GWI, Guyana Securities Council financial statements, reports to be laid in National Assembly

GINA, GUYANA, Thursday, May 4, 2017

Cabinet has approved the audited financial statements and reports for the Guyana Water Incorporated (GWI) for 2015 and the Guyana Securities Council for the year 2016, and directed that they be laid in the National Assembly.

This was disclosed by Minister of State, Joseph Harmon at a post-Cabinet press briefing at the Ministry of the Presidency, today.

Minister Harmon explained that Minister of Communities, Ronald Bulkan submitted to Cabinet the audited statements for GWI and Minister of Finance, Winston Jordan, the statements for the Guyana Securities Council to Cabinet at its Tuesday, May 2 sitting.

He explained that these submissions are part of a continuing process to provide, “a transparent and accountable government administration to the people of Guyana.”

Government in May of 2015 began a series of forensic audits to ascertain how the assets of the State were sold, disposed of or transferred during the previous administration.

Some 45 forensic audits of state agencies were funded at a cost of $133M, and an additional five audits by the Inter-American Development Bank (IDB).

When these audits are completed, they are submitted to Cabinet, for approval, following which they are laid in the National Assembly as part of the government’s policy of making information available.

In addition to submitting to the National Assembly, the findings of the audits are also being made accessible to the public through the Ministry of Finance’s website.

 

By: Macalia Santos