$61b financial paper approved after hours of questioning

After hours of questioning,  a Financial Paper for approval of $61b in supplementary financing was approved at around 10.45 pm yesterday, pushing consideration of a key petroleum bill into this morning.

At press time, the Petroleum Activities Bill 2023 was set to be taken up as Parliament prepares for a two-month recess.

The government last Thursday tabled the financial paper in Parliament for supplementary funding to the tune of $61 billion for the period ending December 31st, 2023 and a major item is community roads.

Finance Minister, Dr. Ashni Singh, presented Financial Paper #3 on the supplementary provisions which showed current estimates and capital estimates amounting to $10.18 billion and $50.83 billion respectively.