The Government of Barbados is flat broke.
So broke, Shadow Minister of Finance Clyde Mascoll claimed yesterday that if it was a private company, it would be declared insolvent and be forced to file for bankruptcy.
And according to the former parliamentarian, the current administration’s final straw of “fiscal imprudence” was allocating resources of the Catastrophe Fund, originally set up as protection for poor people, to the Urban Development Commission (UDC) and the Rural Development Commission (RDC).
“For me, it’s the final financial straw that broke the camel’s back. It’s a case of robbing poor people,” Mascoll told a Barbados Labour Party (BLP) meeting at the Grantley Adams School yesterday.
