Opposition member of parliament Faiyaz Koya said the 2025-2026 budget is built on borrowed money.
He made the comments in Parliament this morning.
.”Let me begin by congratulating the government on a fantastic budget, truly fantastic, fantastically contradictory, fantastically inconsistent, and a budget I see that defies economic logic and fiscal honesty, all while being wrapped in political marketing,” he said.
“It is almost poetic because they campaigned against debt, decried borrowings as financial doom and shouted from their own pulpits that the debt was unsustainable.”
“And now we are presented with a deficit of nearly $900 million.”
“We have read all the summaries, the colorful slides and the grand talk of building security, stability and prosperity, very important points, probably Deputy Speaker, but when you actually strip away the slogans, the reality is plain, the budget is actually built on borrowed money.”
Mr Koya said the budget is built on “wishful promises.”
“It is built on hope that someone else will foot the bill tomorrow.”
