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Jun 22, 2016

P.U.P. Calls for Full Disclosure of Purpose for $50 Million Withdrawal

John Briceño

And with that, the P.U.P. revealed its list of demands where that fifty million dollar proposed withdrawal from the S.S.B. piggy bank. It includes full disclosure of the intended destination of that fifty million.

 

John Briceño, P.U.P. Leader

“The government must give full disclosure as to what exactly they are going to do with that fifty million dollars from Social Security. Secondly we are also insisting that the fifty million dollars should be spent in the productive sector. We know that the productive sector in Belize is going through a major crisis in sugar, in bananas, in shrimp, in citrus – all of them are going through some really serious problems and we need to find a way to help the productive sector to be able to turn things around. We are also demanding from the government that we need to get a true market price on these shares – not because the government paid five million for these shares that the Social Security needs to refund them back their five dollars. We need to get a real market price and that can only be determined by placing those shares to the market and see what it is that people are prepared to pay for it. If it is such a good deal I am sure that people are prepared to pay more than five dollars, but I am sure that is not the case.”

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