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‘No wild spending’ from oil money


‘No wild spending’ from oil money

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DON’T EXPECT WILD SPENDING if Barbados gets a windfall from its offshore oil exploration programme.

Parliamentary Secretary in the Ministry of Finance and Economic Affairs, Senator Jepter Ince, offered this bit of advice after delivering the Democratic Labour Party’s (DLP) weekly lecture yesterday.

“Government is looking at how best we can take those monies and invest those monies for the people of Barbados,” he told the gathering in the Unity Bar at DLP headquarters in Belleville, St Michael.

“It is not going to be a free-for-all – live as you like because the country got a lot of money. It’s not going to happen because once you border on that and you don’t prepare for further down the road you’re going to have problems and my opinion is once [the oil exploration] goes well, continue to build Barbados, continue to build our people. (TY)

Please read the full story in today’s Saturday Sun, or in the eNATION edition.