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We Need Balance Sheet-Commentary
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We Need Balance Sheet-Commentary
We Need Balance Sheet
By Sarjo Bayang
In society, some people are liabilities. Other people are assets. It counts
on how much or less resourceful a person proves to be. To determine how less
a liability and how much of an asset various members of the wider society we
all are, we need Balance Sheet to ascertain the net worth of each according
what we consume and how much we each produce to keep society going. From
individual level the interest to measure society's networth can be extended
to public and private establishments that exist within the wider
socio-political and economic environment known as the state aparatus. This
is most essential at a time when Gambians are getting ready to cast votes in
deciding who is to be handed the master keys to operate our national economy
and the super system of government.
Balance Sheet is generally associated with business life. On wider scale
every person needs a Balance Sheet to measure our net worth at regular
intervals. The way you check your blood level is the same way you need to
check your life worth. As balanced blood level is preferred for healthy
life so also is a balanced economic, social, and political order can be
preferred for safe and decent society.
To appreciate the need for Balance Sheet we simply recall the instrumental
nature of this accounting document. Balance Sheet is more about summarising
what an establishment (individual) owns and what is owed to others. What is
owned being classified as ASSETS and what is owed as LIABILITIES. In the
real business world, it is a tool required to measure the net worth of an
establishment at start of business, during a business period, and also
preferred at end of business period. Who in this world would not want to
measure how much you worth at different stages of life ? While we all prefer
to associate with wanting to know how much we worth as individuals, the
truth is that only few among us ever bother to pay any attention to how life
unfolds. We only care to fill our pockets our racks, our shelves, and our
cases. Very few people in life take serious stock of life and a smaller
number out of this few ever document at all. Each person is an established
entity of different networth. Some people may be recognised for greater
gross worth based on their material and financial possession under the eyes
of society. When you take a closer look and set out all the liabilities
against their assets, an amazing big picture of a negative net worth may be
your final account of things.
We are now at a point in time where every Gambian needs to know what the net
worth of our little coastal country stands at. There is no better moment
than now when election time fast approaches. Let the current government
produce a Balance Sheet to let the population know how much we worth as a
nation. This can help voters make informed decision after knowing what we
worth. It is not enough to boost the image of our economy by colourful false
accounts as corrupt governments often do in winning donor support. This time
it is the population that wants to what assets and liabilities we bank on as
a nation.
On the side of other political parties seeking a mandate, they too are under
similar obligation to produce what may be taken as proforma Balance Sheet.
Assuming that you are about to inherit a deep drowned economic liability by
the end of this year's polls, show the population how you plan to improve
the ecnonomy from whatever obtains.
A government, its public servants, ministers, and head of state can either
be assets or liabilities depending on what they prove as net worth of their
exsitence. It takes public resources to sustain the finances and materials
used by those in public positions. Where public office holders including
heads of states and cabinet ministers produce more than what it takes to
keep them, they can be seen as being resourceful. Where it takes more to
sustain them than what they contribute in their roles, they are simply
unresourceful and better classified as liabilities. In deciding who and
which political grouping is to handle the master key of our financial and
material resources, we need a Balance Sheet to determine what we worth in
the hands of such people. If the current government fails to produce a
Balance Sheet for the population to debate over before elections, then they
do not worth a vote. This is different from a colourful Annual Budget which
is nothing but a bunch of spring flowers for decorations. Let us as a nation
demand a Balance Sheet to determine the net worth of not just our super
system but also the responsible custodians of our nation's master key that
operates both the economy and the political super system. Without a Balance
Sheet we run the risk of living a life and not checking our blood levels at
required intervals. Gambia as a nation cannot be trusted in the hands of
people who only seek to enrich themselves and will not let us know what our
net worth is. We Need Balance.
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Posted on Saturday, July 15, 2006 (Archive on Friday, July 28, 2006)
Posted by PNMBAI Contributed by PNMBAI
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