{"id":261809,"date":"2025-12-18T08:09:02","date_gmt":"2025-12-18T12:09:02","guid":{"rendered":"https:\/\/antiguanewsroom.com\/?p=261809"},"modified":"2025-12-18T08:09:03","modified_gmt":"2025-12-18T12:09:03","slug":"senator-george-defends-borrowing-strategy-despite-budget-surplus","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/senator-george-defends-borrowing-strategy-despite-budget-surplus\/","title":{"rendered":"Senator George Defends Borrowing Strategy Despite Budget Surplus"},"content":{"rendered":"
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Government Senator Dwayne George on Wednesday rejected opposition criticism of government borrowing under a projected budget surplus, arguing during the Upper House debate that borrowing is a deliberate investment strategy rather than a sign of fiscal weakness.<\/p>

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Speaking during debate on the 2026 Appropriations Bill, George said the government has moved from \u201cborrowing to survive\u201d to generating surplus revenue in order to invest, and that prudent borrowing allows the country to preserve reserves while financing long-term development.<\/p>\n\n\n\n

\u201cWe don\u2019t borrow now to survive,\u201d George told senators. \u201cWe generate surplus to invest.\u201d<\/p>

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He challenged claims that a surplus should eliminate the need for borrowing, using a household-finance analogy to explain the government\u2019s approach.<\/p>

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\u201cIf you have $100 in your bank account and you want to purchase something for $100, any sensible individual would borrow rather than use the last $100,\u201d George said. \u201cWhen you use your last hundred dollars, you have zero dollars and zero cents. In the case of an emergency, you don\u2019t have anything.\u201d<\/p>\n\n\n\n

George said borrowing allows governments and households alike to manage risk while spreading costs over time, even when cash reserves are available.<\/p>

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\u201cIt is easier to pay $5 or $10 a month than to spend your last lump sum,\u201d he said, adding that businesses and individuals routinely borrow despite having sufficient savings.<\/p>\n\n\n\n

The senator said the same logic applies to national finances, arguing that surplus funds should be preserved while borrowed capital is used to finance projects capable of generating returns.<\/p>

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He cited government investments in Social Security, the Jolly Beach redevelopment, the University of the West Indies Five Islands Campus and other state-backed ventures, saying such investments are intended to create a \u201cmultiplier effect\u201d that strengthens long-term sustainability.<\/p>

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\u201cWe invest to multiply what we inject,\u201d George said. \u201cIf we inject one dollar, we inject it with the intention of multiplying that dollar.\u201d<\/p>\n\n\n\n

He said borrowing in this context supports economic growth, job creation and social stability, rather than undermining fiscal discipline.<\/p>\n\n\n\n

George dismissed opposition claims that borrowing contradicts surplus projections, saying the government\u2019s approach balances discipline with development.<\/p>\n\n\n\n

\u201cThis budget is not about survival,\u201d he told the Senate. \u201cIt is about progress.\u201d<\/p>\n\n\n\n

The debate continued as senators examined competing interpretations of the government\u2019s fiscal strategy and surplus projections under the 2026 budget.<\/p>\n

\"\"<\/a><\/div>","protected":false},"excerpt":{"rendered":"

Government Senator Dwayne George on Wednesday rejected opposition criticism of government borrowing under a projected budget surplus, arguing during the Upper House debate that borrowing is a deliberate investment strategy rather than a sign of fiscal weakness. Speaking during debate on the 2026 Appropriations Bill, George said the government has moved from \u201cborrowing to survive\u201d […]<\/p>\n","protected":false},"author":12,"featured_media":258532,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-261809","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nSenator George Defends Borrowing Strategy Despite Budget Surplus - Antigua News Room<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/antiguanewsroom.com\/senator-george-defends-borrowing-strategy-despite-budget-surplus\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Senator George Defends Borrowing Strategy Despite Budget Surplus\" \/>\n<meta property=\"og:description\" content=\"Government Senator Dwayne George on Wednesday rejected opposition criticism of government borrowing under a projected budget surplus, arguing during the Upper House debate that borrowing is a deliberate investment strategy rather than a sign of fiscal weakness. 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