Skelton criticises government’s resolution for $100M loan

Opposition Leader Ronnie Skelton has criticised the government’s loan resolution introduced in the House of Assembly yesterday, claiming that the measure lacks substance and transparency.

Skelton questioned the resolution’s appropriateness, which seeks to borrow $100 million for government infrastructure projects, refinance existing debt, and cover associated administrative costs.

“This resolution cannot be in order. It says the government wants to borrow $100 million for infrastructural projects, but then it includes provisions for recurrent expenditure and refinancing existing loans,” Skelton said. He argued that such a broad scope suggests poor planning and called for the resolution to be revised, as it did not provide a clear breakdown of how the funds would be allocated.

The Opposition Leader also pointed out that the government failed to provide adequate documentation for the loan request. “You went out and you tendered for this… We don’t have that evaluation, and this is the House that’s got to make the decision,” Skelton argued. “We don’t have the list of projects that the government intends to do with this, to use this money to fund.”