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Former Member

Edghill questions Gov’t over “insufficient” funds for pensioners

August 26, 2015 12:21 pm Category: latest news A+ / A-

By Jomo Paul

Juan Edghill.

Juan Edghill.

[www.inewsguyana.com] – Former Junior Finance Minister Bishop Juan Edghill is alleging that the new APNU+AFC government has failed to appropriately budget for the increases in old age pension and public assistance in the 2015 Budget presented by Finance Minister.

Edghill raised the issue in the National Assembly on Wednesday, August 26 where he pointed out that no significant increases to the allocation for old age pensions were made in the 2015 Budget.

iNews understands that in aggregated form, there was only an increase of $185M to the allocation for old age pensions from $7,895,554 in 2014 to $8,085,442 in the 2015 Budget.

Edghill explained that while there was an increase in the pension allocations in one line, this was not old age pension but rather the pension of government workers that was increased in conjunction with the increase of salaries for public servants.

Considering that there are 43,500 persons benefiting from old age pension in Guyana, Edghill told media operatives that “if you only have an increase in the total appropriation of $186M how will you find the money to fund the increase for the remainder of the year?…this must be either corrected or explained.”

He said that based on the figures, pensioners are not guaranteed the amount of money that they were promised in the 2015 Budget.

Social Protection Minister Volda Lawrence. [iNews' Photo]

Social Protection Minister Volda Lawrence. [iNews’ Photo]

“We have been making the point…this budget is flawed, it is filled with flaws and every time we point it out…we are met with arrogance,” the Former Junior Finance Minister stated.

 

Social Protection Minister Volda Lawrence assured the House that the allocations were catered for by the Ministry of Finance at the estimated amount of beneficiaries. The government had proposed an old age pension increase from $13,125 to $17,000 in accordance with an elections plan.

The Budget currently being deliberated in the National Assembly would cater for a four month period. Independent calculations show that the Ministry would dole out $739.5M per month on old age pensions. For the four month period, the government would need $2,958,000,000 to properly fund the old age pension scheme.

The Budgeted amount of $8,085,442 was approved by the government controlled National Assembly.

Replies sorted oldest to newest

Originally Posted by Mr.T:

You can only spend what you have access to to spend. These PPP noise makers are showing total lack of fiscal knowledge. They want money to flow by hook or by crook.

Oh yes I forgot the money done on expensive Luxury Vehicles the Pensioners can always eat Grass.  Mr T for President!!!

Nehru

Considering that there are 43,500 persons benefiting from old age pension in Guyana, Edghill told media operatives that “if you only have an increase in the total appropriation of $186M how will you find the money to fund the increase for the remainder of the year?…this must be either corrected or explained.”

He said that based on the figures, pensioners are not guaranteed the amount of money that they were promised in the 2015 Budget.

 

Put that in simple language: Re

 

43,500 Pensioners multiply by 17,000 = 735.9 Millions per month

 

Now you multiply that by Four Months, (Sept, Oct, Nov and Dec 2015)

that is 735.9 million multiply by four = 2,958 Two Billion Nine Hundred and Fifty Eight Millions:

 

Please have them correct the figures, Sir.

FM

This fellow is a laugh. Brazzington forgo 110 million in dividends to NIS from the berbice river bridge last year. That could have gone a long way to pensioners. Further, Guysuco has not paid its dues and ows millions! What the hell is edgehill the creep talking about?

FM
Originally Posted by Zed:

I am unsure whether these guys are up to the task of effectively governing the countr.  They keep making mistakes on these simple matters. What is the matter with them?

Why are they not up to the task when? Did the PPP possesses any significant competencies that make them outstanding? And in what arena did they flourish given we are up shits creek without a paddle presently with empty coffers and failing industries?

FM
Originally Posted by Danyael:
Originally Posted by Zed:

I am unsure whether these guys are up to the task of effectively governing the countr.  They keep making mistakes on these simple matters. What is the matter with them?

Why are they not up to the task when? Did the PPP possesses any significant competencies that make them outstanding? And in what arena did they flourish given we are up shits creek without a paddle presently with empty coffers and failing industries?

I am not employed by a one, including the PPP to defend them or to criticize the coalition government. Since you asked, these are my thoughts. Since their election and up to now, they seem to be having difficulty with governing. No central focus, the public relations approach is crap, pass legislation  approx s month ago and not treat the constitutional agencies they defined correctly in the budget, no one really certain which minister does what, minister Broom exceeding her authority, withdrawing $30 billion from the banking sector (thought there was no money), not realizing that countries that have border disputes can still have constructive engagement in other areas, the number of ministers and Vice Presidents to administer a country if just over tgree quarter of a million, unable to convince people that they have a workable plan to deal with crime, the reduction of the Berbice bridge toll now subsidized by the taxpayers, the minuscule increases given to pensioners, promised a new way of doing things and now doing the same as the former government, etc. You need to check the veracity of the issue of empty coffers. 

Z

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