This year’s double contributions to the Sinking Fund mean that for every $1 Government collects in revenue, eight cents is paid to service debt.

Minister of Finance Paula Cox revealed the news during an update on Government’s accounts yesterday.

She also elaborated on plans to guarantee the financing of the new hospital project and to pay off $210 million in Government debt by the end of 2016.

For the full story, see tomorrow's edition of The Royal Gazette