Senior counsel praises 2015/16 National Budget

first_imgLocalNews Senior counsel praises 2015/16 National Budget by: – July 27, 2015 203 Views no discussions Share Tweet Sharecenter_img Senior Counsel, Anthony Astaphan (file photo)Senior Counsel Anthony Astaphan says that the 2015/16 budget put forward by Prime Minister Roosevelt Minister of Finance is very realistic and practical. Speaking with Dominica Vibes on Monday 27 July 2015 Mr Astaphan said the budget will greatly impact the income base of the private sector.“I think for the first time we have a budget that has targeted specific areas of the private sector with major concessions which will have the impact of expanding the revenue base and production base of the private sector in a variety of fields including agriculture, tourism, and the development of specific projects like villas,” Mr Astaphan stated.Meanwhile, he also commented on the response of the budget by Leader of the Opposition Lennox Linton.“Mr Linton spoke about the Gross Domestic figures and GDP figures of the respective countries, but you don’t do that for a comparison because the GDP figures indicates the individual sizes of the respective communities,” he said.“You have to look at the question of per capita income of the respective countries. Mr Linton never mentioned the words per capita income at all, why is that? That’s because last year the World Bank issued a statement indicating that Dominica has the 6th best rate of per capita income in the CARICOM, and came from last place sometime ago,” Mr Linton said.Mr Astaphan added that when Mr Linton speaks of Dominica as having the slowest rate of economic growth, this is untrue since the ECCB’s report over the last ten years indicated that Dominica has one of the best average rates of economic growth in the OECS.“What he does not say and haven’t said is that the IMF indicated one of the main reasons why Dominica was able to withstand the ravages of the international meltdown was because of the prudent measure that had been put in place by the government following the IMF restructuring program,” he stated.He added that Mr Linton speaks repeatedly of escalating poverty but the Caribbean Development Bank experts have recently reported that Dominica has the most significant reduction in unemployment and poverty in the OECS. “What he has in this budget reply is recycled lies to give the impression of a collapsing economy to fit what the United Workers Party was saying during the election and it is entirely false,” he said. Share Sharing is caring!last_img

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