Coalition says nothing wrong with government bonds

The members of the coalition on Friday made it clear that they do not agree with the opposition that claims that Parliament is not keeping an eye on the government. The opposition on Thursday criticized the government for its decision to issue US dollar-denominated government bonds. The government recently hauled in $550 million through the government bonds. MP Andre Misiekaba (NDP) pointed out that Parliament has in fact ‘beefed up its ‘surveillance’ and that he is puzzled by the fact that the opposition is making such a fuss. He is also puzzled by the fact that the opposition has concluded that Parliament has given the government a ’permit’ to contract loans without permission. MP Misiekaba explained that the National Debt Act is in place and that it is a tool that Parliament produced to keep the government in check. He explained that there is nothing wrong with the government bond loan. The government stuck to the guidelines of the law and did not exceed the loan limit. “Our job is to check if the government worked in accordance with the law,” said the leader of the NDP faction in Parliament. The committee on National Debt and the fixed committee on Finances have reportedly been mobilized to study this matter thoroughly. MP Misiekaba also explained that for the first time ever a committee session was not held behind closed doors last week. “Committee sessions usually take place behind closed doors. Now we are taking a step further by giving access to the people.”