NO Cut to SLB Budget

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.

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