Opposition Leader Bharrat Jagdeo yesterday challenged Finance Minister Winston Jordan to disclose the total savings to the economy from the collapse in oil prices, while arguing that the windfall could help finance significant pay hikes for public servants.
Delivering his presentation on the government’s proposed $230B budget for 2016, after which he led a PPP/C walkout from the National Assembly because he was not the penultimate speaker in line with tradition, Jagdeo slammed the Minister of Finance for not doing more for consumers given the steep reduction in oil prices – at points falling below US$30 per barrel. He estimated that over $11B in monies has been saved
