Government to pay 60% of car loan for MPs, Council of State members

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Government to pay 60% of car loan for MPs, Council of State members


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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.

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