Posted by: nativeiowan | December 11, 2012

misdirection?

I am compelled to comment on an article in the Solomon Star…

http://solomonstarnews.com/news/national/16668-hou-huge-budget-to-create-more-jobs

This article is originating from Rick Hou. I consider Rick a personal friend and I do respect him, but his tenure as Minister of Finance has eroded that respect.

Do all governments fail to see that you can’t throw money into creating long-term employment without “investing” in a couple things? Namely: education, infrastructure, personal safety and security, security in land tenure…

I have no idea how these so called “economic growth centres” are supposed to help… ” such as the economic growth centres which creates job for the people particularly in rural areas.”.

I fear we are seeing more misdirection that will put large sums of money into the hands of those less than needy and very much less than trustworthy…

Call me a cynic

Hou: Huge budget to create more jobs

Finance Minister Rick Hou has assured to the nation that the budget of $3.6 billion which he introduced in Parliament in his second reading will make a lot of changes to the lives of the people.

He made the statement in a press conference with local reporters in Parliament.The minister said the government is the biggest employer and it plays an important role in the country’s economy.

He said there are significant areas government plays to the private sectors through assistance and implementing of government projects which encourages employment.

The former Governor of Central Bank said another area that has direct impact to the people is implementation of government policies such as the economic growth centres which creates job for the people particularly in rural areas.

The NCRA government is committed to deliver the budget during its implementation period which every government ministries must seriously perform to deliver.

“This government recognise job creation under this budget which would push the economy forward”

He told local media the budget was the biggest ever budget in country’s history.

“My ministry was impressive with the budget because there is no borrowing because its a government fully funded budget.”

 

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