In a recent statement, the Alliance For Change (AFC) expressed serious concerns over the government’s excessive borrowing practices, highlighting that Guyana possesses substantial funds in the Natural Resource Fund. According to the AFC, these significant financial reserves should negate the need for further borrowing.
The party’s alarm is rooted in the potential risks associated with excessive debt accumulation, which could burden future generations and impact the country’s fiscal stability. The AFC urges the government to exercise prudence in financial management and explore alternative avenues, leveraging the resources available in the Natural Resource Fund to address economic needs without resorting to unnecessary borrowing.
