Financial laws to be amended to improve approval process for 2021 budget and beyond

An amendment to the Fiscal Management and Accountability Act (FMAA) was today tabled in the National Assembly by Senior Minister in the Office of...

Govt. tables orders to raise domestic, external borrowing ceilings to $500B, $650B respectively 

In a bid to regularize several issues unearthed after assuming office in 2020, as well as to facilitate new financing for a transformative development...

Sugar industry may hold the key to Guyana’s search for cheap energy- Associate Professor

With its current configuration, Associate Professor at Medgar Evers College, Dr. Terrence Blackman, firmly asserts that the Guyana Sugar Corporation (GuySuCo) is economically unsustainable....

Ministry cannot account to AG for millions spent on undelivered drugs

Under the leadership of former Minister of Public Health, Volda Lawrence, the nation’s Auditor General, Deodat Sharma discovered that there were alarming instances of...

Guyanese deserve to see action taken to halt abuse of national purse -Goolsarran 

While most in the financial field may be somewhat justified in having feelings of elation for the fact that there has been annual audits...

AG report raps former Govt for accepting gifts without documenting

The Auditor-General 2019 report has unearthed several cases where Government Ministries and agencies would have received millions of dollars’ worth of gifts from various...

Billions spent by Guyana Lotteries Commission between 2014 to 2019 remain unaudited 

Following his review of how the APNU+AFC regime handled the nation's finances for the fiscal year ended December 2019, Auditor General, Deodat Sharma was...

Oil sector received $125.8Billion in tax exemptions last year –AG Report

During the year 2019, Auditor General, Deodat Sharma found that the Oil and Gas Sector received tax exemptions totaling $125.849 billion through the Guyana...

IDB has approved record US$21.6B to help Latin America, Caribbean fight COVID-19

The Inter-American Development Bank (IDB) Group has mounted a historic effort in 2020 to assist its 26 member countries in Latin America and the...

Most Caribbean countries to end 2020 with deepest GDP contraction –IDB

For most Caribbean countries, the COVID-19 pandemic will translate into the deepest single-year contraction of real Gross Domestic Product (GDP) on record in 2020...

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