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People’s National Party comes out against Petro Caribe Loan Bill 2015

By on April 4, 2015

Punta Gorda town. Saturday, April 4, 2015. The Punta Gorda-based People’s National Party has added its voice to the list of those who have denounced Parliament’s recently passed Petro Caribe Loan Bill, 2015.

“The PNP joins the CWU, the VIP, the BUA and many other responsible organisations and individuals in roundly condemning this reckless and self-serving piece of legislation,” the PNP said in a statement.

PNP leader Wil Maheia equates the Bill with getting a payday loan.

Wil Maheia

Wil Maheia

“Its fine when you have that money in your pocket, but when your pay check comes in, you have to pay it back, with extra interest,” says Maheia.

The PNP joins with the Christian Workers Union, CWU; the Vision Inspired by the People, VIP;  Belize Unity Alliance “and many other responsible organisations and individuals in roundly condemning this reckless and self-serving piece of legislation.”

The PNP release says that with the new piece of legislation “government is now able, at will and without consultation, borrow unlimited amounts of money to be spent in ways which it does not have to explain – money which has to be paid back.”

PNP concludes that. “when the time comes to pay back the loans, the money can only come from one place – more taxes that you, the honest Belizean working family, will have no choice but to pay.”

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