Money spent here

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Re: P.M. blasts the Samoa Observer 

Apart from the schoolboy name calling and usual demeaning attitude, for the first time I can remember, I almost agree with the PM.

S.N.P.F funds need to be loaned out as a means of generating return for the contributors. In these cases, they invested in development projects taking place in Samoa, by foreign companies.

I don’t see the issue, as the money is being spent here and should generate jobs for locals and tax revenue for the government. It seems like a win all round.

So long as the loan is secured in such a way that the fund won’t be left holding a bad debt if the projects fail, it is probably a good thing for the fund to invest in.

 

Kevin Hartin

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