QEH, BWA and Transport Board in major arrears to suppliers

The first quarter of Government’s new financial year ended with public entities owing their suppliers nearly $40 million in overdue payments.

Among those in arrears were the Queen Elizabeth Hospital (QEH), Barbados Water Authority (BWA) and Transport Board, leaving them and some other state-owned enterprises (SOEs) exposed to more “liquidity and operational risks”.

These financial obligations to creditors are detailed in the Quarterly Central Government Fiscal Operations Report for the April 1 to June 30 period prepared by the Fiscal Risk Unit of the Ministry of Finance.