AFC fires warning shot over Contingencies Fund

Ashni Singh

The Alliance For Change (AFC) says that with regard to the intention of Minister of Finance, Ashni Singh to bring two financial papers before the National Assembly tomorrow, the PPP/C and in particular the Minister himself ought to know that there are specific laws governing the Contingencies Fund and that there will be greater scrutiny now that the PPP/C is in the minority in the House.

Financial Paper No 7/2011 makes a request for supplementary provisions amounting to $2.241 billion, while Financial Paper No 8/2011 is for $3.471billion. The papers appear on the Order Paper for the ceremonial opening of the Parliament tomorrow, when President Donald Ramotar will make his inaugural address to the House.

The funds exceed by nearly $3 billion the