Gov’t Seeking Investment Firm to Help Raise Budget Giveback Targets

Finance minister, Dr. Nigel Clarke, says the process has begun to find a firm to help in his quest to raise $25 billion from the securitisation of receivables to fund several give backs announced during his budget presentations in March.

Among the give backs is a reverse tax credit of $20,000 for tax payers who earn less than $3 million annually.

But he says the details cannot be disclosed at this time due to market sensitivity.

Dr. Nigel Clarke, finance minister.