Gov’t has spent $3.1B of lotto funds without parliamentary approval

-Auditor General’s report

Between 1996 and 2009, the government received $3.520 billion from the Guyana Lottery Company, and by the end of last year had spent $3.153 billion of this amount without the appropriate consent from the National Assembly.

The Auditor General’s report for 2009, which was tabled in Parliament on Thursday, again highlighted the Finance Ministry’s failure to pay over the government’s share of 24 per cent of the proceeds of the Guyana Lotteries Company to the Consolidated Fund.  Instead of complying, the proceeds are paid over to a special bank account and used to meet public expenditure without parliamentary approval, the report said. However, the government,