Low: `The fact is, if they have to change the rules so quickly, they didn’t have a realistic plan in mind of how to spend government revenue. What they are saying is, presumably, they see more and want more to spend’
The Opposition APNU+AFC will not be supporting proposed changes to the Natural Resource Fund Act if it means amendments to merely increase withdrawal amounts, Opposition Leader Aubrey Norton says.
The Opposition believes it will be to allow for more monies to be withdrawn and to increase this country’s debt ceiling, with this only adding to “wanton spending,” “wild borrowing,” “recipes for corruption,” and “less funds for intergenerational savings.” Accordingly, in view of this perspective, it will also not support an increase in the external and domestic debt ceilings.
And while the government hastens to assure that both the proposed Natural Resource Fund (NRF) changes and the increase in Guyana’s debt ceiling will not negatively impact this country’s economy or contribute to the Dutch Disease affecting the country, the Opposition holds a different view.