Tag Archives: minister of finance

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

Budget 2013: Old Habits Die Hard – commentary

 Budget 2013:  Old Habits Die Hard

APRIL 18, 2013 | BY KNEWS | EDITORIAL

The noise has subsided. Following the presentation of the 2013 budget one section of the Parliamentary opposition, the Alliance For Change, submitted a motion that would allow his party to make amendments to the budget.

Last year, without a motion, the opposition proceeded to implement cuts to the budget and sparked a legal action that only led to a temporary ruling. But there was a caveat to the ruling. The Chief Justice said that he cannot enforce his ruling on the national assembly.

But there should not have been all this hullaballoo because every Member of Parliament should have been au fait with the Standing Orders and with what they are expected to do on behalf of the people. The National Assembly is authorized to amend the budget. The government admits this yet when the amendment was made last year there was a legal challenge.  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

Guyana: 2012 National Budget – Summary (GINA)

Guyana: 2012 National Budget – Summary (GINA)

Finance Minister presents whopping $ 192.8B national budget
-exemplifies a continuation of economic growth

Georgetown, GINA, March 30, 2012

Dr. Ashni Singh

History was again made today in the National Assembly as Minister of Finance, Dr. Ashni Singh presented Guyana’s largest national budget; the first in the life of the Tenth Parliament. Presented under the theme, “Remaining on course, united in purpose, prosperity for all”, budget 2012 worth $192.8B, is fully financed without the introduction of any new taxes.

Minister Singh in his succinct presentation said that with the new parliamentary dispensation, whereby the governing Party does not hold an absolute majority, beckons the country into a new political epoch and heralds an opportunity for the nurturing of a new political culture.
“Budget 2012 comes to this House when the Guyanese economy is at its strongest in recent memory. Our productive base is showing increasing signs of resilience and dynamism and is more diversified than ever before, with real growth in gross domestic product averaging 4.4 percent over the past five years,” he said…..

Read complete summary: Guyana 2012 National Budget – Summary (GINA)

— Post #1245

Supplementary budget hits snag in parliament

Supplementary budget hits snag in parliament

(Demerara Waves) – Friday February 17, 2012

An eight-hour parliamentary session to consider two financial papers on Thursday has left the government disappointed as the opposition used its majority to disrupt the now annual routine passage of the papers through the House.

The government brought two supplementary financial papers to the House to the tune of some GUY$3.5B (Financial Paper No.8) and GUY$2.24B (Financial Paper No.7) but ended the day with only some GUY$2.16B of the latter approved and the other sent back.  Most of the sitting was spent going through the 13 items and sub-units of Financial Paper No.7.  [Read more]

Also read:

Opposition votes down supplementary provisions  < click here

FEBRUARY 17, 2012 | BY KNEWS |             … Govt. flabbergasted

“It bothers me that we are being asked to replenish money already spent, contrary to the law,” Moses Nagamootoo

Also read:

Opposition may seek to surcharge for illegal Govt spending < click here

February 15, 2012 | By KNews |

“In this country, men believe that they can break the law and do whatever it is that they like because those who are close to the government have been able to get away with it”- APNU MP Carl Greenidge   [read more]

Govt. continues to abuse Contingency Fund –says Auditor General

FEBRUARY 12, 2012 | BY KNEWS |   [Read more]

 …$50 B overdrawn from special accounts

— Post #1118