Social Security Director: Government Has Not Borrowed From Fund
Antigua and Barbuda’s Social Security Director says the current Antigua Labour Party (ALP) administration has not borrowed any money from the Social Security Scheme, describing it as a clear sign of commitment to the fund’s stability.
Speaking on the Browne and Browne Show, the director said the government has shown “demonstrable physical action” toward clearing outstanding liabilities.
“The current Antigua Labour Party administration has not borrowed dollar one from Social Security,” he said. “It has demonstrated not only a commitment, but physical action in its plan to clear off that liability to the betterment of the people of Antigua and Barbuda.”
He added that while payments fell short during the COVID-19 pandemic, the government stepped in to keep the scheme current. “When we have fallen short in the past, as we did during COVID, they stood in the breach and brought us to where we are today — current with payments and advancing with the processing of those payments,” he said.
The director also assured the public that the scheme is stable and projected to remain so for years to come. “Our aim is to do so well beyond the actual date when we should be in jeopardy, which is 2031,” he noted.
The remarks follow opposition criticism of the scheme’s arrears and come as the government signals its intention to fully settle outstanding contributions.
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