Out of curiosity ... the GNL is issuing debt; but how much does it spend on investment (say in infrstructure), as opposed to subsidies and operating expenses?
The Bondholders of our debt will have to step in and solve this problem for us, hopefully.
Maybe this is why the politicians are out spending like drunken sailors. New schools all over the place. $10 Million for restaurants. Next thing will be pavement in to everyone's toilet. $30 Billion or $35 Billion or $40 Billion - whats the difference? The numbers are so mind boggling that no one can relate.
Out of curiosity ... the GNL is issuing debt; but how much does it spend on investment (say in infrstructure), as opposed to subsidies and operating expenses?
Capital works budget is roughly $500 million.
The Bondholders of our debt will have to step in and solve this problem for us, hopefully.
Maybe this is why the politicians are out spending like drunken sailors. New schools all over the place. $10 Million for restaurants. Next thing will be pavement in to everyone's toilet. $30 Billion or $35 Billion or $40 Billion - whats the difference? The numbers are so mind boggling that no one can relate.