On Tuesday 8th May 2012, the Hon. Prime Minister presented further details of the Budget for the year 2012-13. One must agree that it was an informative presentation with varied and incisive policy positions on the economy. As we say locally we can ‘ christen’ the budget as The Construction Budget, as the core policy is to use the construction sector as the avenue for economic growth. Before commentary is presented on the specifics, it is instructive to review some of the issues raised in the presentation. The Prime Minister presented four crucial matters facing the country: 1. Rising Debt levels 2. Recurrent expenditure outstripping revenue 3. Need to stimulate the economy 4. Job creation There is indeed an interrelationship among the above four matters. A stagnant economy will result in reduced revenue to the Government. There will be need to borrow to stimulate the economy,...