IS THERE ANY MONEY IN THE KITTY ?

Debt to GDP

National Debt

The first thing the new Government has to or had to decide is what to do about the money that the country needs to keep running.  That required a look see at what the last administration had done. Rumours abounded that they had agreed to a loan at exorbitant interest rates and one that tied the country to raising the VAT rates.  So the FNM went into attack mode and said that the PLP could not fulfil its promises to lower the VAT rate. That is false. The point is though, the  loan should be renegotiated. The interest rate does not seem right and the parties involved in the  actual negotiations of the loan seemed like family and friends. Would such existing arrangements be in the best interest of The Bahamas?  We should know shortly what the new government intends to so.