Government to pay 60% of car loan for MPs, Council of State members
Government to pay 60% of car loan for MPs, Council of State members ONE MINUTE READ: The Finance Ministry had tabled two different loan agreements in Parliament to that effect. If approved, each MP and each council of state member will receive about $100,000 for the purchase of a vehicle. With regard to the MPs, government is seeking approval to secure a $28 million loan facility from the National Investment Bank for the initiative. It is further asking Parliament to ratify an additional $3.5 million loan agreement with the NIB to purchase vehicles for the 31-member council of State.