-GPL $16b, GuySuCo $9.5b
The government is seeking Parliament’s approval for over $40 billion in supplementary funds to shore up needed expenditure up to the end of 2024.
To this end, the Ministry of Finance in a release informed that Senior Minister in the Office of the President with Responsibility for Finance and the Public Service, Dr Ashni Singh, yesterday presented Financial Papers Numbers 1 and 2 of 2024 to the National Assembly totalling over $40 billion during the 84th Sitting of the Twelfth Parliament.
The release explained that Financial Paper Number 1 for which the Minister is seeking approval caters for Supplementary Estimates (Current) in relation to advances made from the Contingency Fund totalling $8.6 billion for the period 2024-04-01 to 2024-07-30. Financial Paper Number 2 caters for Supplementary Estimates (Current and Capital) totalling $32.2 billion for the period ending 2024-12-31.