The sum of $1.7 billion in supplementary funding was yesterday approved by Parliament’s Committee of Supply to offset additional costs that were incurred by the Linden Electricity Company Inc as a result of the increase in fuel prices.
Leader of the House for Government Business, Prime Minister Mark Phillips explained to the Committee that the PPP/C administration had committed to stand the cost of increased fuel prices to avoid having the people in Guyana suffering as a result of hiked prices. He had been questioned as to whether the need for supplementary funding was due to inadequate budgeting.