Providenciales, Turks and Caicos Islands – The Progressive National Party (PNP) Government, led by Premier Honourable Charles Washington Misick, remains steadfast in its commitment to responsible governance and delivering sustainable solutions for the people of the Turks and Caicos Islands. Recent assertions by Opposition Leader Honourable Edwin Astwood, promising three annual stimulus payments if elected, lack both historical precedent and economic feasibility.

Understanding Stimulus Payments. Stimulus payments are strategic interventions employed during periods of significant economic distress. Their implementation requires specific fiscal conditions – ones that cannot be predetermined with certainty – including budget surpluses or identified funding sources that do not compromise essential services or impose additional burdens on taxpayers. The Opposition has not provided a viable plan detailing how such frequent payments would be financed without resorting to increased taxes or cuts to critical services. As these instruments are dependent on various circumstances,

“Stimulus packages are not political tools; they are carefully considered measures designed to provide relief during exceptional circumstances,” stated Premier Misick. “Our government’s track record reflects our dedication to addressing the needs of our citizens while maintaining economic stability.”

A Proven Record. The PNP Government has consistently implemented policies aimed at enhancing the economic well-being of Turks and Caicos Islanders. Key initiatives include:

• Targeted Cost of Living Relief:
  • Stimulus Payments: Since February 2021, the PNP has issued three stimulus/relief packages to eligible citizens equaling $45 million. The upcoming fourth payment underscores the government’s ongoing commitment to supporting households amid rising costs and will amount to over $50 million in payouts to the people of these islands.
  • Electricity Subsidies: We allocated $5 million between October and December 2022 to subsidize electricity costs, mitigating the impact of global fuel price increases.
• Economic Empowerment:
  • MSME Support: Grants for Micro, Small, and Medium Enterprises (MSMEs) were increased to $50,000, supporting over 200 local businesses in the past year alone.
  • Customs Processing Fee Reduction: The Customs Processing Fee was reduced from 7.5% to 5%, and eliminated it entirely on breadbasket items, ensuring essential goods remain affordable.
  • Duty-Free Allowance Increase: The duty-free allowance for residents importing personal goods was raised to $1,000, easing the financial burden on families.
• Support for Vulnerable Populations:
  • Pension Increases: We implemented a 10% increase in National Insurance Board (NIB) pensions, enhancing financial security for retirees.
  • Welfare Program Expansion: We expanded welfare programs, including home help, juvenile care, and welfare grants, to provide comprehensive support to those in need.
  • Foster Care Stipend Increase: We raised the foster care stipend to $1,500 per month, ensuring adequate support for children in care.
  • Financial Assistance Program for the Elderly: We launched a program increasing assistance to $1,000 per month to all senior citizens, ensuring they can meet their basic needs with dignity.
• Investments in Education and Workforce:
  • Free Tuition: Free tuition has been introduced at theTurks and Caicos Islands Community College (TCICC), making higher education accessible to all citizens.
  • Access to Employment: A paid Apprenticeship Program was instituted to provide immediate employment opportunities to our returning students.
  • Public Service Salary Increases: We implemented the largest Civil Servants pay raise in the country’s history at $18 million in December 2023, with salary increases ranging from 10% to 50%, including significant raises for frontline officers and educators.
  • Free Daycare and After-School Programs: We established programs to support working families, ensuring children have access to free daycare, and safe, enriching environments beyond school hours.

The Opposition’s Track Record. During their tenure, the People’s Democratic Movement (PDM) failed to implement substantial, long-term solutions to address the cost of living or provide meaningful economic relief. They executed a stimulus relief package that most citizens were not eligible to apply for. Their current promises lack credibility, given the absence of a clear, actionable plan. Turks and Caicos Islanders deserve leadership that offers more than political rhetoric.

The PNP Government’s recently announced Cost of Living Relief package to be distributed before Christmas 2024, is a testament to its proactive and compassionate approach. Each eligible citizen will receive $1,000, providing immediate support during these challenging times.

“Our government has a proven track record of standing with our people, not just in words but in actions,” affirmed Premier Misick. “We act decisively, not recklessly, because we understand the responsibility that comes with governing.”

The PNP remains focused on building a resilient, self-sustaining economy that addresses the root causes of high costs while supporting citizens during challenging times. Honourable Astwood’s unrealistic promises serve as a reminder of the importance of leadership rooted in integrity, realism, and action.

As Premier Misick eloquently stated, “Leadership is not about making empty promises; it’s about delivering meaningful change. The people of the Turks and Caicos Islands deserve nothing less.”