Georgetown : Minister of Finance, Dr. Ashni Singh last evening tabled Financial Paper No.1 of 2014, a statement of excess on the current and capital estimates totaling $4,553, 761, 991 for the period ended June 16, 2014.
The paper will come up for consideration at the next sitting of the House. It includes specific areas that were not approved by the Parliament during the consideration of the 2014 National Budget.
The Minister relied on constitutional grounds and on the rulings of the constitutional court as the basis to initiate this exercise of restoration of appropriations in the 2014 fiscal year.
Head of the Presidential Secretariat, Dr. Roger Luncheon earlier this week explained that, “the constitution specifically addresses expenditure, shortages, inadequacies for agencies in discharging their work programme in any fiscal year and the constitution does offer remedies that we have collectively termed restoration.”
The Opposition’s non-approval of funds for the Office of the President affected a number of subvention agencies such as National Communications Network (NCN) and the Government Information Agency (GINA), Office of the First Lady, Presidential Guard Service, University of Guyana’s Student Loans, Office of the Commissioner of Information, Institute of Applied Sciences and several important projects including the Cheddi Jagan International Airport (CJIA) expansion project.
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