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Leader of the Opposition calls out Government over “Outrageous borrowing”

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Posted: Friday, July 15, 2022. 5:28 pm CST.

By Benjamin Flowers: Leader of the Opposition Moses “Shyne” Barrow, has condemned the recent motion tabled in the house of Representatives by the Government of Belize to get a $150 million loan from the Republic of China (Taiwan).

Barrow vented his frustrations on Facebook, noting that the loan motion comes just three months after passing a $1.4 billion budget.

“What does this government need $150 million for 3 months into the new fiscal year? There is no project attached to this loan which is a gateway to corruption, cronyism, and campaign financing!” Barrow said.

He also called out the People’s United Party, saying that they had promised to stop borrowing money, but have borrowed close to $400 million in less than two years.

The notice of the loan motion was given on July 12. The US$75 million is to be distributed in four phases, with the first payout of US$42 million to be made this year. There would then be three payouts of $US11 million, set out from 2023-2025.

 

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