IMF Budgets a Strong Retrenchment for Fiscal Year 2012-13
According to the Parliamentary Representative of Roseau Central Mr. Norris Prevost, on November 7th 2012, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with the Government of Dominica.
Mr. Prevost says in the report it stated that, “with fiscal policies reaching the limits of their ability to support economic activity, the authorities have budgeted a strong retrenchment for fiscal year 2012-13.
He added that he is concerned that the Government has not brought this to the attention of the Unions since they have been negotiating and the Unions have reduced their demands from 7 percent to 1 percent.
Mr. Prevost says he would like to know why the Government have not communicated this to the Unions because their employees are the ones that will be affected.
He added that if the economy is at a state where the Government is not able to pay their workers, then they should let their workers know.
Mr. Prevost says there is no point announcing it to the IMF and not the Unions.
He also said that facts have shown that the economy is declining.
Mr. Prevost hopes that the Government will be committed to putting their workers first as well as managing the economy the correct way.