The Freundel Stuart Administration is not proud of the fact that it has had to lay off thousands of public officers, but views it as part of critical restructuring that must be carried out.
So explained Government Senator Jepter Ince as he led debate in the Upper Chamber yesterday morning on a resolution that sought to allow borrowing under the Treasury Bills And Tax Certificates Act to be increased from $1.25 billion to $4 billion.
Stressing there were already clear signs that economic recovery was around the corner, he told colleagues it was now incumbent on the Government to push ahead with “redirecting and diversifying” the economy.
He said that the Democratic Labour Party understood that job losses impacted negatively on families, given their financial commitments, but at the end of the day restructuring must take place to protect the country from similar events in the future.
