LGOIMA Request Details: LG1935
Date received: 28/07/2020
Requested information: More about MDC Debt
Status: Complete
Date responded: 29/07/2020
Response:
Please find following my reply to your questions:
Under LGOIMA 1987, please inform amounts of all new loans taken out since 2018, year inclusive.
MDC operates on financial years, 1 July to 30 June, so I have provided the information for the last three financial years
Loans Raised Loans Repaid Increase in debt 2017/18 FY 8,000,000 - 5,000,000 3,000,000 2018/19 FY 20,500,000 - 13,500,000 7,000,000 2019/20 FY 21,372,340 - 12,372,840 8,999,500
Also, what is the TOTAL amount MDC owe as of 30/6/20?
Debt Level as of 30/6/2020 78,707,101Kind Regards, Richard