According to Ramjattan, monies are being siphoned off into second accounts that belong to certain statutory agencies. He cited the Guyana Forestry Commission, saying that as outlined in the budget, its balance as of December 31 last totalled some $1,034,000, 000. “That was never put in the Consolidated Fund,” he stressed before going on to the Guyana Geology and Mines Commission, which had a balance at the end of 2013 of $12,625,000,000. He also mentioned Guyana Lands and Survey Commission, the Guyana Civil Aviation Authority, the Central Housing and Planning Authority, the Lotto Funds and the National Industrial & Commercial Investments Ltd (NICIL). “These bodies have government’s monies—what is called public monies under the constitution and the financial management and accountability act. That alone totals some $27.7 billion. That is not there,” he noted.
Posted on: Wed, 09 Apr 2014 12:31:55 +0000
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