Ince: Economy has turned the corner
Parliamentary Secretary in the Ministry of Finance Senator Jeptor Ince is contending that the worst of the economic squeeze is behind Barbadians and that things are improving.
Delivering the Democratic Labour Party’s (DLP) lunchtime lecture at the party’s headquarters on George Street, St Michael, Friday, Ince made reference to the International Monetary Fund (IMF) Article IV consultation report, which said the Barbados economy appeared to have turned the corner.
However, he went further, saying there was no doubt that it had improved.
“The International Monetary Fund report said it appears the economy has turned the corner, but I am going to say to the IMF the economy is turning the corner and there is no appearance. We have implemented policies and the economy is turning the corner even though we are not yet out of the woods. There is no appearance as far as this senator is concerned. The policies of the Government are working and we are beginning to see the results of our restructuring and diversification of the economy,” Ince contended.
The Government Senator recalled that during the restructuring programme, the administration had asked the people of Barbados to “swallow a bitter pill” from 2008 and Barbadians had cooperated with the administration.
Arguing that the 2016 Financial Statement and Budgetary Proposals had brought a measure of relief to Barbadians, Ince said there was no longer any need to swallow the bitter pill.
“We are asking the people to come to the table because breakfast is going to be served. It may not be in the quantities that you may want or that we would like to give. We have recognized the patience and the pressure that this society endured,” he said.
Ince pointed out that with improvements on the horizon, Government would lead the country forward and allow Barbadians to share in the good times ahead.