PRESS RELEASE | "GOB COMPLICITY IN THE USE OF SSB FUNDS"


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Belmopan | June 30th, 2016

PRESS RELEASE

"GOB COMPLICITY IN THE USE OF SSB FUNDS"

Your Belize Progressive Party - BPP, finds the recent announcement from the GOB concerning its intended use of Social Security Board funds to purchase shares in utility companies as, not only egregious, but also ill-conceived, 40 million in the failed Intelco and millions in other failed projects.

The use of SSB funds, which represent the nest-egg of the nation’s workforce must not be treated in such a flippant fashion, especially given the tenuous economic state of the nation, coupled with the fact that successive administrations persist in not adhering to the universally accepted concept of accepting and adhering to good governance principles and practises. The BPP identifies the stubborn obstinance of elected officials to not sign on to the United Nations Convention Against Corruption (UNCAC) as a clear indication that any such contemplation by the GOB to “invest” SSB funds, in such fashion, as suspect. In fact, it hearkens back to the exploits of the former PUP administration which squared the people’s money to the tune of $3.34 million in one instance.

Therefore your Belize Progressive Party takes this opportunity to remind Belizeans and true friends of Belize, both at home and abroad, that the people’s money is nothing to play with and until the principles in the two, major political parties are serious about taking the substantive steps toward effectively dealing with corruption, their blatantly convenient calls for accountability on one hand and the utter lack of impetus to implement it, reeks of hypocrisy and arrogance, at the penultimate level. Hence the BPP rebukes the blatant corruption which has characterised the past 34+ years of Belize’s governance and reminds the people of this nation that the substantive change which is required to move this nation forward can only be made by way of holding those in positions of authority, accountable at all times!

8867 Today 8867 Tomorrow 8867 Forever Belize, Sovereign and Free - NO ICJ!

To know more visit us at: www.belizeprogressiveparty.org

END OF RELEASE

#pressrelease #economy #ssb #socialsecurity #socialsecurityboard

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