Public Debt, a constraint, says new administration

PRIME MINISTER, Dr. Godwin Friday, has raised concerns about “the massive public debt” of St Vincent and the Grenadines (SVG).

He said in Parliament on Monday, February 9, 2026 that as at the end of December, 2025, the public debt stood at $3.5 billion.

“This level of indebtedness constrains choices, crowds out opportunity and weakens our capacity to respond to shocks,” Dr. Friday stated.

The prime minister, who is also the Minister of Finance stated further that “ our task is therefore not cosmetic adjustments, but strategic structural repairs”. He said the task of the new NDP administration is to place the public debt “on a firm and credible downward path”.

Dr. Friday said this must be done while “simultaneously revitalizing the public and private sector of the economy, to drive growth, jobs and prosperity”.

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