St. Kitts and Nevis has reduced its national debt in half.

Prime Minister and Minister of Finance, the Right Hon. Dr. Denzil L. Douglas told hundreds of party supporters on Friday that the national debt has been reduced from 200 percent to 100 percent and his Labour Party Administration is now prepared to move the country forward in the transformation of the economy.

“I told you all months ago that we had a new economic development plan. I told you that we had to do certain things if we were going to move forward. We said we got to bring down that ‘bamancoo’ national debt right down. It got to come down! It got to come down! It was 200 percent of GDP. Thank God, last week, it went down to 100 percent of GDP. Now we can move forward,” said Prime Minister Douglas.

He said his Government is one step ahead of the rest and nothing is going to stop the forward movement.

“How are they going to stop us? And so I emphasise we are moving upward and forward. Comrades, the vision is what they don’t have,” said Dr. Douglas, who reiterated that his St. Kitts-Nevis Labour Party has a vision for the future of the twin-island Federation.

“We are transforming the economy. We have to move agriculture to become one of the leading productive sectors in the future and that is why I say to you again that we are attracting people into agriculture. We want hydroponics. We want green houses, we want shade housing, we want aquaculture, we want to make sure that we don’t depend on the rain when it falls to irrigate our crops because we want crops all year round,” said Prime Minister Douglas.

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