Winston Dookeran

Dookeran against withdrawal from Heritage and Stabilisation Fund

Former Finance Minister Winston Dookeran does not agree with the Government’s decision to withdraw money from the Heritage and Stabilisation Fund (HSF). He said it was not prudent to do so when other sources of income have not been exhausted.

Dookeran described the withdrawal as a “fiscally regressive move” as the HSF is a key pillar to the credit credentials of the sovereign ratings of the country and he warned of repercussions since the fund was created for a specific purpose.