Government is seeking parliamentary approval for over $2 billion in extra-budgetary spending including $501 million for BK International as part payment for an out-of-court $1.1 billion settlement, and $109.6 million in extra funding for the University of Guyana which the institution had been seeking.
Minister of Finance Winston Jordan yesterday tabled Financial Paper 2/2016 in the National Assembly seeking approval for $2 089 699 085 in extra government spending from January 1st to December 31st this year. The highest single sum being sought is for the Ministry of Communities and it is for $501 million.
According to the Financial Paper, the provision is to meet payment in accordance with the settlement agreement reached with BK International in relation to the Haags Bosch landfill site. Minister of Communities Ronald Bulkan had said last month that BK International was paid a sum of US$5.7 million in an out-of-court settlement for works done at the Haags Bosch Sanitary Landfill, following the former government’s termination of its contract.
