The GuySuco conundrum

John N Seeram

By John N Seeram

 

I was prompted to pen this brief article following information released by the Ministry of Finance on a $2 billion subsidy for GuySuCo published in Kaieteur News of 28 October 2016.

The article had stated that “for the first half of the year, GuySuCo had recorded an operating surplus of $2.9 billion, down from an operating surplus of $3.0 billion for the same period last year. The surplus, it said, was inflated by a $9 billion transfer from the central government to finance operations.