BELIZE CITY – The United Democratic Party (UDP) has issued a stark warning regarding Belize’s fiscal trajectory, accusing the ruling People’s United Party (PUP) administration of excessive borrowing that threatens the nation’s economic future.
In a forceful address, UDP Senator Patrick Faber revealed that government borrowing has reached approximately six hundred million Belize dollars ($600 million) over the past five years. Faber emphasized the magnitude of this debt accumulation, specifically noting for clarity: “For those who like it like the former prime minister, Musa, that is point six million dollars with a B.”
The opposition senator framed this borrowing spree as a generational burden, asserting that while the borrowed funds have been expended, the financial obligations will persist for decades. “The point is, that money is now gone, but the stench from borrowing all that money remains for our children and our children’s children and even our children’s children’s children to pay,” Faber stated during his presentation.
Faber’s criticism targeted the PUP’s governing approach, claiming this pattern of debt accumulation reflects the party’s operational philosophy. The UDP has consequently demanded an immediate cessation of further national borrowing.
“The UDP calls for a cease and desist of borrowing in the name of this country, a cease and desist of borrowing in the name of our children’s children,” Faber declared, emphasizing that current policies are saddling future generations with unsustainable debt while citizens remain unaware of the long-term implications.
The statement represents the latest escalation in Belize’s ongoing political debate over fiscal responsibility and economic management, setting the stage for continued parliamentary confrontation over the nation’s financial direction.