moneAn assurance is given to the population that the PNM led government will not engage in reckless borrowing.

It’s a commitment from Local Government and Rural Development Minister, Franklin Khan.

Government is seeking to get parliament’s approval to have the borrowing ceiling increased to 50 billion
dollars.

Defending the move the ruling administration maintains the increase is needed to give the state wider
coverage to properly conduct the country’s affairs.

Minister Khan speaking in the Senate said citizens can expect borrowing that is in line with globally
accepted standards.

franklin khan minister of rural dev and local govt

Local Government and Rural Development Minister, Franklin Khan

Mr Khan explained that the state will settle its liabilities but noted that there have been instances in
the past where matters relating to accountability and transparency in the awarding of were lacking.

Local Government and Rural Development Minister, Franklin Khan