The government proposes to increase its borrowing authorization from 2.5 billion to 5 billion dollars. During a debate in the House of Representatives, the Minister of Finance specified that this change aims to create budgetary space to finance national priorities. He also highlighted the improvement in Barbados' debt situation since the government took office in May 2018.
The government plans to double its borrowing limit to 5 billion dollars
This article was updated at 19:20.