Editorial: Obvious weaknessPOSTED: 07/27/15 7:10 PM
Emil Lee, policy advisor to the Democratic Party faction in parliament has pointed out an obvious weakness in the governing program. He does not see any initiative to stimulate the economy.
That is in Lee’s view – and many will agree with him – key to the development of the country.
It is attractive to announce all kinds of grandiose plans, but the bottom line remains a sufficient supply of revenue to make these things happen and to make them affordable.
With its fledgling tax inspectorate and shaky financial management, St. Maarten is not going to cut it. We could of course point to the numbers and say that our economy is outperforming Curacao. That may be so, but where is the additional tax revenue that should accompany these happy numbers?
Stimulating the economy may be important, but collecting the fruit from economic growth is absolutely imperative.