The National Assembly yesterday approved $4.15 billion in spending from the Contingency Fund to cover expenses incurred during the period June to December 2019.
The sum which was expended by the former APNU+AFC government was contained in one of three financial papers brought to the House by Minister with responsibility for finance, Dr Ashni Singh. He explained that a range of advances were drawn from the Contingency Fund to meet the expenses and noted that the law particularly the Fiscal Management and Accountability Act requires that such advances be approved by the House.
