Director of Communications in the Office of the Prime Minister, Robert Nesta Morgan, says the capital budget of the Students’ Loan Bureau, SLB, has not been cut.
He’s responding to a claim made by Opposition Spokesman on Finance, Dr. Peter Phillips, who yesterday said the SLB’s capital budget was reduced by 1-hundred million dollars.
Dr. Phillips was speaking during the PNP’s post budget press conference yesterday.
However, in a post on Twitter, Mr. Morgan says the budget for the financial year 2016/ 2017 had an additional one-off $100-million contribution from the HEART Trust.
He says this will not be repeated for the 2017/2018 financial year.