Where did the money go. Click to read
PPPC left G$15 billion in real cash for them in 2015.
Since the passage of the No-Confidence Motion, APNU Government imploded and the stock of cash assigned to honoring Government checks has moved from minus G$55 billion to minus G$92 billion.
PNC bankrupt Guyana in 28 Years, PPPC rebuilt Guyana in 23 turbulent years and left money in the treasury. APNU/AFC bankrupt Guyana in 5 years. It will take PPPC government two plus years with 100% revenue from the oil to repay the overdraft. Ayo still want Granger Government to manage the affairs of Guyana.
Guyana is broke......over 92 billion in overdrafts in 5 Years. March 2020 333 Million was spend with no track records.
Why we are broke.....Treasury empty..
US 150m CJIA expansion..
1billion Durban Park..probe yet to be completed by Auditor General.
1billion spending on Ocean view hotel..
Elections campaign funds into billions
Six months after the passage of the no-confidence motion, there has been a decline of GYD $7 Billion in the total assets held by the Bank of Guyana from GYD $220.3 Billion in 2018 to GYD $213.2 Billion as at June 2019.
Over one trillion dollars that was partially financed by additional taxes of G$264.8 billion, as well as external debt and domestic debt of $18.9 billion and $67.5 billion in domestic debt respectively.a significant portion of Government spending went into non-value added activities. Leading this category of expenditure is spending on dietary and travel, which approximated over $4.7 billion for the period 2015-2019. the period 2015-2018, there were overpayments on 298 contracts amounting to $356.17 million. During the corresponding period, the APNU/AFC also failed to collect items valued at $796.01 million. Thus, we are not only paying more by failing to award contracts to the lowest responsive bidder but, in many instances, not even collecting the items procured with tax dollars. According to the Auditor General, the Ministries that have failed to collect the items purchased included the Ministry of Public Health (MoPH), Ministry of Public Infrastructure (MoPI), Ministry of Public Security (MoPS), and Ministry of the Presidency (MotP). These are the agencies responsible for providing security, healthcare and public infrastructure (roads, bridges, etc).Over the period 2015-2018, a total of 1754 vouchers valued at $1964.75 million were not presented to the Auditor General for audit. Interestingly, 582 of these vouchers in 2018 were in respect of the Ministry of the Presidency, Ministry of Indigenous Peoples’ Affairs, Ministry of Natural Resources, Guyana Defence Force, and Ministry of Social Protection. (Excerpts taken from a recent analysis published). We broke as hell
