Prime Minister Dr Timothy Harris speaking at his monthly press conference on Monday
BASSETERRE, St Kitts (SKNIS) -- The St Kitts and Nevis government is making efforts towards reducing the substantial debt owed by the federation to the government of Venezuela under the PetroCaribe arrangement.
Speaking at his monthly press conference on Monday, prime minister and minister of finance, Dr Timothy Harris, referred to the debt as a part of the bad inheritance that the current Team Unity administration received once taking office after the February 2015 general elections.
“You wonder about the irresponsibility of the last government who liked to boast that they had so much money and yet refused to pay their debts,” said Harris, adding that, “there is something not too healthy about people who are in debt and would not make arrangements to pay it.”
Harris, revealing that the “significant backlog” has been the subject of ongoing discussions between his government and the government of Venezuela, indicated that the federation’s financial secretary, Hillary Hazel was scheduled to meet with officials from PDV St Kitts and Nevis on Tuesday “to deal with this matter”.
While guest on a recent edition of the government’s radio and television programme “Working for You,” minister of public infrastructure, Ian ‘Patches’ Liburd, disclosed that the government of St Kitts and Nevis had accrued a debt of near US$200 million to PDV St Kitts and Nevis between the years of 2009 and 2011.