Prime Minister Gaston Browne has reignited political tensions by scrutinizing the financial legacy of the United Progressive Party (UPP) administration. During a recent episode of the ‘Browne and Browne Show’ on Pointe FM, Browne referenced an official report titled ‘Government Indebtedness 2004 to Present,’ prepared by the Director of Social Security and the Financial Secretary. The report revealed that government debt to the Antigua and Barbuda Social Security Board surged by approximately $172 million during the UPP’s tenure, escalating from $366 million in 2003 to $538 million by 2013. Browne emphasized that this increase contradicted former Finance Minister Harold Lovell’s assertion that the UPP never borrowed from the Social Security Board. Browne argued that the failure to make required contributions effectively constituted a form of borrowing, stating, ‘You didn’t borrow, but you did not pay your contribution. It’s a form of borrowing, because what you’re doing is getting funded by the arrears.’ Since assuming office, Browne’s administration has worked to reduce this debt through regular payments and an impending asset swap involving the Jolly Beach property, which is expected to further alleviate the government’s financial obligations. Browne framed the discussion as a contrast between ‘debt creation and debt resolution,’ defending his government’s efforts to stabilize the Social Security scheme. The revelations have sparked renewed debate over fiscal responsibility and political accountability in Antigua and Barbuda.
Report Confirms Social Security Debt Increased $172M Under UPP, PM Says
