Antigua needs financial aid to meet obligations

Antigua\'s Finance Minister Harold Lovell said the government is in need of funds to meet its financial obligations.



In his budget presentation yesterday, Mr Lovell told the parliament that the current global financial climate has affected the Baldwin Spencer administration\'s ability to finance its debt.



He said that debt service payments for 2010 have been budgeted at $214.5 million.



The Finance Minister said that even with a primary surplus of $104.6 million, there is still a $110 million financing gap.