The Fiscal Responsibility Council has warned that some loans, initially classified as short-term liquidity support, are now considered long-term debts. As of the end of March, loans to Bahamas Power & Light represented a significant portion of the 631.4 million dollars owed by public entities. The council emphasizes that these loans, often extended beyond one year, pose a budgetary risk for the state.
Government Loans: Temporary Support Becomes Long-Term Debt
This article was updated at 22:30.