When the time is right!

Minister of Finance Dr Nigel Clarke says the public will receive more details about the securitisation of Government receivables, “when the time is right”. 

Clarke made the announcement on Taking Stock with Kalilah Reynolds, on March 26 after the close of the National Budget Debates.

During his opening presentation, the Minister announced that the Government would sell some $45 billion worth of Government receivables to help fund its $1.3 trillion 2024/2025 budget.

Receivables are funds owed to the government that have not been collected. Securitising receivables refers to bundling those uncollected funds, selling them to the market and receiving the money upfront.

The Finance Minister did not provide any additional information about the process, such as what the receivables are that will be sold, any potential buyers and whether the money would be received at once or over time.