Government is considering using monies from the Consolidated Fund to aid the National Insurance Scheme (NIS), which is finding it difficult to pay out the minimum benefits to its contributors owing to two “reckless investments,” Finance Minister Winston Jordan said yesterday.
He was at the time speaking on the Income Tax (Amendment) Bill, which was passed after a second reading in the National Assembly, where the former PPP/C government was accused of irresponsibly investing NIS money in the now-collapsed CLICO (Guyana) Inc and the construction of the Berbice River Bridge.
The Bill amends section 16(1) of the Act to deduct
