Tag Archives: Dr. Ashni Singh

Jagdeo, Westford, Selman among PPP parliamentarians announcement – Ramotar out!

Combined Opposition slashes $37.4B from 2014 Budget

Combined Opposition slashes $37.4B from 2014 Budget

APRIL 17, 2014 | BY  | …Amaila vote responsible for $22B
Finance Minister, Dr Ashni Singh defends the budgetary allocations

Finance Minister, Dr Ashni Singh defends the budgetary allocations

Finance Minister, Dr. Ashni Singh, last month presented a $220B Budget for 2014. By the time the voting was finished yesterday, some $37.4B was slashed from the Estimates, leaving the administration with only $182.6B.

Those affected by the cuts are the Ministries of Health, Amerindian Affairs, Public Works, Finance and Office of the President.

Yesterday marked the final day for the consideration of the 2014 estimates and saw $22.2B being lopped from the Capital Programme for the Ministry of Finance. The contentious allocation in the Ministry’s Capital Programme was that of a $16B allocation for the Amaila Falls Hydro Electric Project under the Bharrat Jagdeo-led Low Carbon Development Strategy.   Continue reading

The Finance Minister will answer for “unapproved spending” – Granger

The Finance Minister will answer to us for the money he spent – Granger

DECEMBER 2, 2013 | BY  |

The joint parliamentary opposition—A Partnership for National Unity (APNU) and the Alliance For Change (AFC)—is currently in the process of reviewing a united approach in dealing with three financial papers that were laid in Parliament.

The documents were laid at the first official sitting of the National Assembly since parliament came out of recess—two sittings ago.
The three papers were then placed on the Order Paper for the House’s attention at the last sitting, but the absence of the Minister of Finance, Dr. Ashni Singh caused a delay in scrutiny during that sitting.  Continue reading

Finance Minister Ashni Singh outlines setbacks of CFATF Advisory

Finance Minister Ashni Singh outlines setbacks of CFATF Advisory

Dr. Ashni Singh

Dr. Ashni Singh

Finance Minister Dr.Ashni Singh on Saturday  November 23 outlined a number of setbacks that Guyanese will face as a result of an advisory by the Caribbean Financial Action Task Force (CFATF).

The advisory was issued at the regional financial crimes watchdog’s plenary held earlier this week in The Bahamas. CFATF members were told to take the necessary measures to insulate themselves from ongoing money laundering and terrorist financing risks after the National Assembly failed to amend the Anti Money Laundering and Countering of Financing Terrorism (AML/CFT) Act in keeping with CFATF recommendations.

The combined opposition has given several reasons for not approving the amendments including the need to ensure the law is watertight and that adequate systems are put in place to arrest and prosecute launderers of ill-gotten gains.

Full text from Dr. Ashni Singh:          Continue reading

No meaningful discussions on the budget – letter by Carl Greenidge

Minister Singh never sought to have meaningful discussions on the budget

Posted By Staff Writer On March 17, 2013   In Letters | by CARL GREENIDGE

Dear Editor,

I have noted the spate of reports in the press apportioning blame for the stalled tripartite 2013 Budget talks. Dr Singh in his GINA statement of March 11th (and carried in ‘i-news’) has correctly indicated that I notified him that February 28th would not be convenient for the next meeting. His statement was however incomplete and deliberately misleading. My two pieces of communication to him made three points: first, the date he proposed clashed with the scheduled meeting of the Public Accounts Committee. That standing arrangement should have been known to him.

Secondly, we needed additional time to reproduce and read the pile of documents he provided. There were over 100 pages including tables.        [Read More]

Guyana: 2013 budget will be one with a difference – Ashni Singh

Finance Minister Dr. Ashni Singh believes the 2013 budget will be one with a difference

Minister Singh says so far, his Ministry has received submissions from both opposition parties ahead of the presentation of the budget which must be presented by March 30.

He says another follow up meeting is expected shortly, where those submissions will be discussed further. Minister Singh says, the budget preparation is an on-going process and he would like to see all parliamentary parties putting the development of the country first.   Continue reading

Real GDP growth of 2.8% recorded at midyear – Finance Minister

Real GDP growth of 2.8% recorded at midyear – Finance Minister

Saturday September 1, 2012 – Demerara Waves

Finance Minister,  announced that Guyana’s economy recorded a 2.8% growth in real Gross Domestic Product (GDP) up to mid year.

Minister Singh at a press conference on the Mid Year financial report for 2012 stated that the comprehensive assessment of the country’s economy over the course of the first half of the year demonstrated that the trend of positive real economic growth continued.

“This growth reflects continued progress on the diversification of the productive sector where we have now arrived at a point where we are no longer as we were 10 years ago, entirely dependent on one, two or three dominant sectors,” Minister Singh was quoted as saying by the Government Information Agency (GINA).

He added that significant strides have been in diversifying the economy, and these realised the 2.8% growth, despite the fact that a key production sector of sugar contracted.

Read complete article: [Real GDP growth of 2.8% recorded at midyear]

NICIL monies belong to NICIL – Brassington

NICIL monies belong to NICIL

MAY 14, 2012 | BY  |

… transfer to treasury done at the discretion of the Directors – Brassington  

Executive Director of the National Industrial and Commercial Investments Limited (NICIL), Winston Brassington, appeared on the State-owned National Communications Network (NCN) last evening and declared that the monies in NICIL accounts belong to NICIL.

Brassington was at the time being interviewed by former beauty queen, Olive Gopaul, who was told that while there is no obligation placed on NICIL by the Constitution of Guyana to have its monies turned over to the Consolidated Fund; it is done at the discretion of NICIL’s directors.

The Directors at NICIL at present include Finance Minister Dr Ashni Singh, Dr Roger Luncheon and Marcia Nadir-Sharma.  Continue reading

NICIL’s refusal to hand over its $$$ is criminal – former Auditor General

NICIL’s refusal to hand over its $$$ is criminal – former Auditor General

May 6, 2012 | By KNews |

Former Auditor General, Anand Goolsaran

 “I have no recollection that Parliament has authorised any expenditure from the NICIL accounts neither am I aware that NICIL, as a state-owned company incorporated under the Companies Act of 1991, has the authority to intercept funds that truly belong to the Consolidated Fund and to use such funds for purposes extraneous to the defraying of certain expenses referred to above.” – GGMC, GFC, Lotto also obligated   –  says Former Auditor General, Anand Goolsaran

The pressure is continuing to mount on Government to release details on the billions of dollars it is holding in a special company without any Parliamentary oversight.    Continue reading

Budget debate… US$15M thrown on chopping block

Budget debate… US$15M thrown on chopping block

APRIL 18, 2012 | BY KNEWS | FILED UNDER NEWS  By Gary Eleazar

… Granger declares Budget will be re-tailored to reflect will of the people

The Leaders of the Combined Parliamentary Opposition made their intentions clear yesterday as the presentations to the 2012 Budget debates came to an end by sending an unwavering message that it will be altered and tailored to reflect the will of the people at the recently concluded General and Regional Elections.

Today, the House will dissolve itself into the Standing Committee of Supply, where each allocation will be addressed specifically by the Members of Parliament, at which time various amendments can and seemingly will be made.

Leader of the Parliamentary Opposition, Brigadier (retd.) David Granger, in his maiden presentation to a Budget Debate, declared that March 30, 2012, represented the end of an era.

The date that Granger referred to was the occasion of the presentation of the 2012 Budget by Finance Minister Dr. Ashni Singh.   [more]