Gov't Urged: 'Privatise as Many Assets as You Can'

Mon, Sep 5th 2011, 11:00 PM

THE BAHAMAS has been urged to "privatise as many parts of government as possible", a leading accountant also calling on the Ingraham administration to reform the "unsustainable" civil service pension scheme.

Raymond Winder, managing partner at Deloitte & Touche (Bahamas), told Tribune Business that apart from better revenue enforcement the Bahamas also needed to target the spending side of government, describing unfunded civil service pension liabilities as "a sore that will eat away" at investment in public infrastructure projects.

Calling on the Government to employ more civil servants on a contract, rather than permanent, ba ...

By NEIL HARTNELL
Tribune Business Editor

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