Debt Servicing Falls Below 40%

Finance Minister, Audley Shaw, says for the first time in a long while the Government will be spending under 40-percent of the budget on debt servicing.

Mr. Shaw says this development is noteworthy.

Minister Shaw says the country is reaping the benefits of specific liability management operations that began two years ago.

The committee began its review today of the $774-billion budget which was tabled by Minister Shaw two weeks ago.

The meeting of the standing finance committee is still underway.

Minister Shaw is scheduled to open the Budget Debate on March 8.

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