We’ve been told all our lives that “a picture paints a thousand words” and I came across a graph showing the spending, income and debt of the US and I thought it would be neat to prepare one for these figures for The Bahamas.
Turns out it’s not fun. It’s cause for concern. No, not concern. Alarm!
Of course the defenders of big government will suggest government spending is what creates economic growth. Yes, they’ll say that in spite of all the economic indicators proving otherwise.
No economic improvement. No improvement in education. Crumbling pubic infrastructure. The list can go on and on, but I think you get my drift?
One proviso. The numbers from 1991 to 2012 were provided by The Central Bank of The Bahamas, while the numbers from 2013 to 2016 are taken from various sources.
I’ve asked The Central Bank if they can update the numbers and include the VAT revenue.
If anyone reading this can help with that it would be appreciated.
All these numbers are headed in the wrong direction yet the status quo continues with the government.