And like we said, a central component of that home grown plan is the pay cut and increment freeze for teachers and public officers, which will realise savings of 80 million dollars.
And, to hear Coye tell is, there's just no putting the toothpaste back into he tube when it comes to the pay cut:
Christopher Coye, Minister of State, Ministry of Finance
"The salary adjustment for this fiscal year is part of that fiscal recovery plan and its part of getting to a level of fiscal balance over a period of 3 fiscal years. One year doesn't do the job. We are in such deeper hole that it will take a while to dig ourselves out."
Jules Vasquez, reporter
"So that makes it irreversible, it has to go on as it has been programmed, as it has been written in the budget, as it has been passed by the parliament - because there are those in the union who feel that the government has the power to reverse it. But what you are saying is that we have a program and the program is that the cuts go into effect. That is irreversible, am I right?"
Christopher Coye, Minister of State, Ministry of Finance
"The budget has been passed."
