Finance Minister, Dr Nigel Clarke, has announced that Student’s Loan Bureau (SLB) debtors in good standing will this year see a 2-percentage points decline in the interest rate on their loans.
The Finance Minister also revealed that effective April 1 this year, the interest rates on other SLB loans will also be reduced.
Meanwhile, Minister Clarke also disclosed that the government will be moving to buy 1-thousand new police cars this fiscal year and renovate 60-police stations.
Minister Clarke made the revelation while he gave details about the 61-percent increase in the national security budget for this fiscal year.
The Finance Minister also told Parliament that the government is taking tangible steps to improve access to micro-financing.
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