Government on Monday approved an additional $1 billion for the Guyana Sugar Corporation (GuySuCo) as a part of its $47 billion supplementary budget.
The additional sum, Minister of Agriculture, Zulfikar Mustapha, told the National Assembly, will aid in the rehabilitation of critical areas that will put the corporation in a better position for production. However this $1 billion allocation did not escape the attention of opposition members, who for years have been questioning the government’s decision to pump money into a corporation which has consistently failed to turn a profit.
