Solutions Barbados’ St Michael South candidate Paul Gibson said today that his party will take the island out of a budgetary deficit within the first year of his party taking government.
Gibson gave this assurance to the media moments after registering his nomination at the Graydon Sealy Secondary School that will enable him to lead the party’s charge for the parliamentary constituency seat.
“We would have in the first year of leading this country a surplus,” he said, adding, “then we will work on lowering that heavy debt that was given to us by both the Barbados Labour Party (BLP) and the Democratic Labour Party (DLP)”.
Gibson contended that debt arose because Barbadians ten years ago ‘dislodged’ the BLP from office because of mismanagement ‘leaving $9.5 billion in expenses’.
But he said things did not get better because “at that time the Democratic Labour Party was very popular and they racked up $9 billion in debt”.
He said, “this is of great concern to Solutions Barbados,” but conceded that with a likely Barbados Labour Party victory at the poll, the country could find itself back in debt.
“Unfortunately, they don’t know how to manage the economy. They don’t know how to lower that debt. What the Barbados Labour party is good at is borrowing money and spending it.
“It takes no special intelligence to spend borrowed money, but they don’t have the solutions to fix Barbados.”
Gibson said that those solutions are to be found on his party’s website.