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Dec 5, 2018

FinSec Says Economy Experiencing Real Growth

Joseph Waight

The Financial Secretary also offered comment about the state of the country’s economy.  Earlier this year, an internal memo issued by Joseph Waight was leaked. In that memo, Waight pointedly asks government ministries to cease and desist from looking for new funds because the country’s debt stood at one hundred percent of the gross domestic product. It has been months since the memo surfaced and today the FinSec told News Five that the economy is experiencing real growth.

 

Joseph Waight, Financial Secretary

“It’s the job of the Ministry of Finance to preach prudence, to preach caution, to preach; to have to be conservative in your spending because the money doesn’t grow on trees. It’s no different than your personal bank account; you can’t spend more than what you have. Therefore you try to hold it down because there is a rainy day coming. You don’t know; a hurricane can come so the idea is to live within your means.”

 

Hipolito Novelo

“How would you rate today’s economy compared to the previous WhatsApp message that was sent?”

 

Joseph Waight

“I was hoping I could point to boats moving today but they move during the week. You saw the congestion at the airport, it is a good and bad; the whole streamline. But the thing the flights are coming it, the tourism is more in the economy and the agriculture section isn’t too bad either so growth, positive growth, real growth.”

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Viewers please note: This Internet newscast is a verbatim transcript of our evening television newscast. Where speakers use Kriol, we attempt to faithfully reproduce the quotes using a standard spelling system.

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