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Jun 10, 2020

Opposition Leader Does Not Support Retrenchment

John Briceño

The International Monetary Fund has been advising the government for years that there is a need for pension reform, cutting down on the wage bill and retrenchment in the public sector. PM Dean Barrow has managed to dodge those economic prescriptions. The Prime Minister has said that the IMF and IFIs will extract their pound of flesh and with the COVID-19 pandemic and he is ruling out retrenchment. But government’s wage bill, which is forty-five million dollars monthly, is huge; Opposition Leader John Briceño addresses the issues of retrenchment and trimming of the wage bill. 

 

John Briceño, Leader of the Opposition

“We don’t know what the IMF presented to the Prime Minister. Secondly, if it is true what the Prime Minister is saying that what was represented to them I think it is an indication that the IMF no longer has confidence in this government, that this government is coming to the end of its time, that this government will need a fresh mandate before they make more funding available. I believe that a new government and the PUP being we expect God willing w are going to be the next government that we will have a fresh mandate, that we will be able to come up with sound economic plans with the IMF to be able to show them how is it that we are going to go towards a sound economic footing on a path of sustainability. That is what the IMF wants. The IMF does not necessarily say that you have to fire everybody. They just want to see what is the plan and we have been saying since 2008 that the U.D.P. has no economic plan. That is why we were already in an economic recession. Even as COVID-19 in March, what we have right now is simply just a direct reflection of what has happen of the mismanagement of the U.D.P. since 2008.”

 

Hipolito Novelo

“Would the People’s United Party support retrenchment in the public sector?”

 

John Briceño

“No we do not support retrenchment. Just remember that retrenchment is a U.D.P. term. So that is very important to remember.”


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