Bid for $1 billion more
May 15, 2013
BRIDGETOWN, Barbados - For the fourth time in five years, Government has gone to Parliament seeking an increase in the amounts of Treasury bills and Tax Certificates it can issue. Minister of Finance and Economic Affairs Chris Sinckler introduced a resolution at yesterday’s sitting of the House of Assembly to raise the limit from $1.75 billion to $2.75 billion Sinckler said the move was necessary “during this time of economic challenge”. In 2008 the limit was raised to $1 billion, in 2010 it went to $1.2 million and it was again increased to $1.75 billion in November of 2011.
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