Finance Minister Dr Ashni Singh yesterday disclosed plans for a revision of the Natural Resource Fund (NRF) withdrawal rule and a hike in the domestic and external debt ceilings.
Presenting his 2024 budget, he announced that US$1.15b in oil proceeds will be available for budget 2024. The figure for the 2023 budget was $1b.
Singh then spoke about optimizing the financing mix and said that the government will be proposing the following for the consideration of the House.
An increase in the domestic and external debt ceilings to “provide the flexibility needed to optimize on the financing mix while at the same time safeguarding our domestic sustainability”.
