Guyana’s public expenditure management characterized by irresponsible and extravagant spending –Ram

Former Member

Guyana’s public expenditure management characterized by irresponsible and extravagant spending –Ram

Oct 13, 2017 News, https://www.kaieteurnewsonline...vagant-spending-ram/

[[Quote]]

Ram, addressing the final session of the Private Sector Commission’s (PSC) Business Summit which closed yesterday at the Marriott Hotel, was very critical of the nation’s Public Sector Investment Programme (PSIP).

At the end of June, only 28 percent of all the moneys allocated for projects were used up. Since this revelation to the public, various ministers have been promising that by the time the next budget is out, Government spending would move up to as much as 60 percent or more. Ram however finds this appalling, to say the least.

“Tell me how at the end of June you only expended 28 percent of the PSIP and by December you got 90 and 95 percent spent. Is there some kind of manipulation of the numbers? Or is there irresponsible spending at the end of the year?

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10/13/171:42 AM

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Guyana’s public expenditure management characterized by irresponsible and extravagant spending –Ram

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