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Tag Archives: Consolidated Fund

No need to itemise proposed oil money spending – Jagdeo; NRF member calls mechanism a “waste of time”

A member of the Natural Resources Fund (NRF) Investment Committee believes that government should list how it intends to spend oil revenues before the money can be transferred to the consolidated fund, but Vice President Bharrat Jagdeo on Thursday resisted the idea and said accountability rests with the National Assembly. “What sense does it make?…So next year, should we start ...

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President issues wide-ranging anti-coronavirus orders to destroy property, curtail movement of people, spend emergency funds

President David Granger has issued sweeping powers that may include the destruction of personal property, compulsory hospitalisation, and the spending of monies from the Consolidated Fund to fight the novel coronavirus (Covid-19). He said his directive remains in force until he withdraws it. Citing provisions in the Guyana Constitution to guarantee free public health care and the deprivation of people’s ...

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