In a pivotal address to the National Assembly on Tuesday, Vice President Gregory Rusland underscored the critical importance of financial discipline, transparency, and oversight in managing Suriname’s state debt. Speaking during the deliberation on amendments to the State Debt Law, Rusland highlighted the shared responsibility of the government and parliament in fostering robust financial systems. ‘We must collectively strive to enhance our systems, particularly our financial framework,’ he asserted. ‘This requires society to implement the right measures to continuously improve.’ Rusland acknowledged concerns about granting the government unchecked borrowing power but reassured that the administration does not seek a ‘blank check.’ ‘Checks and balances are integral to any system. Oversight is not an act of hostility,’ he clarified, emphasizing the government’s openness to parliamentary scrutiny as a cornerstone of good governance. The Vice President expressed satisfaction with the bipartisan consensus achieved on the issue, noting that such collaboration reflects a commitment to national interests. ‘When it comes to matters vital to our country, we can find common ground. This was evident in the Electoral Regulation as well. This marks a hopeful beginning for joint decision-making in the national interest,’ he remarked. The amendment to the State Debt Law 2025 was passed with 36 votes in favor, including support from 25 coalition members and 11 opposition VHP members. The revised law grants the government temporary borrowing flexibility while strengthening oversight through a mandate for the Minister of Finance and Planning to submit an annual State Debt Plan alongside the budget. Rusland described the amendment as ‘a step toward bolstering macroeconomic stability, provided the new borrowing capacity is used responsibly.’ He concluded with a call to action: ‘Our future hinges on discipline and collaboration. Only then can we build a financially resilient Suriname.’
