Gov’t will not seek funds beyond DSS’ budget

Government said it will not seek funds from the Dominica Social Security that are beyond the institution’s budget.

Minister of state in the ministry of foreign affairs Alvin Bernard said on Thursday that government will also not force the Social Security to pursue investments which are inconsistent with the company’s policies.

Speaking at the DSS fifth stakeholders meeting at Fort Young Hotel Bernard mentioned there are claims that government acquires loans from the DSS.

“Neither will we approach the DSS for financing which will be injurious to the fund. Government securities held by the social security are being serviced in accordance with existing agreements,” he pointed out.

He said, “Investments undertaken by the DSS are consistent with the approved investment policy.”

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4 Comments

  1. Tobacco well pressed
    December 9, 2011

    Government broke like Hell, can’t pay its debts – ask d Cab Sec or d FS!!
    Woy, woy, woy,something happening!!!

  2. Anonymous
    December 9, 2011

    utter rubbish!!! wait till all u cannot pay public officers and is there first all u will run.

    by the way, why not make those chinese all you bring here pay tax and social security?

  3. ....Malatete
    December 9, 2011

    Does this mean that they have borrowed up to the limit already and that DSS is holding a lot of IOU’s from Govt.?
    PS. DSS is not a company.

  4. My2Sense
    December 9, 2011

    Thanks for reassuring us Mr. Bernard.

    (Sarcastic frown)

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