Imbert, the magician of finance


Letters to the Editor

Minister of Finance Colm Imbert – ROGER JACOB

THE EDITOR: Finance Minister Colm Imbert uses numbers to bolster every argument he wants to make, at some point, then conveniently forgets what he said.

On September 26, he presented the budget for fiscal year 2023. He estimated total revenue at $56.175 billion and total expenditure at $57.685 billion. This means that he presented a budget with a deficit of 1.510 billion dollars.

On October 4, I heard Imbert say, in Parliament, between 6:00 and 6:45 p.m., that the deficit was $2.4 billion. I wrote it down on a piece of paper because today’s Hansard was not yet available online.

He just casually threw it away, almost as if he believed no one would take it.

In one week, the 2023 budget deficit increased by just under $900 million, with no corresponding change in revenue or expenditure figures.

Is it engineering math, accounting math, economic math, petroleum math, legal math, or complementary math?

Why does Imbert have to fool people like that? How can a deficit increase so much in one week without any explanation from the Minister of Finance?

This is not the first time that Imbert has “finagled” numbers and got away with it.

Incredibly, no member of the opposition disputed this figure. We are not surprised.

Hopefully Imbert will clarify the real deficit figure for fiscal year 2023, because the public deserves to know the truth.


Mount Hope


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