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Political expediency increasing debt stock, says Tufton

Published:Monday | February 24, 2014 | 6:00 PM

Debbie-Ann Wright, News Editor - Radio



KINGSTON, Jamaica:

The co-executive director of the Caribbean Policy Research Institute (CaPRI), Dr Christopher Tufton, has stated that successive governments have racked up huge debt in the name of political expediency.




Tufton was speaking this morning on Independent Talk on Power 106 FM as the Gleaner group continued its look at economic issues studied by CaPRI in recent months.



He says oftentimes politicians and others in authority give in to the pressure to respond to socio-political issues.



He says this often leads to spending in areas which are unsustainable and for which significant debt is incurred.



Tufton cites the subsidisation of the sugar industry and Air Jamaica as examples in which various administrations have given in to socio-political pressures.



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