VIDEO: Social Security Director Details How Arrears Mounted from PLM Era, Escalated Under UPP, and Are Now Being Restructured by ABLP

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David Mathias, Director of the Antigua and Barbuda Social Security Board

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Director of Social Security David Mathias has provided a detailed account of the scheme’s debt and management, addressing its historical buildup and the steps taken by successive governments.

Speaking on Pointe FM’s Browne and Browne show over the weekend, Mathias outlined how arrears mounted from as early as the PLM administration, escalated during the UPP years, and are now being restructured under the current ABLP government.

Mathias explained that by the end of 2003, before the UPP came to office, Social Security was already owed about $366 million.

That figure grew by $127 million during the UPP’s tenure, reaching nearly $550 million by 2010, consolidated into an MOU involving a bond and asset swap.

He contrasted this with the current administration’s record of reducing the bond, transferring assets, and introducing reforms aimed at securing the scheme’s future.

Watch the full segment from Pointe FM below.

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18 COMMENTS

  1. I look forward to a more balanced retort from the UPP in due course, to counteract the ABLP’S continuous delving into the past when this government has been in charge of the country for over 11 years now. Fact!

    Surely there must be some sort of “cut off” point as to when Gaston Browne and his cabinet accept their own responsibilities in the dire state of the economy, the high costs of living and the rising crime wave that Antiguans are currently experiencing. Fact!

    TEK RESPONSIBILITY NAH …

  2. Is this the guy (David Matthias) that the Deputy Chairman of the Director of Directors says is the problem at Social Security?

  3. Wow, ah who he? As I said before they are all coming out of the woodwork like the termites in my tree at present.

    That reminds me, I must buy some Terminex VEG.

    This coordinated attack by the ABLP paid-up members is just the beginning. Mark my marvellous words 😉

  4. @ Asking for a friend Even if he is not a well liked top Admin or he is not the best decision maker that does not mean the statistics he i revealing is not factual….

  5. Are people really still listening to these swindlers?

    You got to be kidding me!
    More bamboozling by these swindlers. This government can fix anything but the crime wave that’s crippling the country.

  6. Well Islanman26 your favorite swindlers caused way more financial damage to this country in just 10 years……….10years……..Imagine if your favorite swindlers were still at the helm…….

  7. How about the PM releasing all the outstanding audited financial accounts for Social Security? I dont want to hear one person’s biased story. Be transparent! Give us the audited financials!

  8. Was also intersting to learn that plm also ran up arrears. Anyway it was good to hear the director state that the current admin has taken steps to put social secirity on firm footing

  9. ALP from 1970’s – 2003 $366M UPP from 2004 – 2013 $550M (HOW!?!?) ABLP from 2014 – Present $130M and will be payed off fully real soon. This Gaston Brown led administration has never added anything to that debt…

  10. @This world.

    Almost 6 years of the time the UPP were in power, America and the Caribbean was in a global recession, even the great America was giving out stimulus checks and loans to stabilize its system.

    It’s not a total excuse, but you must admit that it was the worse time financially for any government in the Caribbean.

    When America sneeze, we get it here in the Caribbean. So to equate that UPP term to the Gatson Browne term, is disingenuous.

    If you understand finances, you would be fair in your assessment. Gatson Browne rule over Antigua in the most lucative time in Antiguan’s history. Investments were flying off the board in the Caribbean after the greatest recession in America’s history around 2014 to now. Billions were coming in, money was being made left right and center(even Gatson Browne got rich)
    So to sit here and think that this government did a good job with all that revenue, is hypocritical, and in fact they should be ashamed of themselves that Antiguan is this far behind today, given the kind of money that came into the island by investors.

    So go back and do an honest research, because that seems to be your short comings.

  11. @This world is a messed up place September 29, 2025 At 5:40 pm
    Can you at least get your facts right as from when the ABL was in power. A simple google search would have told you that the PLM was in power from 1971 through 1976. Is it that you guys just do not give a damn to spread fake and untruth all the time.

  12. Blessed Love ,The IRONY is the sweat and tears of OUR BLACK MUMA and PUPPA staged as first governance(the sacrifices of likkle pay a NATIONAL scheme to SUPPORT POSITIVE DIASPORA RECOVERY. (First prime Ministers 1960s 1970s 1981 INDEPENDENCE you LET my generation down those 50’s born do the math WOW ..too sensitive to limit a BLOG. If we documented the TOTAL truth..T HOSE houses built the monies removed with out BLATANTLY reflecting the LOST already deprived POST COLONIAL MENTALLY .operating shared GREED. .inclusive of JIM CROW /WILLY LYNCH operation past and present and now comparing who was what???
    trusting a brainstorm with integrity and trust can bring the original FACTS we need to respect each other ..and LOVE FOR REAL try to ADJUST give the families PARENTS who never were able to live and accept such a betrayal…the SHARE OF a Ibrahim Traore RECOVERY JUSTICE THINK UNITY AND GRACE..ELDERS LOVE
    Blessed LOVE

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