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Sep 2, 2015

P.M. Barrow – Why Would Anyone Count the Cost of EAS Bill?

According to the Prime Minister – faced with such an achievement, it is inconceivable to him that anybody would stop to count the actual financial cost. 

 

Prime Minister Dean Barrow

“But for those who do let me correct the blatant miscalculations, the wrong songs, the mathematical stupidity that I have heard coming from some quarters. The Government of Belize is now paying seventy million dollars for thirty seven percent of the year that is what it comes down to. We acquired seventy we are giving back thirty-three and we are remaining with thirty-seven percent. That together with the SSB shareholding means that the ownership is like sixty-one percent shareholding. But in terms of the particular thirty-seven percent which the government now gets to keep, we are paying seventy million dollars that is the totality of the cash settlement of their claim for compensation. That is it, that’s all, there are no side deals, there is no hidden cost, that’s the modus operands of this government. And every single provision of the settlement deal and legal acquisition are set out as an attachment to the bill we are now debating, for not just members for the entire world to see. But let me return to the mathematics of the settlement. Seventy million dollars for thirty-seven percent of B.E.L. In return for this seventy million, government actually gets a total value of one hundred and thirty one million dollars because that is what thirty-seven percent of B.E.L. was worth according to the audit financial at the close at the 2014 financial year. What’s there not to like? And what’s there not to get?

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1 Response for “P.M. Barrow – Why Would Anyone Count the Cost of EAS Bill?”

  1. Ricky Malthus says:

    Mathematical stupidity ? Barrow go back to school with the youngsters to learn how to count. Come on Barrow, are you that low or stupid or both that you refuse to see the true costs of this deal: the actual costs, the opportunity costs, the imputed costs, the legal costs, the supplemental costs, stamp duties , etc., etc., ? So the world stood still while Barrow went on his misguided , nationalism junket. What manner of person with such a colossal misunderstanding of facts as they relate to this project , could say it was costless and painless? Look how poor Belizeans pay for this political misadventure with excessive taxes, poor electrical distribution systems, excessive fees at CCJ, bad crony mismanagement costing millions of dollars , and so on. Mathematical stupidity? Barrow is so stupid, he thinks his stupidity is logic. How can Barrow say mathematic is stupid? Great umbrage is taken and we expect Barrow to apologize to the world that believes in mathematical logic and precision!!!

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