• Today
    June 24

  • 07:57 PM

Walcott: It was bad governance

GERCINE CARTER, gercinecarter@nationnews.com

Added 21 March 2017


Dr Jerome Walcott (FILE)

GOVERNMENT’S HANDLING of the economy came in for harsh criticism from Opposition Senator Dr Jerome Walcott when the Senate debated the Appropriation Bill 2017-2018 yesterday.

He took what is otherwise referred to as the Estimates apart. Going through section by section, he accused Government of over-spending on several projects, which he suggested served to increase the national debt and placed Barbados in a position where it had just experienced its lowest downgrade ever by a rating agency.

Walcott charged the economy was “now in the most precarious position since we became an independent nation”.

He added that the island’s foreign reserves were less than half what they were in 2009, the national debt had almost doubled what it was then, and the economy was smaller. (GC)

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



Dos and Donts

Welcome to our discussion forum here on nationnews.com. We encourage lively debate, but we also urge you to take note of the following:

  • Stay on topic – This helps keep the thread focused on the discussion at hand. If you would like to discuss another topic, look for a relevant article.
  • Be respectful – Meeting differences of opinion with civil discussion encourages multiple perspectives and a positive commenting environment.
  • Do not type in capitals – In addition to being considered “shouting” it is also difficult to read.
  • All comments will be moderated – Given the volume of comments each day, this may take some time. So please be patient.
  • We reserve the right to remove comments – Comments that we find to be abusive, spam, libellous, hateful, off-topic or harassing may be removed.
  • Reproduction of comments – Some of your comments may be reproduced on the website or in our daily newspapers. We will use the handle, not your email address.
  • Do not advertise – Please contact our Advertising Department.
  • Contact our Online Editor if you have questions or concerns.
  • Read our full Commenting Policy and Terms of Use.
comments powered by Disqus




Do you agree with Government's decision to seek IMF assistance?