All options under review – if island wants to borrow

Friday 9th January 2009, 2:29PM GMT.

TALK of the States borrowing from a new local investment company is premature, deputy Treasury and Resources minister Jack Honeybill (pictured) has said.

Deputy Honeybill said the States had not even decided if borrowing for capital projects was the right path to take.

‘Treasury and Resources is currently examining all the methodologies of borrowing,’ he said.

‘We have experts giving us all the available options to see if there is an appetite to lend.

‘We are looking at ways we could borrow but the other States members have not even had their say yet on whether they think we should.

‘If States members decided we should borrow then there are many different ways in which we could.

‘I think it’s a bit premature to suggest the States might borrow from Bailiwick Investments.

‘If we did borrow, it would not necessarily come from a private investment company such as this new one.’

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View more: Jack Honeybill news, Treasury And Resources news.

1
Guern abroad

January 9, 2009 at 4:44 pm

First needs to be a serious and considered review of this so called 400m project spend list.
Is it reasonable (not ‘I want’ in a sweet shop) is it appropriate, is it sustainable and is it realistic.
I suspect that this so called 400m list could well be chopped into and dramatically reduced.
We can’t have every thing that we want, if only people realised this over the last 5-10 years then I suspect the recession would be less as growth in general would not have been so high, due mainly to credit… easy money = easy spending = unrealistic growth.
If you can’t pay for it, save! Credit is really a fancy name for debt!

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