SLP wants full disclosure on Ernst & Young

SLP wants full disclosure on Ernst & Young

Press Release:Over the past few weeks the people of Saint Lucia have been made aware that an accounting firm, Ernst and Young, is heavily involved in shaping economic policy for the Government of Saint Lucia.

First, Ernst and Young was engaged in doing a tax audit for the Government. Reports indicate that Ernst and Young were paid EC$620,000.00 for an exercise of questionable value.

Now, the same firm has been granted a consultancy to help the Government prepare the 2017/2018 Budget. Representatives of the firm attend and participate in budget meetings. To date the people of Saint Lucia have not been told the cost of the services of Ernst and Young.

It is unprecedented for an accounting firm to be so heavily involved in the domestic affairs of a country and a Government. Moreover, the engagement of Ernst and Young says that the UWP regime has no confidence in the public officers in the Ministry of Finance.

Never before has a Government abdicated its responsibility to craft a budget as this Government has done. If the Government wanted help to craft its budget, it could easily have secured the services of the regional agency, CARTAC, at no cost to the people of Saint Lucia.

The Saint Lucia Labour Party calls on the Prime Minister to indicate the cost of the services of retaining Ernst and Young and clarify his relationship with the local representative of Ernst and Young in Saint Lucia.

 

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14 Comments

  1. MAV
    February 21, 2017 at 4:06 pm Reply

    Light is a great disinfectant. Shine the light of transparency on everything.

  2. Donna
    February 21, 2017 at 4:14 pm Reply

    The worst part is all that money is going to Trinidad where E&Y’s head office is. SMH.

  3. Michael
    February 21, 2017 at 4:38 pm Reply

    Hmmm never b4 have we seen such lousiness by any government again Hmmmmmmm

  4. anonymous
    February 21, 2017 at 5:49 pm Reply

    Pure wastage of taxpayers’ money by this administration!

  5. Anonymous
    February 21, 2017 at 6:46 pm Reply

    Choops.

    Have you noticed, the independence spirit is not so vibrant in the people.

    1. Anonymous
      February 21, 2017 at 7:52 pm Reply

      To be honest are we as a black people independent 95 percent of black people work for less than 4;50 an hour they do not own land poor housing poor health care no hospital we can’t feed ourselfs counterfeit drugs from india in the pharmacy whiles the elite capitalist live in cap estate rodney bay and borne terre what we need is a revoulution to drive the so call jews and white people and the capitalist courts with their 45 percent interest rates greedy hoteliers insurance companies and all foreign banks from the landscape of st lucia we need to mobilize to make st lucia BLACK AGAIN POWER TO BLACK PEOPLE after over 400 years of slavery

      .

  6. Anonymous
    February 21, 2017 at 9:14 pm Reply

    Mi soaps!

  7. Anonymous
    February 21, 2017 at 11:35 pm Reply

    The Government can get all the outside help it wants in preparing the Budget, but our interest should be on how the Minister for Finance presents the Budget. We hope he is well schooled in the procedures, including the fact that the Budget is passed through a Motion, the debate on which must be centred on details of expenditure and not on general policy. If the Budget passes, then the next stage calls for a second debate on the “general principles of policy”. And the Minister for Finance must also know that the debate in exclusively on the Estimates of Expenditure, and not on the Enstimates of Revenue and Expenditure. The Constitution, at Section 79(2) calls for debate on expenditure only, not on revenue. So the Government can raise money from any legitimate source, and once it lays both the income and the expenditure before Parliament, the Constitution requires a debate on the expenditure side only, because this is where the people’s money is being spent. The Finance Minister had better seek good advice on procedure, because even if the foreign company helps him to come up with the desired figures, his presentation of the Budget is going to be critical, given that this is his very first Budget and given, too, the errors he seems prone to making in navigating through the House procedures.

  8. wow
    February 22, 2017 at 12:44 am Reply

    I think Ernst and Young were employed to look at the way we do our budget to determine it’s efficiency, not help do it. Also after so many years of lawyers, rapists, taxi drivers, bus drivers doing our budget which proves inadequate and puts us in debt should we not try a different approach and try to determine what’s wrong and what’s the next step going forward to improve? Whether Ernst and Young are the best option I don’t know but atl east we trying to change, improve and do something different.

    1. just asking
      February 22, 2017 at 8:15 am Reply

      i take it that ernst and young have no lawyers, rapists, taxi drives , or bus drivers or former of any of those working for them?

      but i do support your opinion, i just found the part i highlighted trivial

  9. dufficcedangerdome
    February 22, 2017 at 3:59 am Reply

    yup Ey’s head office is definitely in Trinidad. Those god damn trinidadians and ey god damn all the money is going to that place. it should go to the africas at least or the poors.

  10. Anonymous
    February 22, 2017 at 10:57 am Reply

    As long as what is being done is sanctioned by the Constitution, there can be no problem. The only difficulty I see is in the calls by certain people for us to do things “differently” rather than constitutionally. If things are done the same way over and over again, this cannot be a problem as lon as the repetition falls. Within the Constitution. But we should not say “do things differently”, if that means doing these things outside of the parameters established by the Constitution. I hope everyone understand ds the point.

    1. [email protected]
      February 23, 2017 at 9:02 am Reply

      Where is no proof that things will be done differently. It can the same thing done by someone else.

      A lot of money was spent to train Ministers and senior officer, they could have used that training to do things differently.

      Why do they pay Ministry workers and out source their work?

  11. Anon1
    February 23, 2017 at 10:11 am Reply

    Pot calling kettle black.

    When you’ll were in office you’ll didn’t always practice that approach!

    But am in total agreement full TRANSPARENCY ESPECIALLY when you’ll in Government.

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