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Prime Minister Gaston Browne has announced plans to publish a booklet outlining strategies to secure the long-term viability of Antigua and Barbuda’s Social Security Scheme.
Speaking on the Browne and Browne show on Saturday, the prime minister said the booklet, titled The Transfer of Jolly Beach to Social Security: A Strategic Imperative, offers a detailed rationale and financial case for transferring the Jolly Beach Resort to the Social Security Fund.
Browne said the initiative supports the government’s model of “Entrepreneurial Socialism”—a strategy aimed at building national wealth through public-private partnerships.
The booklet also promotes reducing foreign economic dependence by shifting ownership of strategic assets into local hands, echoing previous efforts such as the national acquisition of shares in the West Indies Oil Company.
In its introduction, the Antigua and Barbuda government reaffirms its commitment to economic self-sufficiency and locally driven development.
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Ah! You are putting vinegar in the nations wounds, with that picture of social security paying for that comrade and white bourgeois building for $30,000.00 monthly while the social security building is purposely left derelict and social security help the one percenters with their bank loan on their failed friars hill road projects, the whole of friars hill road struggling on bank foreclosures, that’s why Gaston mash up dunbars agriculture lands to give to syrians to bring in business to support friars hill road.
I look forward to perusing it.
With their high salaries and hefty pensions they do not mind playing warri with our meagre monthly social security cheques. The do not give a shit about the ordinary man, for most of us social security bearly cover our light and water bills in this dog eat dog shit house
LOL they making sure they make the PM work to see that investment go thru
Why are people so narrow minded and every criticism is politically motivated. No pension scheme in the world can survive on half a percent bank interest for its funds, with people living longer now. Pension schemes around the world are investing in a number of areas including real estate. Google, my people, use Google. Wait until the PM outlines how this will work before jumping to conclusions. The UPP’s answers to everything was to sell out our assets and then run to the IMF. Surely we can’t go back to that. Lovell and his cabal should be the last people talking. Their answer was to bring back income tax and then implement the ABST.
@ Truth Seeker
Please enlighten me about the assets the UPP sold out, from my recollection I do not think any administration that sold more assets than the Labour Administration and at peppercorn prices to boot
“Entrepreneurial Socialism” is a funny. Literally everything the government do is the opposite of socialism so that’s a suprise. From the tax system being regressive using sales tax and duties for income puts a strain on the average person way more than the rich.
I would also like to see the book explaining why Gaston decided to neglect public building in favour is letting them rot only to have those companies be in rented buildings. But I guess that’s what he means but shifting strategic assets into local hands, or maybe it’s the property he gives to gives and foreign investers that buys their passport
Still waiting on Truth Seeker to respond