Today’s Editorial: Making good use of time

POSTED: 05/27/11 1:56 PM

Finance Minister Hiro Shigemoto has told parliament that most of the seven ministries have begun preparing their contributions for the 2012 budget. That is good news considering that two budgets in a row – 2010 and 2011 – were approved well into the year of their implementation and has affected the government’s ability to meet its policy commitments in a particular year.
The fact that preparation has already begun will also allow for a debate where all parties that will be affected by the proposed measures can review them and ensure that the right choices are made for the coming year. It will also give key bodies like the Socio-Economic Council (SER), the Council of Advice and the Board of financial supervision (Cft) the due time to offer their advice and for government to adjust things if and where necessary. From there Parliament will be able to make its final approval and allow for the government to carry on with the people’s business unencumbered, by discussion on whether they got it right or wrong.
What people should take note of however is the statement that there will still not be a great amount of flexibility in the 2012 budget. That means there is likely to be very little, if any, new policy, very few, if any pay rises, or nice goodies in that financial year, signaling that the island is still just about staying afloat and not ready to dive in the deep end of countryhood.
What is important in the coming period is that all parties make good use of their time and carefully craft out what they will do next year in order to improve the lives of the people living in our friendly country and adequately welcoming those who come to visit our shores.

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