Earlier, we reported the provincial Liberals are spending $150,000 a month on debt servicing. And now we can reveal further details about that spending: our understanding is $30,000 is going toward interest payments with the remainder being mandatory payments on the principal.
Liberals crunched by numbers?
January 22, 2010
A $30,000 interest payment implies approximately $5M in debt, which matches the loan numbers cited in the earlier article. If they keep paying down $120,000 a month, they should have the debt retired just before the next election rolls around. Which is pretty normal for a political party. Dog bites man.