Friday, March 29, 2024

Govt starts talks with debtors

Date:

Share post:

Government has started to have preliminary discussions with several entities it is indebted to.

Minister in the Ministry of Finance Ryan Straughn told the Sunday Sun that after these discussions reach an advanced stage, priority would be given to repayment but it would be a phased process since the country is $1.2 billion in debt, dozens of agencies are owed, and the adjustment period under the Barbados Economic Recovery Transformation (BERT) programme is underway.

The minister was reluctant to provide a list of the entities owed, saying they wanted to treat to the debt as equitably as possible.

 “The truth is the debt is over a billion dollars. The Government owes almost everyone in Barbados,” he admitted. (BA)

Subscribe now to our eNATION edition.

For the latest stories and breaking news updates download the Nationnews apps for iOS and Android.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Related articles

Natassia’s journey from tragedy to triumph

In a world often characterised by turbulence and uncertainty, a beacon of hope often emerges from some of...

No decision yet on Lester Vaughan School

A firm decision has not yet been made regarding when the Lester Vaughan School will be reopened. Following a...

BDF to conduct simulation exercise on April 2 & 3

The Barbados Defence Force (BDF) will conduct a Mass Casualty Simulation Exercise from Tuesday, April 2, to Wednesday,...

Barbadians reminded to file taxes online as filing season starts

The Barbados Revenue Authority (the BRA) is advising that tax filing season for 2023 begins on April 1 this...