The Consolidated Fund showed an overdraft of close to $79 billion when the People’s Progressive Party/Civic (PPP/C) government took office in August of this year.
This revelation was made yesterday by Senior Minister in the Office of the President with responsibility for Finance, Dr Ashni Singh at the fourteenth sitting of the National Assembly which was held at the Arthur Chung Conference Centre.
The Consolidated Fund is the main bank account of the government.
Singh was at the time responding orally to a question asked by APNU+AFC Member of Parliament Annette Ferguson.
