BEMA welcomes Budget theme

Given the current state of the economy from our perspective as Industry, we find this theme to be appropriate and relevant to the realities of our economy. The manufacturing sector has massive potential and is already capable of creating meaningful and sustainable employment in the short to long-term and we are appreciative of the fact that the Budget Speech addresses this issue. 

The Honourable Minister re-iterated that “it’s important to clarify that Government’s  major role is not to create jobs directly, but to provide a conducive macroeconomic environment to facilitate the development of the private sector”. We concur with these sentiments with the hope that the focus from the point of view of Government will be on creating a business environment that will be a catalyst to economic growth driven by the private sector.