Opppsition will not be made to raise The Debt Ceiling from $1B to $150B – AFC Leader Khemraj Ramjattan
Looking back at two consecutive sittings of the National Assembly when the Government failed to move forward with the four bills necessary for Local Government elections, which have been held back by a decade and a half – Leader of the Alliance For Change, Khemraj Ramjattan came to one conclusion.
Ramjattan said his party, which holds seven seats in the National Assembly and holds the balance of power, has no problems supporting the legislation to make the area around Amaila Falls a protected area. But he said the party will not be made to support a motion to raise the debt ceiling, allowing public corporations to borrow from 1 billion, that it is now, to 15o billion dollars under guarantee from the Government. The AFC has been maintaining that it will wait until the Inter-American Development Bank says the project is feasible until it throws in its support behind the Hydro Project, but raising the debt ceiling is out of the question.
The Government has sought to suggest that they will return to the National Assembly with the legislation to support the Hydro Project on August 7, provided it wins support in negotiations with the opposition. Ramjattan today said there has been no approach to the AFC for discussions.
Ramjattan said the Government must put the Local Government Bills back at the top of the agenda, or at the very least, commit to passing them and having the President assent them into law before it can get support for its other business.