Suriname’s national debt has increased by approximately USD 800 million during the first year of the Simons administration. This rise has prompted the Association of Economists in Suriname (VES) to raise concerns regarding the quality of the government’s budgetary policy and the economic justification for the new debt.
VES secretary Swami Girdhari noted that while an increase in national debt is not inherently problematic, the current trajectory raises questions about how these funds are being utilized. There are concerns that future oil revenues may be directed toward servicing existing debts rather than being invested in national development.
Article source: dagbladdewest.com | Image credit: DE WEST