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PM: Over $10m available to pay private sector

PM: Over $10m available to pay private sector

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Over $10 million has been made available to reduce the amount of money owed by the Government to the private sector here.{{more}}

The disclosure was made by Prime Minister Dr Ralph Gonsalves last Friday, November 12, at a media briefing at Cabinet room.

The prime minister said that he put the necessary arrangements in place to clear off at least fifty per cent of the back log of monies owed to the private sector.

“The money is there in the Treasury for the supplies of goods etc, and we have some more to pay,” Gonsalves said.

The issue was raised as Gonsalves spoke of the ongoing recovery efforts in the aftermath of Hurricane Tomas, saying that money was owed to private sector persons for items supplied.

The issue had been raised previously by Opposition Leader Arnhim Eustace.

Speaking at a town hall meeting on October 7, Eustace said that should his party, the New Democratic Party (NDP), form the next government, he would address the issue of money owed by Government to the private sector.

According to Eustace, the current administration owes between $30 to $40 million to the private sector and other public workers. (DD)