Extraordinary Parliament sitting next week as Opposition seeks to have VAT changes annulled

The Parliament will meet in an extraordinary session next week to debate a motion to annul the recent changes made to Value Added Tax.

The motion is to be presented by Tabaquite Member of Parliament Dr Suruj Rambachan.

A statement from the Parliament reads:

"In accordance with Standing Order 13(3) of the House of Representatives, there will be an Extraordinary Sitting of the House of Representatives to be held on Tuesday March 8, 2016 at 1:30 p.m. 

Government seeks to borrow $15 billion

The Government will present a motion in Parliament on Friday, seeking authorisation to borrow as much as $15 billion dollars either locally or externally.

The motion forms part of the Order Paper released by the Parliament this morning.

It will also present another motion that will seek to set a limit of $45 billion for borrowings of companies that are guaranteed by the Government.