, it is a good time to revisit the wrongs of the old and set things right for the New Year. Everyone uses this time of the year to abandon the old ways of the old year and to set new resolutions for the new one.
Apart from all this, huge international companies have found it necessary to recall a product long after it was sold to the customer in an effort to remedy some defect. Toyota, BMW and Procter and Gamble, just to name a few, have all suffered this fate from time to time.
The minister of finance is no exception. The minister should table his first supplemental to the Estimates of Revenue and Expenditure for 2014 and recall sections of his presentation with the twin objective of easing the hardship on the people of Grenada handed down in the ill-advised Budget presented in December 2013 and simultaneously introducing some productive capacity into the economy.
In the dark recess of his presentation and tucked away tactfully in Annex X on page 90 of the presentation showing the allocation of $30.7 million from the PetroCaribe Fund lies the solution to all our current hardship.
What is required at this point is a rearrangement of the current allocation as shown in Annex X to another configuration consistent with the renewed objectives.
Please find below a tabulation of the suggested supplementary presentation.
Some elements within the tabulation above are self-explanatory while others require elaboration.
Consistent with the desire to launch a tourism agency and to statutorize the Government Information Service should be a merger of the two services. Hence the Grenada Tourism Marketing and Information Service. As the name suggests the sole purpose of this quasi-state agency will be to provide information for the marketing and sale of Grenada as a tourism destination.
The government will use the information website and television station as a tool for the distribution of material showcasing all aspects of life in Grenada.
Soon this body can be used to generate sufficient revenue so as to become self-financing and privatized.
The $4 million allocated to alternative energy will form the basis of fund to be augmented from other sources such as grants and loans for the provision of assistance to individuals and small businesses who invest or wish to invest in alternative energy. This will cut consumption, manufacturing and operational cost by as much as 75%. This saving will be passed to the consumer immediately and prices everywhere should fall.
GrenPost is a pooling or resources between the Grenada Postal Corporation and the Government Printery. For those who do not see the immediate synergy please examine the historical development of FedEx-Kinko. This new organization will form the basis for Grenada sustainable thrust into the modern movement of data and packaged information. This area continues to be a fascinating combination of human ability and machinery strength using modern innovation ranging from cloud computing storage of data to Amazon’s experimental door to door delivery of packages by drones and driverless machines.
After all this is done and properly executed there still remains another $5.7 million to pour down the drain in unbridled slackness. Surely this reallocation of resources must be superior to that presented to the House of Representatives in December 2013.
Garvey Louison FCCA