debt to gdp

A Problem of Debt

debt_highDuring the just concluded 2016 Estimates Debate former Prime Minister Pwen Arthur in one of a few intelligent interventions shared his perspective on the debt problem. It is no secret Barbados has achieved the ‘ranking’ of one of the highest public debt to GDP countries in the world. In the study- Public Sector Debt in the Caribbean: An Agenda for Reduction and Sustainability published by the Caribbean Development (16 Sep 2015) Barbados, St. Kitts and Nevis, Jamaica, and Grenada – are ranked in the top five – all greater than 100%.

Here is a short video shared with BU that summarizes our plight in simple language.

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80 Comments on “A Problem of Debt”

  1. Tron March 22, 2016 at 10:46 AM #

    After Brussels: Trump is rising. Blitzkrieg in America.


  2. Well Well & Consequences March 22, 2016 at 2:53 PM #

    Trump is a slimy opportunist, he is shameless and will use any excuse to create strife for those whom he hates.


  3. Gabriel March 22, 2016 at 9:41 PM #

    Forget not that Trump is German and fancies himself another Hitlerite whipping up the
    Wasp working class with the Hitler salute and Hitler pledge.In place of the moustache,there is the hairstyle.


  4. Well Well & Consequences March 25, 2016 at 5:45 PM #

    Tony Best in New York sums it up quite nicely, in this excerpt taken from his article.

    “But the message from Wall Street was clear. “The problem is that we still have not brought the fiscal deficit down to a level that people [on Wall Street] are comfortable with,” observed the Governor

    The bottom line is that Barbados is far from being out of the woods and will not emerge from its economic troubles unless and until the Government tackles the deficit head-on. That would mean carrying out the restructuring of state enterprises, reducing the waste and boosting efficiency, all promises the Government made a few years ago but did not complete.

    What’s clear from all of this is that Barbados is far being out of the economic woods. Too many Cabinet ministers and others are wasting time talking about what they inherited from the previous administration instead of solving the problems on their plates in 2016.

    They often ignore that after eight years in office, they can’t hold onto what they found in 2008 as a reason why today’s challenges exist. The political “statute of limitations” has run out on the things they may have inherited.

    See more at:



  5. NorthernObserver March 25, 2016 at 6:29 PM #

    You didn’t include my favourite comment by the CBB Gov…..”We are not a tax haven. We do not exist to enable people to avoid paying taxes in Canada or wherever activity originates.” The Canadian people certainly do not see things that way?


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