Deficit situation not good

Prior to 2008, there were only five occasions where Barbados spent more than it earned.

Mia Mottley, Leader of the Barbados Labour Party (BLP), spoke to this during a political meeting at St. Patrick’s, Christ Church on Sunday night. As she endorsed John King as the Party’s candidate for St. Philip West, she said that every single year under the Democratic Labour Party government the deficit has been high. Her comments came as she said that those high fiscal deficits have resulted in Barbados becoming the third most indebted country in the entire world, exceeded only by Japan and Greece.

“What is at stake is the difference in perspective, because both parties used to respect fiscal discipline. Both parties used to respect that you had to run a small deficit to act as a basis for being able to bring development out of this country, because it makes no sense to leave people where they are; the government has to be the enabler. There used to be unanimity on the fact that we had to empower and enfranchise people,” she said.
Mottley added, “This is the first government since Independence that has consolidated the wealth in this country.”

Barbados Advocate

Mailing Address:
Advocate Publishers (2000) Inc
Fontabelle, St. Michael, Barbados

Phone: (246) 467-2000
Fax: (246) 434-2020 / (246) 434-1000