Kumar slams budget over rising debt

Opposition Member of Parliament Premila Kumar has strongly criticized the 2026-2027 National Budget, labeling it as irresponsible. Kumar specifically took issue with the government's strategy of increasing borrowing at a time when national revenue is in decline. She argued that this approach is fiscally unsound and unsustainable.

Kumar highlighted concerning financial trends, stating that the government's debt is expected to escalate by $1 billion. Concurrently, revenue has seen a significant drop of $127 million. Adding to the fiscal pressure, expenditure has also increased when compared to the previous financial period. This combination of factors raises serious questions about the budget's long-term viability.

The opposition's critique points to a potential mismanagement of public finances. Kumar's remarks suggest a lack of confidence in the government's economic planning and its ability to manage the nation's finances effectively. The budget's reliance on increased borrowing while revenue shrinks is presented as a critical flaw that could have adverse consequences.

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Opposition Member of Parliament Premila Kumar has criticized the 2026-2027 National Budget, describing it as irresponsible and questioning the government’s decision to increase borrowing while revenue declines.