During today’s sitting of Parliament, Prime Minister Philip J Pierre will do the following borrowing:
1)$10 Million US
2)$80 Million EC for the National Lotteries Authority: He did this a few weeks ago, why is he coming back with this same loan? Something is fishy!
3)$64.1 Million EC in Government bonds
4)$477.3 Million EC in bonds and treasury bills will be reissued!
This means that Philip J Pierre would have borrowed more in the first 5 months of 2024 than he did for the whole of 2023!
(In 2023 he borrowed $380 Million!)
Corruption Encourages Crime
Government corruption is often more than just an issue of mismanagement—it can be a direct catalyst for crime. When those in power misuse resources or manipulate systems for personal gain, it erodes public trust and weakens the rule of law. People begin to see the government as an institution that prioritizes self-interest over public service, leading to a dangerous ripple…
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by Content Manager