The Ministr of Finance has released its own figures in response to last week's distribution of figures by ALP Chairman Gaston Browne.
Browne purported to present the debt incurred by the UPP government since it was first elected in 2004.
He alleged that the UPP had increased the national debt by 64 percent, and challenged Minister of Finance Harold Lovell to dispute this.
Caribarena.com has since made repeated attempts to contact Lovell for his comments on Browne's allegations, but this has proven unsuccessful.
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87 Comments In This Article
Lord
naiomi
@Eric
..
tenman
Eric
@Tenman
I f ALP officials are guilty and still walking today, Eric is a criminal also for knowing (and covering by not presenting) they are guilty (as he mentioned in the blog) but did not turn in the evidence and individuals.
I like your reply Tenman, very intelligent.
my way of helping
@ Eric,
..
tenman
@ Eric
Again, if some one steals public money they should be placed in prison and forfeit all their assets but if they are innocent we should clear their names.
Do me a favor never include me in illegality and immorality and i promise i will do the same for you. use another form of debating tactic or engaging tactic.
Again, i am not ALP nor am I UPP but I am for the people (striving to be Godly)
my way of helping
Eric
@ Morris
my way of helping
@ Eric - as usual trying to change the subject
..
tenman
@ my way of helping
Morris
@ Eric
Eri c what you have said is brilliant; the guilty must be punished and the innocent be freed.
my way of helping
If we had the millions of dollars ripped off in the IHI, and the APUP FUNDING schemes during the last ALP administration we could probably balance the budget without borrowing. If Lester, Asot and the others who are named in the civil charges by the Attorney General (relating to IHI) would arrange to use their influence to have those who are responsible, for this money to returned it to the Treasury we could all celebrate a wonderful day in Antigua.
Eric
@ Morris, Cool ruler and all
my way of helping
re: morris
fnpsr
Cool Ruler
@ my way of helping
Morris
This is the Morris that you've usually read, and this is what I've been hinting at for the longest. There was no advantage, because there was no repayment plan. They simply ignored their responsibilitie s to repay their loans and allowed the debts to accrue interest. The UPP is no different, they also neglected to pay on the debts and continued to borrow and spend indiscriminatel y.
Now, I will acknowledge that it is ok for a country to create debt by using deficit spending, but we all know that Antigua is too small and lack the resources to handle the current debt load.
Morris
@ Morris
I have tow rules, if I cannot afford the real gold, I will not wear the fake gold. If I can't afford to pay for it then I do not want it.
God bless you and politics and parties will always prevail on this earth. there is more division than unity (my way of helping, 2010)
my way of helping
@ my way of helping
On another note, your reference to ALP building the infrastructure is well taken. It was their job to build the infrastructure and all that you mentioned. After all, they were the government of the day. Was it suppose to be the job of the opposition to do so? UPP was given a chance and a mandate to govern and they screwed up, and is still screwing up royally.
Morris
@ Morris
We always look on the surface and i was motivated by God (ignore this cool ruler) to consider everything because you conclude. You have seen my conclusion throughout my blogging.
Morr is again, I am not UPP nor am I ALP but I am for the people.
my way of helping
@ fnpsr
Morris
@FNPSR and Tenman
my way of helping
re: morris
fnpsr
@my way of helping,
..
tenman
@ Morris
Pr ay about it and you may see the difference, Yes there is a debt and we must handle it and it is sad it is increasing drastically and quickly but honestly not to the benefit of this great United Islands of Antigua and Barbuda. show me one way the people of this great nation is benefiting through this "world wide economic crisis" to lessen it blows?
my way of helping
Misleading
Maco
@ Tenman
Cool ruler, you can learn from people who you consider to be your enemy. because you consider me (my way of helping) and the ALP as your enemy does not mean you can't learn from your enemy or does it mean everything out of our mouth are lies.
my way of helping
@ Morris and Cool Ruler
@COOL Ruler, you have never once addressed me properly and use my blogging name, you do know manners and respect can get you any and everything? I know this. you are right to that you should not call people liars but if you have witness the lies and have proof to support your statement then by law it is okay. I have the proof, law and medicine is not important so we not spending money on it wow.
One final thing, I do not hear voices like a mentally disabled person but I hear God. We talk a lot, I know you have no idea about God and speaking to him. Next time have a bit of confident in God he does exist to speak to people, if they want to listen.
my way of helping
@Cool Ruler - stop making a fool of yourself
..
tenman
@ my way of helping
Morris
@ COOl ruler both; ALP and UPP did it but only one lied about it.
Thank God for tourist who loves and admire people with manners, thanks for for parents who can work hard, thank God for an uncle who will do anything for you. thank God for rich professors that will give you $30,000.00 of their own money to pay for school. Thank God for making a way. You will hear what I hear because both Government ALP and UPP deny the youths and focus on supporter and my family and friends have yet to benefit from anyone of the parties directly (well only the free hams and turkey we ever got). one government lied about the importance and one government simply say no, which do you think is worse?
my way of helping
@Cool ruler, @Morris
Hey, I am a very young man 26 to be exact, I do remember hearing things about ALP growing up and was very angry and disappointed. However, I also left to study for my degrees and frankly I was did not know there was a Carib-arena online or any online papers that i could blog on and let my views be heard or as I mentioned if inspired by God let it be known.
Morri** I am making here about the infrastructure is if ALP did all those that i mentioned well the 2.2 billion budget deficit is nothing in comparison to the recent addition of 1.6 because frankly i do not see (tangible assets, infrastructure) or feel much (intangible assets, programs etcetera) that would really make this deficit most likely justifiable. morris you mis** totally and yes I know government should better the life of the people (read all my old blogs). my point was who was and is spending to much and showing too little betterment for the people.
my way of helping
@ my way of helping
Morris
Cool Ruler
@ Shelly G & my way of helping
My way of helping - It is every government's responsibility to provide the basic infrastructural needs for the betterment of its citizens. However, this is not about who built what, it is about fiscal irresponsibilit y and transparency. I will tell you that each government (not only in Antigua & Barbuda) is different in the way they deliver: whereas one government might deliver new infrastructure, another might deliver social programs. As a person who now reside in the US, who was the last president to really build anything in America? Our problem in Antigua is that none of the politicians are being totally honest with us, because they fear they would be ousted from office. Bottom line. Instead they continue to feed us sixes for nines, and many of us continue to fall for the same tricks over and over again.
Morris
Cool Ruler
To whomever the cap fits,wear it.
ANTIGUAN
God what?
PLM
@ Cool Ruler
I am sure if I was saying what you wanted me to say, it would not be what you deem my message to be (warri), you would be jumping and waving and coming to my support, please don't ever. How about you stop being ignorant and investigate a matter before you put people in hell and condemn them for eternity. Wait and see my revelation will be your life, only time will tell.
I thought the deals was for you to only curse me if you will contribute positively.
Go d Bless you and I pray you are given wisdom and understanding. Love you Cool Ruler, you just need some love, that is all.
my way of helping
@BuzzBomd, I agree
They do not spend their salary at the end of the month because they are provided with everything from the tax payers money. They even support their children and wife on our tax payers money and not their salary.
my way of helping
Cool Ruler
2014
And while I disagree with Tobi's sentiment, I agree that we are stuck with this tax & squander government until 2014. Our government officials will continue to pay themselves, exploit their duty-free status (passed the first year they were in power) continue to take all their benefits/discou nts of public office, travel abroad first class, stay in 5 star hotels and collect their per diems as they jaunt about with their wives or girlfriends producing no results for our twin island nation until 2014.
Buzzbomb
It matters not
Tobi
Cool Ruler
@Shelly G and Morris
Morris I know ALP also did some horrible things and horrible things are not accepted at all, they also most likely also wasted money, and abuse particular powers, all unacceptable but comparing what they did from nothing (no infrastructure, not much assets, capital), it is safe to say they did better than UPP (for now anyways), UPP has 4 more years maybe something will happen, even thou God told me otherwise and he is never wrong.
my way of helping
My way of helping
Shelly G
My way of helping
Shelly G
re: tenman
fnpsr
Morris(your self perfection is beginning to show) Do not twist my words
Shelly G
@Eric - stop running
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tenman
do not lie, do not omit vital information, do not speak without knowledge.
A misrepresentati on need not be intentionally false to create liability. A statement made with conscious ignorance or a reckless disregard for the truth can create liability. Nondisclosure of material or important facts by a fiduciary or an expert, such as a Prime minister, lawyer, or accountant, a minister of finance can result in liability.
my way of helping
fnspr et all part 2
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tenman
@ Shelly G
Well, they do deserve some credit for the debt we have today, 2.2 billion of it stem from the previous administration' s decision to default/ignore repaying loans. Regardless of party affiliation, that is reason for concern. If that is not horrible enough, then oh well.
Morris
@fnspr part 1
..
tenman
@Sh**ly G
If I outright praise ALP, I would not be listened to and my most important thing here is to have people listen so we can be better, and provide for the poor people and the entire United Islands.
You have to adjust to convey you information and as you mention ALP did bad things (some call horrible) so I am focusing on those to convey my information to the UPP supporters. Remember, you cannot teach everyone in the same manner, love determines that you consider each individual and provide for their specific needs. But i do totally agree with you in this manner.
I am not ALP nor am I UPP but I am for the people (striving to be Godly). yes the people was better under ALP, they had cheaper food and even some free ones.
my way of helping
My way of helping
SHELLY G
I call for an independent audit - part 2
Based upon my reticence to believe the government’s figures and their needed to paint a rosier picture, I would tend to have more credence in the Mr. Browne’s analysis. I am not saying it is correct, only that I would have more faith in it than that presented by the Hon. Lovell.
Finall y, I see a flaw in the IMF. They seem to take figures and reports submitted by the government at face value. I see no evidence that they do any independent verification of the information presented to them. I hope for all of us that I am wrong!
“If you can’t do the little stuff, how are you expected to do the more difficult stuff?”
fnpsr
ABDB
Maco
I call for an independent audit - part 1
Wh at is troubling to me is that these two individuals are members of Parliament and they should know this information down to the penny (emphasis added). It would seem to me that every loan should have been debated in parliament, approved, recorded and made public. Additionally, the disbursements for the particular earmarks should have been properly recorded and an amortization schedule prepared showing the payments made. Had this been done there would be no doubt as to the amount of outstanding debt owed by the “Government of Antigua & Barbuda.”
fnpsr
even if
Maco
We don’t have any ghettos in Parham, thank you very much.
PLM
Interesting
@ERIC
Again, I am not ALP nor am I UPP but I am for the people. One government did Horrible (ALP) and another is doing Horrible (UPP) so there horrible is more horrible than our horrible.
One thing i remember, in hard times ALP gave free food and now is as you mention from the IMF report is the worse ever reported, where is the free food for the poor? are they doing one thing to decrease the impact of the " world wide economic crisis"?
my way of helping
@PLM; I taught their was a law against counting chickens before they are hatched (sarcasm)
The other thing, "lard bird naga very obstinate" you do not have to talk and write like you are from the hood and ghetto, I would like you to be decent, whether you live their or don't live their it should not make you the way you are. And if a person like me who strives to be Godly and do what is best for the was on the ECSC then worrying about me wouldn't be in my mind, my priority would be your rights, defining the laws in the way they were intended. I will not give up on love, justice, and proper representation so leave do not say give it up already. I love love, don't you? liberty. acknowledgment.
my way of helping
Cool Ruler
SPIN DOCTOR
Antiguan
@ Tenman
Morris
"Context and Key issues. Antigua and Barbuda’s tourism-depende nt economy has been severely impacted
by the global economic and financial crisis. Falling tourism and FDI-related construction activities have
triggered the worst recession in decades and contributed to a sharp decline in government revenue. This
has aggravated an already unsustainable fiscal position resulting from longstanding fiscal imbalances and
accumulatio n of a large stock of arrears to domestic and external creditors".
OM G - You obviously forgot to let us about it. You of course recognize that the “Accumulation of a large stock of arrears of domestic and external creditors” referred to here, are the debts that the last ALP administration refused to pay. UPP had to pay it to save our good name because we love this country.
Eric
Eric- You can have your opinion, but not your own facts
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tenman
@ Eric
the law states 12 hours of voting but UPP says 5 is enough and it is substantial. So, being a logical man, I believe the figure they gave about the $800 million is the substantial enough for us figure (which they think is good enough for the people of Antigua and Barbuda, but not the real figure by law).
When will UPP put away substantial and give us all, the entire, of what we are guaranteed by law, promises, ethics, morality, humanity, politically etcetera?
my way of helping
IMF numbers are not sacrosanct
The numbers provided to the IMF or reported thru other outlets are not set in stone, and often are based on projections or estimates which may or may not be revised up or down. And by the way, you’re in no danger of being selected to sit on the ECSC, so just take a deep breath and let it go…..lard bird naga very obstinate…
PLM
Eric
Financial Report
A Stitch in Time
Which is correct?
What have we done to you so bad that you hate us this bad? is it because we had vote for ALP?
my way of helping
The truth is not an ALP strong point
The finance minister has provided the facts, and his numbers do add up! Your desperate shadow finance minister is pulling numbers out of thin air, including contingent liabilities to inflate his already dubious figures with surprise surprise no supporting documentation. Peppercorn Browne is selecting one or two items from various subheadings and telling us it’s not included in the official numbers without telling us what exactly is included, again Burnham sleight of hand.
PLM
WHAT** HERE???
ANTIGUAN
HC
The truth
OMG!!
Dave
Fred
@Cool Ruler
..
tenman
Fred
@ Tenman
Morris
Setting the record straight
PLM
FALSE
..
tenman
Cool Ruler
Harold Lovell can't pull no stunt pon me
Antiguan Youth
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