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Senator: Where did the $19b go?

By Prior Beharry

Independent Senator Parvatee Anmolsingh-Mahabir wants to be shown the tangible improvements this country has witnessed over the last eight years when the national debt has doubled to $37.1 billion.

Speaking during debate in the 2004-2005 budget in the Senate yesterday, Anmolsingh-Mahabir said in 1996 the national debt stood at $18 billion and this increased from $19.9 billion in 1997 to $29.7 billion in 2000. She added that from 2001 to 2004, the national debt increased from $32.7 billion to $37.1 billion.

"One wonders whether this 100 per cent increase of the national debt is not one of the root causes for the IMF and the Washington Consensus to question the sustainability of our foreign exchange rate," she said.

Therefore, Anmolsingh-Mahabir said the question must be asked where did this $19 billion go, where was it spent? What tangible improvements could this country show for it?

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Trinidad and Tobago News

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