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Labrish
Nyuuz
Ralph Gonsalves rejects the budget over reckless deficit spending
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[QUOTE="Queen, post: 85961, member: 27"] Ralph Gonsalves torches the 2026 budget of St. Vincent and the Grenadines, calling the deficit reckless, the plan hollow, and warning that cash flow pain is coming. Budget deficit alarm [LIST] [*]Ralph Gonsalves flags a projected EC$105.5 million hole. [*]Says it tops four combined shortfalls from his tenure. [*]Labels the number outright as dangerous. [/LIST] Overall budget size [LIST] [*]Estimates total EC$1.89 billion for 2026. [*]Targets spending that outpaces income. [*]Sets up borrowing pressure fast. [/LIST] Critique of government vision [LIST] [*]Slams the presentation as thin and unfocused. [*]Mocks self-praise without growth planning. [*]Claims that no real economic engine shows up. [/LIST] Recurrent spending squeeze [LIST] [*]Current spending beats projected revenue. [*]A gap appears before debt costs enter. [*]Warns that monthly obligations may strain. [/LIST] Capital programme doubts [LIST] [*]Calls capital plans dull and uninspired. [*]Notes sharp cut from revised 2025 levels. [*]Says small projects will not move growth. [/LIST] Borrowing concerns [LIST] [*]Blasts EC$200 million local loan plan. [*]Says it doubles prior approval levels. [*]Accuses leaders of hypocrisy on debt talk. [/LIST] External loan questions [LIST] [*]Flags EC$573.9 million external loan target. [*]Says much looks earmarked for routine costs. [*]Raises doubts about delivery timing. [/LIST] Cash flow timing risk [LIST] [*]Warns that loan tranches arrive late. [*]Predicts constituency projects stall early. [*]Tells MPs to expect delays. [/LIST] Parliamentary backdrop [LIST] [*]Debate unfolds inside Parliament. [*]Opposition frames the budget as misaligned. [*]Fiscal fight stays front and center. [/LIST] [/QUOTE]
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Labrish
Nyuuz
Ralph Gonsalves rejects the budget over reckless deficit spending
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