Until elections are held, there will be no presentation of budget – Min. Jordan
─ agencies will continue to function even after the current budget comes to an end
─ “the rule is – until a budget is passed, spending agencies are held to one-twelfth of the previous year’s allocation”
─ the elected govt will then have three months to prepare a budget
DPI, Guyana, Wednesday, August 14, 2019
Minister of Finance, Hon. Winston Jordan has assured that government agencies will continue to function even after the current budget comes to an end. He reiterated that until elections are held, there will no budget prepared and presented.
Minister Jordan stated that “the rule is until a budget is passed, spending agencies are held to one-twelfth of the previous year’s allocation. So, it is one-twelfth on the current side, and on the capital side, they are restricted to no new projects. Only rolled over or ongoing projects.”
The minister disclosed this during an interview on VYBZ 100.1FM with radio with broadcaster Malcolm Ferreira. With a date for election to be determined, and the administration’s interim status, His Excellency, President David Granger has acknowledged that the government will not pass a National Budget.
The holding of elections at the moment depends on the conclusion of the current House-to-House Registration or otherwise guidance given by the Guyana Election Commission’s (GECOM) Chairperson.
Minister Jordan pointed out that after elections are held, the elected government then has three months to prepare a budget.