Saturday, April 20, 2024

Mia slams Govt over NIS money


Share post:

OPPOSITION LEADER Mia Mottley has questioned Government’s actions in relation to National Insurance Scheme (NIS) funds, particularly those that were intended to purchase Almond Beach Resort in St Peter.

Mottley, speaking to supporters gathered in the yard of the party’s Roebuck Street, St Michael headquarters last night, spoke about the large amounts of money borrowed from the NIS by the current administration. She said while the scheme had $1.4 billion in Government paper when the Barbados Labour Party was voted out of office in 2008, it stood at $3.2 billion at the end of December 2015.

She said Government now owed the NIS $240 million.

Mottley said the $55 million loaned to the Barbados Tourism Investment Inc. (BTII) through a bond to purchase Almond Resorts created a major dent as well. (YB)

Please read the full story in today’s Daily Nation, or in the eNATION edition.


Please enter your comment!
Please enter your name here

Related articles

‘Not a housing solution’

Residents of Bannatyne Gardens, Christ Church, are warning potential buyers that the land at Newton Plantation, Christ Church,...

Four arrested on drug charges

 Three Barbadians and a Venezuelan, who were caught on a vessel carrying over $8 million in cocaine and...

BAVERN looking at prospects

Some vendors in the city are hoping to get their share of the spoils as Bridgetown Market is...

Missing: Sonia Suzzette Parris

Police are seeking assistance in locating Sonia Suzzette Parris, 58, of Edey Village, Christ Church who disappeared on Wednesday night. Parris was...