PM addresses national debt concerns

Prime Minister Mia Amor Mottley has addressed concerns about the national debt, as she gave the assurance that it is still at a manageable level.

She said in 2018 when her Government came into office the debt stood at 178.9% of GDP, but as of the end of last month, it has been reduced to 114.6% of GDP.

According to Ms. Mottley, this is despite the COVID-19 pandemic and extreme weather events, including a hurricane and ashfall.

Prime Minister Mottley says despite the challenges, the country is on target to see its twelfth consecutive quarter of growth.

Unemployment is about 8%, which is below the historical average of 10.3%.

Meanwhile, the country’s reserves stand at 3.2 billion dollars or about 33 weeks of import cover.

About The Author