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Some $75.8m in unplanned COVID-19 assistance and previous lockdowns have forced the Government to target $200m in extra spending cuts over the next six months, it was revealed yesterday.
Senator Kwasi Thompson, the newly-appointed minister of state for finance, told the Senate that the Minnis administration is aiming to slash $100m apiece from both its capital and recurrent (fixed cost) spending after 2020-2021 first quarter revenues came in $68m below projections while spending soared.
Explaining that the cuts were essential to keep the Government on track for a record $1.327bn deficit, as forecast in the May Budget, Mr Thompson pledged: For the remainder of this fiscal year and over the immediate term, the Government will seek to maintain its current budget deficit target of no more than $1.3bn.
Colorado grocery store workers ask for reinstated hazard pay
Colorado grocery store workers with King Soopers and Safeway say a $2.00/hourly hazard pay needs to be reinstated. Companies stopped paying the added wage in May.
and last updated 2020-12-16 18:38:09-05
COLORADO â In the last month, Colorado has seen an increase in hospitalizations and cases surge in the COVID-19 pandemic. While many businesses face restrictions grocery store workers in the state say their employers aren t doing enough to keep them safe.
Members of the United Food and Commercial Workers Union Local 7 are calling on its employers King Soopers (Kroger owned) and Albertsons/Safeway stores to reinstate a hazard pay of $2.00 an hour that stopped in May.
NEAR the beginning of the COVID-19 pandemic, Prime Minister Dr Hubert Minnis presciently convened a National Economic Recovery Committee (ERC). The ERC was charged with offering his administration recommendations to help the country’s recovery during and after the pandemic.
The pandemic led to the worst downturn since the Great Depression, causing the collapse of tourism, record unemployment, the unprecedented slashing of government revenue, the need to feed approximately 100,000 Bahamians on a regular basis and other massive economic and social dislocation.
The committee, co-chaired by Financial Secretary Marlon Johnson and noted businessman Ken Kerr, was designed as a public-private committee to offer advice on economic reform and recovery measures during the worst public health crisis in a century.