That $3 billion loan from GGMC to CH&PA (Part II)

Last Friday, two news items caught my eyes. The first was the Chief Justice’s ruling that the Minister of Finance violated the Constitution by authorising withdrawals from the Consolidated Fund without parliamentary approval, thereby causing excess expenditure totalling $4.554 billion to be incurred during the first half of 2014.

Understanding the Forests Act 2009

In the light of the public outrage at the extent to which certain foreign companies are reported to be carrying out logging operations in Guyana and exporting logs, I have decided to examine the Forests Act 2009 to have a better understanding of it and to share that understanding with readers.

Access to Information and lessons from our sister Republic

In today’s column, we discuss a recent experience in trying to obtain information under the Access to Information Act that the National Assembly passed the Act in September 2011 to provide citizens with reasonable access to information on government programmes and activities.

City Hall fiasco: Hold elections now

Since last December, the nation had to endure some of the most unpleasant occurrences at City Hall, following the Head of the Presidential Secretariat’s announcement of the substantive appointment of Ms.

Reflections on the 2014 budget outcome

Hours before the deadline of 30 April 2014 for the Presidential assent to the Appropriation Bill that the National Assembly had approved in relation to the 2014 budget, Prime Minister Sam Hinds, in his capacity as acting President, signed the Bill authorizing amounts totaling $183.3 billion to be withdrawn from the Consolidated Fund to meet public expenditure.

NICIL’s 2012 annual report

On 16 January 2014, the Minister of Finance presented to the National Assembly the 2012 annual report of the National Industrial and Commercial Investments Limited (NICIL).

Stalemate in the proposed amendments to the anti-money laundering act

During the past week or so, various stakeholders expressed concerns publicly about the delay by the National Assembly to agree on the amendments to the Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) Act 2009 to bring it in line with international standards and to avoid sanctions being imposed.

Revisiting the purchases of drugs and medical supplies

Last week, we revisited the purchase of drugs and medical supplies for the Ministry of Health and the Georgetown Hospital in the light of media reports suggesting that the criteria to be used in the prequalification of suppliers are heavily weighted in favour of a local organization.

Those three financial papers (Part II)

Last Monday, we began an examination of the three financial papers that the Minister of Finance presented to the National Assembly seeking approval by way of supplementary provision in the sum of $12.385 billion.