Combined Opposition slashes $37.4B from 2014 Budget
Finance Minister, Dr. Ashni Singh, last month presented a $220B Budget for 2014. By the time the voting was finished yesterday, some $37.4B was slashed from the Estimates, leaving the administration with only $182.6B.
Those affected by the cuts are the Ministries of Health, Amerindian Affairs, Public Works, Finance and Office of the President.
Yesterday marked the final day for the consideration of the 2014 estimates and saw $22.2B being lopped from the Capital Programme for the Ministry of Finance. The contentious allocation in the Ministry’s Capital Programme was that of a $16B allocation for the Amaila Falls Hydro Electric Project under the Bharrat Jagdeo-led Low Carbon Development Strategy. Continue reading