Mar 11 - Debt Continues To Hit Record Highs Says GSD
The Leader of the Opposition has today said that Government Net Debt continues to hit record highs. In addition, the GSD says “it is now clear beyond any argument that the Government is using Credit Finance Company Limited and the Gibraltar Savings Bank (“the GSB”) in order to fund its expenditure and projects.” As a consequence,says the Opposition, the combined debt of this community is around £800 million, which it says it “nearly twice as much as the amount the Government could legally borrow if it did so directly.” The GSD says that these “eye watering figures” are all the more remarkable given that in 2011 Mr Picardo claimed that the GSD was “addicted to debt”, when net debt was £240 million.
Leading global law firm Latham & Watkins and leading Isle of Man law firm Dougherty Quinn (“DQ”) will be running their successful “Global Tax Investigations & FATCA in practice” conference in Gibraltar on 25 March 2015, in conjunction with The Gibraltar Association of Compliance Officers (“GACO”) and the Gibraltar Funds and Investments Association (“GFIA”).
The Gibraltar FA is delighted to announce that, at the invitation of the Croatian FA, an International Friendly will take place between Croatia and Gibraltar, at the Maksimir Stadium, Zagreb on the 7th June.
The Chief Minister, Fabian Picardo, travels to Thetford (Norwich) today to visit the Royal Gibraltar Regiment during UK training.
