Wednesday, April 24, 2024

Barbados nearing ‘cliff of destruction’

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BARBADOS HAS TO MAKE serious economic decisions if it is not to go the way of Jamaica and Guyana.

This was the grim diagnosis last night by former Prime Minister Owen Arthur as he made his contribution to the debate of the 2016 Financial Statement And Budgetary Proposals, which were delivered by Minister of Finance Chris Sinckler on Tuesday.

Arthur said it was fortuitous that the debate was taking place in the year of Barbados’ 50th anniversary of Independence and would be considered one of the more important debates in the history of this country.

Developing his argument against Barbados’ social stability based on sustained fiscal prudence over the past 50 years, the now Independent Member of Parliament for St Peter said the economy could only survive if it was firing on all cylinders. (JS)

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

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