Vice President Bharrat Jagdeo yesterday defended his government’s support for the private sector in this year’s national budget, calling it part of its vision for economic development.
“We have no apology for trying to help the productive sectors of this country,” Jagdeo declared during his contribution to the budget debate.
Former Minister of Finance Winston Jordan had accused the current government of eroding the revenue base through the reversal of several tax measures. He explained that this reduction combined with the expected widening of the deficit could saddle Guyana with unsustainable debt. “You are destroying the revenue base and borrowing money. All because you want to destroy what you found and claim it was manifesto promises,” Jordan chastised last week.
