Peter's New Covenant Budget - In Focus - Jamaica Gleaner - Sunday | May 27, 2012: "The Austerity Apostle Peter presented his 'New Covenant' Budget to the nation last Thursday, doing his daredevil walking-on-water feat, while keeping his eyes fixed on his Master and Saviour, the International Monetary Fund (IMF).
"Mr Speaker, the best gift that this Parliament can give Jamaica in this 50th year of Independence is a new and binding covenant with the people of Jamaica ... to achieve fiscal consolidation and debt sustainability." There was enough irony to go around as Finance Minister Dr Peter Phillips gave his maiden Budget presentation. There was Dr Phillips, former socialist, renouncing Old Covenant socialism and chastising the traditionally right-wing Jamaica Labour Party (JLP) for not faithfully following the dictates of the IMF; engendering a trust deficit-sacrilege. It was now the People's National Party's (PNP) task to repair the breach of trust with this noble institution, as "our relationship with the IMF stands at the centre of our economic recovery programme"."
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Sunday, May 27, 2012
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