But "the elephant in the room", government's blissfull spending, still exists.
Earlier this week, Chief Councillor for the Hope Town District Council, Mr. Jeremy Sweeting, was advised their budget would be slashed 27% in wake of the governments fiscal problems, but according to this story in the Nassau Guardian of July 26, 2013 the council was told the 27% reduction was a typographical error and the cut was not that high.
They await the formal letter of confirmation to this effect and details of what the reduction actually is.
Mr. Sweeting acknowledged that they were expecting a cut because of the bad economy, but not to that extent.
So on the one hand I'm glad to see the government attempt to reign some of their spending in this area, but the cuts need not be irrational.
If government spending was kept at last years levels for the next five years, with any economic growth at all, things would start to level out as shown in other countries.
Other areas that need focused attention where savings might be had are: Travel, entertainment, embassies/foreign offices, Manufacturing incentives, rent and utility usage from all vendors (straw, fish, fruit, vegetable etc). And these few areas are simply starting points, but would probably yield astounding reductions in spending.
So far it seems only business and taxpayers are the one's doing any serious belt tightening. It's time for the government to lead the way.
Based on the present examples of spending gone amok, we're in for a long tough ride.
