Utilizing its majority vote in the National Assembly the government late Thursday evening passed two Motions that will see the country’s domestic debt ceiling increasing from $150B to $500B, and the external loans limit moving to $650B from a low of $400B – a move the Opposition said will only place great financial burden on the present and future generations.
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According to senior minister with responsibility for finance, Guyana’s domestic and external debt ceilings are expected to be increased to a whopping $650B, Dr. Ashni Singh. Find out more from Wendell Badrie
After vigorous debates in the National Assembly on Thursday, a motion to increase the country's external and domestic debt ceilings was approved by a majority vote in the House. The decision is significant, reflecting the government's economic strategy and possibly affecting the nation's financial future. Shemar Alleyne has more details…
Antonio Dey reports that Guyana’s external debt totalled US$1.9 billion as of the end of June this year, according to the Ministry of Finance’s Mid-Year Report.
