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Govt will struggle to meet $200M loan target:Ex PM
['Times Staff']
St Vincent Times
Opposition Leader Ralph Gonsalves questioned the government’s plan to raise $200 million in local loans, a figure he noted was “almost double” the approved amount for 2025.
The Opposition leader challenged the reliability of the cash flow, arguing that the funds would not be available when needed.
Regarding external borrowing, the Opposition raised concerns about the reliability of securing funds from international bodies.
Additionally, because many capital projects are funded by these local loans, he argued that these initiatives would not be implemented on a timely basis because the funding source is not available upfront,.
He concluded that this reliance on doubtful borrowing creates a situation where the government is merely “treading water dangerously”.