NIS operating at $1.4B deficit for 2012 -Nelson

By Stabroek News On In Guyana News |
Some of the recipients of Bursary Awards handed out to the children of NIS employees who were successful at the National Grade Six Assessment examination.
Some of the recipients of Bursary Awards handed out to the children of NIS employees who were successful at the National Grade Six Assessment examination.

The National Insurance Scheme (NIS) will be operating at a deficit this year of $1.399B, General Manager Doreen Nelson announced on Monday.

The NIS has a projected expenditure of $12.952 billion, against a projected $11.553 billion in contributions, Nelson said at a simple ceremony at the NIS head office at Brickdam to mark its 43rd anniversary.

She also noted that so far, contributions collected from