Jagdeo flays opposition for ‘vindictive’ budget cuts

President Donald Ramotar cutting the ribbon dedicating the new NBS Chief Office. To Ramotar’s left are Moen McDoom, Chairman; former President Bharrat Jagdeo, NBS CEO Ahmad Khan and Minister of Finance Dr. Ashni Singh. (Anjuli Persaud photo)

Former President of Guyana Bharrat Jagdeo yesterday lashed out at the opposition for cutting the Low Carbon Development Strategy (LCDS) funds from the budget and said it will hold the country back and retard growth.

Jagdeo was speaking at the opening of the new $700 million Chief Office of the New Building Society (NBS) at the corner of North Road and Avenue of the Republic.

In his first major statement here since demitting office, Jagdeo said that the LCDS funds – in the amount of $18 billion – was “unconscionably” cut from the budget. He noted that in