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$150m to finance hospital

ALBERT BRANDFORD, [email protected]

$150m to finance hospital

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ONE OF THE major highlights by Government of its proposed spending for fiscal 2017-2018 is a near $150 million subvention to the cash-strapped Queen Elizabeth Hospital (QEH).

The notice is contained in a press release issued by Government yesterday after the Estimates of Revenue and Expenditure were laid in the House of Assembly.

Apart from the $146.3 million for the QEH, selected in the statement, it also points to subventions of $87.7 million and $8.6 million for the Barbados Tourism Marketing Inc. and the Barbados Tourism Product Authority, respectively.

Amounts of $25.03 million and $4.96 million have been provided to enable the preservation of investments made in CLICO International Life Insurance Limited and British American Life Insurance Company (Barbados) Limited, respectively, while $8.0 million and $7.1 million have been provided for the CAF Road Rehabilitation Programme and the IDB Road Rehabilitation Programme, respectively. (AB)

Please read the full story in today’s Midweek Nation, or in the eNATION edition.