Monday, October 23, 2017

Imbert: Last Govt burn up $6 billion in 2 years... *

‘Three weeks ago we had enough $$ to run country for 5 minutes’

‘DEALING WITH IT’: Finance Minister Colm Imbert gesticulates during his address at the PNM post-budget meeting on Friday night in Belmont. —Photo: CURTIS CHASE


Three weeks ago, Government had enough money to run this country for just five minutes.

This is according to Finance Minister Colm Imbert.

Speaking at the People's National Movement's (PNM) annual post-budget public meeting on Friday night, at Piggott's Corner, Belmont, Imbert said on Thursday he came across a letter from the Central Bank Governor, written around the middle of last month, stating that the overdraft at the Central Bank was 99.7 per cent of its limit.

 

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