(iWitness News) – The opposition Unity Labour Party (ULP) ‘s criticism of the EC$105 million current account deficit in the EC$1.9 billion budget for 2026 proves their own fiscal irresponsibility.
Prime Minister Godwin Friday made that argument as he wrapped up the debate on Budget 2026, which the government approved amidst a lack of support from the three-member parliamentary opposition.
The fiscal package also approved the borrowing of EC$200 million on the local market.
The opposition, led by Ralph Gonsalves, who lost his premiership when the ULP was voted out of office 14-1 in November, said it would be difficult for the government to raise funds regionally.
They said there is a looming cash crunch and overdraft dependence.
