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Local Contractors owed Millions by the state

colmimbertMillions of dollars owed to local contractors are one of the reasons for the government seeking to lift the ceiling on borrowing. Planning Minister Camille Robinson Regis says it is absolutely necessary to raise the ceiling


The Minister of Finance will tomorrow go to the parliament and seek approval to raise the borrowing ceiling by 50 billion dollars. Speaking with reporters yesterday Minister Robinson Regis said the problem is one inherited by her government from the last administration. President of the Trinidad and Tobago Contractors Association Mikey Joseph is reported as saying contractors are owed more than one billion dollars by the state.



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