Address by Prime Minister Freundel Stuart

Estimates debate

Estimates debate
13 Mar
2017

Finance Minister Chris Sinckler has led off debate on the 2017 Appropriation Bill and Estimates of Revenue and Expenditure, making the point that Barbados has borrowed more foreign exchange than it has earned over successive administrations.

He says such a pattern of heavy borrowing on the international markets is not sustainable.

Mr. Sinckler added that borrowing on the international markets must therefore be an option of last resort.