The APNU+AFC Parliamentary Opposition yesterday pilloried the government for paving the way for increased extractions from the Natural Resource Fund (NRF), following the passage of the Fiscal Enactments Amendment Bill No. 2 of 2024 on Friday night in the National Assembly.
The bill was passed in the absence of the opposition which walked out to register their indignation at what they said was eavesdropping and the broadcasting of private conversations by their members, within the confines of their private room in the precincts of parliament at the Arthur Chung Conference Centre.
Leader of the Opposition Aubrey Norton during a press conference held yesterday at Congress Place, Sophia, Georgetown, said that the government intentionally proposed a new formula so that it can withdraw 100% of the first US$1 billion of deposits paid into the NRF in the immediately preceding fiscal year.