The just-concluded Commission of Inquiry (CoI) into the operations of City Hall has suggested that central government consider a conditional bailout for the municipality, which is currently bankrupt.
The CoI report, which has been seen by Stabroek News, notes that the National Insurance Scheme is owed in excess of $206 million, Guyana Revenue Authority in excess of $374 million and the Public Service Credit Union $46,761,458.
Additionally, 44 former employees are yet to receive payments of gratuity, with outstanding amounts being approximately $150 million in total. Further sums are owed to contractors and suppliers across all programmes of the City Council.