$1.5bn debt repayment in a year? 'No problem'

* Over 40% of Govt principal matures in 5 years
* Bahamians told: High unemployment prolonged
By NEIL HARTNELL
nhartnell@tribunemedia.net
The Ministry of Finance's top official yesterday said he "foresees no challenge" over the Government meeting almost $1.5bn in debt principal repayments coming due within the next 12 months.
Marlon Johnson, the acting financial secretary, told Tribune Business there would "be no issues" when it came to The Bahamas meeting its sovereign obligations even though almost 18 percent of the Government's outstanding debt principal is to be redeemed over the next year.
The details were laid out in the 2020 Fiscal Strategy Report, tabled in the House of Assembly, which revealed that a substantial chunk of the Government's borrowings - $3.318bn or some 40.5 percent of the total $8.191bn - is due for repayment over the next five years.

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