Jul 17 - Government Rubbishes GSD Credit Finance Advert
The Government has today rubbished the GSD’s new advertisement in the media, displaying their claim that the Government has given Credit Finance Company Limited £400 Million of savers’ money ‘ for them to use as a ‘credit card’ to fund confidential projects.
In response, No 6 has insisted that ‘the gross debt of Gibraltar is now £70m LOWER than the gross debt at the time that the GSLP/Liberal government took over.’
A statement goes on to say that Opposition Leader Mr. Feetham is ‘ therefore making statements and advertisements, which fly in the face of what he has been told in the Budget session of the Parliament.’
The Government continued, ‘Mr Feetham is now repeating statements which are contrary to Sir Peter Caruana's acceptance in Parliament debt is now LOWER than it would have been if the GSD had been returned to office. Sir Peter also accepted that under the GSD the level of debt was reaching the ceiling fixed in law - a complete vindication of the GSLP/Liberal's position at the election and of the Treasury's figures that demonstrated only £2.5m was left at the end of the GSD's last financial year in office.’
Chief Minister Fabian Picardo said that Mr. Feetham ‘seems to be stuck with arguments he cannot make stick and which he is defending despite the facts. The public will judge him very harshly for his pernicious, repeated lies’.
