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Guyana: Big hike in domestic debt ceiling approved

The National Assembly yesterday approv-ed an increase of the domestic debt ceiling and up to press time was still debating a motion for a similar increase of the external debt ceiling.

Minister with responsibility for Finance Ashni Singh on January 28  tabled in the Assembly “The Public Loan (Increasing of Limit) Order 2021” and the “External Loans (Increasing of Limit) Order 2021”.

Singh told the House, meeting at the Arthur Chung Conference Centre,  that the two orders will allow the government to regularize the outstanding debt of the last administration while creating space to finance a robust development plan.

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