On the back of income from government projects, the Central Housing and Planning Authority (CH&PA) earned a surplus of $692.3M last year, a significant increase from the $226.2M recorded the previous year.
According to the CH&PA’s audited financial statements, which were tabled on Thursday in the National Assembly, total income for the year was $1,940,669,776 while its total expenditure was $692,300,485.The total income from Sale of Land last year was $889,230,767 compared to $734,635,865 in 2009. The CH&PA saw the biggest income gain in the form of the $705M from Government of Guyana projects, up from the $166,422,000 earned the previous year under this category. The highest expenditure by the CH&PA during last year was $680M on Government of Guyana Housing Projects.
Meanwhile, the CH&PA’s asset base grew significantly last year, moving from $9.4B in 2009 to $16.6B last year. The substantial increase in
