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Page 4 - அமைச்சர் சமில்லா கொண்சள்வேஸ் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Contingency Fund looking good

New Port Project sees rescheduling

Public Debt increases

Public Debt increases By: Dayle Da Silva• Finance Minister Camillo Gonsalves, during his presentation of the 2021 Revenue and Expenditure at a sitting of the House of Assembly last Wednesday, January 27, disclosed that the public debt stood at EC$1,871,029,887,  as of December 31, 2020. This figure, the Minister said, represented a 12 percent increase over the figure for 2019. In detailing the debt, Gonsalves said the domestic debt increased by 17.2 percent and was now put at EC$579.6 million, with external debt registering an increase of 2.9 percent to now stand at EC$1.29 billion.  The increase in the external debt was the product of soft loans from agencies like the World Bank and other development agencies, against which some net payment were made during 2020.

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