Minister of Finance Winston Jordan yesterday said that the $3.8 billion provided to the Guyana Sugar Corporation (GuySuCo) prior to the passage of Budget 2015 came from the Consolidated Fund.
In a written response to questions from PPP/C parliamentarian Juan Edghill, he said that this support was charged to Agency 21, Ministry of Agriculture; Programme 211, Ministry Administration; Line Item 6321, Subsidies and Contributions to Local Organisations.
He said that the funds were released by the Ministry of Finance on the 17th June, 2015 to the Ministry of Agriculture and was paid over to GuySuCo on the 22nd June, 2015.
Questions had been raised by the PPP/C about the parliamentary authorisation for the subvention.
