Saturday, December 23, 2017

NOTLEY BORROWS $37BILLION; BUSINESS AS USUAL

Finance department spokesman Mike Berezowsky said the order simply gives authority to the borrowing plans running through the end of the 2019-20 fiscal year that were laid out in the spring budget.
“It’s not like we’re borrowing $37 billion tomorrow,” said Berezowsky.
“What this $37 billion represents is … the next two fiscal years as published in the budget 2017 fiscal plan.”
That borrowing, and total debt projected to sit at $71.1 billion by the end of 2019-20, has prompted fierce criticism from opposition parties.

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