I think Premier McKeeva Bush’s announcement
that the Cayman Islands legislators will take a 20 per cent pay reduction and
Mr. Bush himself a 25 per cent pay cut is a bold move. It sends a strong signal
that the government is serious about reducing expenditures.
It is further noted that elected
members would also have to pay half their health insurance premiums.
With this move, Mr. Bush suggested
that certain government workers should also take pay cuts and likewise
contribute to their insurance premiums. This might be a hard pill to swallow by
those affected. However, there doesn’t seem to be a choice in the matter as Mr.
Bush said that he will not take no for an answer.
Well, it is said that when the
going gets tough, the tough get going and everyone has to tighten his or belt
during these harsh economic times.
To his credit, Mr. Bush said that
when the economy and government finances improve, the changes put forth will be
The government must also do
everything in its powers to closely examine all its projects and programmes to
eliminate waste and ensure expenditures are completely justifiable.