Jagdeo warns of excessive gov’t borrowing

Opposition leader Bharrat Jagdeo during his presentation on the budget yesterday

Leader of the Opposition Bharrat Jagdeo yesterday warned of excessive borrowing by the government and said that negative traits in major fiscal accounts paints an ominous future for the country.

Making his presentation on the government’s proposed 2019 national budget in the National Assembly yesterday, the former president said that the goals of the budget as presented in its title are not achievable since its measures contradict its goals.

Minister of Finance Winston Jordan, on November 26th, presented a $300.7 billion budget under the theme “Transforming the Economy, Empowering People, Building Sustainable Communities for the Good life.”