{"id":8867,"date":"2011-05-25T08:19:48","date_gmt":"2011-05-25T12:19:48","guid":{"rendered":"http:\/\/www.bahamasb2b.com\/news\/?p=8867"},"modified":"2011-05-25T08:19:48","modified_gmt":"2011-05-25T12:19:48","slug":"planned-deficit-announcement-expected","status":"publish","type":"post","link":"https:\/\/www.bahamasb2b.com\/news\/2011\/05\/planned-deficit-announcement-expected","title":{"rendered":"&#8216;Planned Deficit&#8217; Announcement Expected"},"content":{"rendered":"<p>The government is likely to announce a &#8220;planned deficit&#8221; when it presents the new Budget in the House of Assembly tomorrow, said local analyst James Smith, former Minister of State for Finance.<\/p>\n<p>Mr Smith said he did not expect any &#8220;dramatic changes or announcements&#8221;, based on the fact a great deal of the budget is &#8220;predetermined.&#8221; He said the planned deficit could be as much as 3.5 to four per cent of the county&#8217;s gross domestic product (GDP).<\/p>\n<p>Fifty-five per cent to 60 per cent of the government&#8217;s budget goes towards salaries, wages and other recurrent expenditures. Unless there is a policy change with respect to public servants, Mr Smith said the allocation can be expected to hold firm.<\/p>\n<p>According to union leaders, there will be good news in the budget for the civil service.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Former Minister of State for Finance says the government will likely announce a &#8220;planned deficit&#8221; when presenting the new Budget in the House of Assembly.<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10223285771444175_51037792744":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[5],"tags":[29,98,40],"class_list":["post-8867","post","type-post","status-publish","format-standard","hentry","category-politics","tag-economy","tag-financial","tag-government"],"_links":{"self":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/8867","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/comments?post=8867"}],"version-history":[{"count":0,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/8867\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/media?parent=8867"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/categories?post=8867"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/tags?post=8867"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}