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Fiscal mismanagement bankrupting Barbuda, says finance minister
Published on January 14, 2014 Email To Friend    Print Version

By Caribbean News Now contributor

ST JOHN’S, Antigua -- The Barbuda Council, which is governed by a majority of Antigua Labour Party (ALP) elected officials and chaired by the ALP's candidate for Barbuda, Arthur Nibbs, is now ten weeks behind in paying employees, due to what Finance Minister Harold Lovell has called "shockingly poor financial management" by the Council.

Finance Minister Harold Lovell
Lovell further warned that this level of fiscal irresponsibility from the ALP in Barbuda could be an omen for what is to come for the Antigua and Barbuda as a whole if the electorate decides to take a risk on the ALP.

"When the ALP took charge of the Barbuda Council, they hired dozens of people without thinking about the budget or the cost. The ALP's fiscal recklessness led to the Council not being able to pay its bills," Lovell noted.

"The Barbuda Council gets a regular weekly transfer from the government for salaries. They knew exactly their budget, and what did the reckless and irresponsible ALP do? They overspent and drove the Council into debt.

"The irresponsibility of the ALP-controlled Council shows shockingly poor financial management. And, what should worry every Antiguan and Barbudan is that it could be a harbinger of what is to come if Gaston Browne and Asot Michael take power," concluded the minister.
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