Barbados Government Out Of Cash?
This is the fifth time this year that we have heard reports of cashflow problems with the Government of Barbados. Just last Wednesday June 21st, Barbados Forum posted that sources are claiming that “…the GoB is currently experiencing an acute cashflow problem on Current Account…” (See Barbados Government Cash Flow Problem?)
More indications of cashflow problems surfaced yesterday when 1000 employees of the Barbados Water Authority walked off the job over the government’s failure to pay back wages as previously agreed.
Have We Overspent on the Cricket World Cup, Mr. Prime Minister?
Watch you wallets, folks… Somebody has to pay the piper, and that somebody is going to be each one of us!
Excerpt from the CBC report (link here)…
Workers at the Barbados Water Authority walked off the job and they only returned after management agreed to start paying new wages and salaries from this week.
The near one thousand workers say the BWA had promised to start payment from last month, but nothing has happened.
This morning they refused to drive a stroke telling management that they would stay off the job until an agreement on when they will be paid was reached…
Early last month, the Barbados Workers Union and the BWA agreed to the new rates, which cleared the way for the workers to collect over 10 million dollars in back pay.
At that time, it was said that payments would start at the beginning of May, but this has not happened.