My Morning Paper- 20th August 2025 – Obeah Economics In Action

It is simply delightful — and I mean truly humbling — to have a prime minister who somehow manages to both be on top of everything while simultaneously knowing everything.
Simply amazing.
So here we are: the Fiscal Responsibility Council (FRC) — a group of professional, independent advisors, mind you, not random Facebook commenters — issues its annual report. They raise very sober, very technical concerns about the government’s fiscal projections. You know, little things like ‘hey guys, maybe your numbers don’t add up’.
And how does our New Day PLP government respond? By essentially saying: ‘No, no, no, don’t listen to those financial experts — listen to us. We’re guided by realism and prudence.’
Fact check: The FRC did in fact flag that pension reform and restructuring state-owned enterprises are necessary if the government expects to hit a surplus target. They also highlighted that in order to meet its own projections, the government would need to magically pull off a nearly $97 million surplus in the last quarter of 2024/2025. Spoiler alert: that’s like promising to drop 30 pounds in the last week of your diet while still ordering conch fritters at Goldies every night.
Now, the government’s statement goes on to pat itself on the back: “We scored very well… we have a clear path to cut debt… we’re compliant with the Public Financial Management Act.” Which is a bit like a student who flunks math but proudly tells you, “but look, my penmanship was excellent!”

Here’s the kicker: the prime minister keeps repeating, “our approach is guided by realism and prudence.” So… what’s he saying about the Fiscal Responsibility Council? That they are not realistic? That they don’t understand the mystical art of PLP Obeah Economics? Because last I checked, when trained financial professionals tell you your projections do not line up, maybe you do not clap back — maybe you listen.

And let’s not forget — this isn’t the first time the PLP has had beef with financial adults in the room. Remember Gowon Bowe? He asked the very simple question: ‘If we’re running deficits, who or what is funding your surplus projections?’ And the government’s response was… silence. Radio silence. Like a politician caught off guard in a campaign debate — “Hey… look, a Junkanoo parade!”

Yes, to be fair, the PLP has had some positives. But most of those were timing: they took office just as the country was reopening after COVID, so economic activity rebounded in spite of them, not because of them. If you ask them to show you a single concrete fiscal initiative that has made life easier for the average working Bahamian — with data, not slogans — good luck. You all be waiting longer than for BPL to restore your power after an island-wide blackout.

At the end of the day, the problem with this PLP government is not that they don’t have experts telling them the truth. They do. The problem is that when experts tell them something they do not want to hear, they attack the experts instead of facing the facts; off with their heads type of vibe.

The PLP doesn’t fail by accident, they fail because, unfortunately… it’s just their nature.

END

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