THE deficit for the fiscal year has ballooned to $677.5 million because of Hurricane Dorian, prompting the government's plans to borrow $507.9 million to meet the shortfall. Deputy Prime Minister and Minister of Finance Peter Turnquest said in the House of Assembly yesterday that he will table resolutions for the borrowing in two weeks along with a supplementary budget to address expenditures and revenue losses associated with Dorian's passage. The government initially projected a deficit increase of $430 million. In compliance with the Fiscal Responsibility Act, Mr Turnquest tabled a fiscal strategy report yesterday that highlighted the challenges the country faces recovering from the monster storm.

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