Bridgetown.
The Government goes to Parliament this morning seking approval of over $40 million to shore up borrowing of the state run Caribbean Boardcasting Corporation (CBC)
.Minister of Finance Chris Sinckler will move a resolution to pay the principal and interest of outstanding loans of the CBC.
CBC proposes to obtain loans from the Bank of Nova Scotia to finance the purchase of digital Multi-Choice equipment, consolidating massive debt obligations to the National Insurance Board and the Value Added Tax Department.
The heavily indebted corporation, operates the island's lone television channel, three radio stations and a cable television service.
