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Tuesday, January 3

PRIME MINISTER EXPLAINS SOCIAL SECURITY MORTGAGE WRITE OFF

LoveFM "
Prime Minister Dean Barrow today gave a detailed explanation of the multi-million dollar mortgage write off for poor and middle class citizens. In his New Year’s address to the nation, Mr. Barrow announced that his government will be taking over seven hundred and eighty over non-performing mortgages from the Belize Social Security Board. The intention, according to the Prime Minister is to then write those mortgages; which means relieving the holders of their obligations and putting more money in the hands of those who need it most. "