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Bahamas: Chipman slams government borrowing as he warns of “debt crisis”

NASSAU, BAHAMAS — Centerville MP Reece Chipman yesterday slammed the Minnis administration for its borrowing, stating during his 2021/2022 budget communication that the country is in a “debt crisis”.

“This is an election year budget,” Chipman said.

“Many promises of concessions and no mention of our natural resources our your commitment to accountability and good governance.”

Chipman continued: “Our leaders are simply lazy. They have no ideas or vision. I think to some degree they are intentionally visionless when it comes to repayment of our debt. It’s a  selfish approach to governance.”

The Centerville MP asserted that the Bahamian economy is “on crutches”.

“That’s the narrative that should be coming out of this budget. Our economy, our people, our social well-being is on crutches,” he said.

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