AFC questions legality of unreleased $18B budgeted for LCDS

With Guyana still to tap major funding under its forest services deal with Norway, the AFC has questioned the legality of including just over $18 billion of the funds in the National Budget and has signalled that it intends to cut the entire allocation.

Speaking at a news conference earlier today, AFC Chairman Khemraj Ramjattan and executive member Moses Nagamootoo both questioned whether government was seeking to deceive Guyanese by mentioning the Norwegian funds as revenue in the budget. “Last year they put $14 billion and nothing came in, zero, this year they put $18.3 billion… We will question the legality of doing that. This is not money