Tag Archives: Auditor General

Over 70, 000 self-employed citizens escaped GRA’s tax net last year –AG

Over 70, 000 self-employed citizens escaped GRA’s tax net last year –AG

Auditor General, Deodat Sharma

 This was highlighted by Auditor General, Deodat Sharma in his latest report.

As at 31 December 2016, Sharma said that there were 131,893 registered self-employed persons in the GRA database of which 92,326 were identified as active.  However, only 18,337 persons or 20% of the active registrants filed returns. Continue reading

GUYANA – Latest News – 01 October 2015

GUYANA – Latest News – 01 October 2015  – Kaieteur News

        (see other News sources at the end of this entry)

Government reverts to GTT internet for eGovernance

OCTOBER 1, 2015 | – pulls Guyana from ‘dark ages’ …… The Guyana Telephone and Telegraph Company (GTT), five years ago offered the Bharrat Jagdeo Government its internet service to support the eGovernance project, at a nominal fee. The administration declined the offer. The Jagdeo administration instead chose to invest billions of tax dollars to land a separate fiber optic […]

GPSU wants an end to poverty stricken public servants – Yarde

OCTOBER 1, 2015 |   Even as the Guyana Public Service Union (GPSU) works to address some of its on-going issues, the body reportedly suffered tremendously under the previous government, the People’s Progressive Party (PPP) administration. But even with change in the form of a new government, the GPSU will be keeping watch to ensure that previous indiscretions are […]    Continue reading

Capitol News – TV Video Reports – 30 September 2014

Capitol News – TV Video Reports – 30 September 2014

  • Trotman vows to stay in Speaker’s chair
  • Alesie Rice worries about licence after fallout with Ramsammy
  • Women’s right group frustrated by Minister Webster
  • Auditor General says public funds continues to be misused
  • APNU continues protest for Local Gov’t polls
  • Students scammed by bogus nursing school wants money back
  • GPL cuts power to University’s IT Lab
  • Sports
Trotman vows to stay in Speaker’s chair    Posted: 30 Sep 2014 02:09 PM PDT
Alesie Rice company worries about licence after fallout with Ramsammy    Posted: 30 Sep 2014 02:08 PM PDT   Continue reading

AFC would support NICIL’s liquidation – Ramjattan

AFC would support NICIL’s liquidation – Ramjattan

May 16, 2012 – Demerara Waves

The Alliance For Change (AFC) says it would support the liquidation of the National Industrial and Commercial Investments Limited (NICIL) should it operations be found to be unconstitutional.

This was relayed by AFC Chairman Khemraj Ramjattan at a news briefing on Wednesday the same day that a newspaper article reported the APNU’s Carl Greenidge as saying that that was an option if efforts to rectify the situation with the state holding company NICIL fail.

“I would call for a liquidation of the company and then a literal extinguishment if I may say so … bringing its activities to an end after it would have been liquidated and so it will not form part of our financial infrastructure anymore, it’s being abused,” Ramjattan said.      Continue reading

$50B in NICIL accounts a gross exaggeration – Brassington

$50B in NICIL accounts a gross exaggeration – Brassington

The political opposition and the stakeholders behind the National Industrial and Commercial

Investments Limited (NICIL) are now poised to collide over the amount of money being held by the State’s holding company.
Alliance for Change (AFC) Chairman, Khemraj Ramjattan, has contended that moneys being held in the accounts of NICIL, and which should be transferred to the Consolidated Fund, amount to some $50B, but there is a differing opinion from the entity’s head.
When contacted yesterday, Executive Director of NICIL, Winston Brassington, said that while he was not in a position to give a definitive figure, the $50B being bandied about by the AFC is “a gross exaggeration and one not grounded in reality”. Brassington said that he will soon be presenting details of the NICIL accounts.     [more]

NICIL’s refusal to hand over its $$$ is criminal – former Auditor General

NICIL’s refusal to hand over its $$$ is criminal – former Auditor General

May 6, 2012 | By KNews |

Former Auditor General, Anand Goolsaran

 “I have no recollection that Parliament has authorised any expenditure from the NICIL accounts neither am I aware that NICIL, as a state-owned company incorporated under the Companies Act of 1991, has the authority to intercept funds that truly belong to the Consolidated Fund and to use such funds for purposes extraneous to the defraying of certain expenses referred to above.” – GGMC, GFC, Lotto also obligated   –  says Former Auditor General, Anand Goolsaran

The pressure is continuing to mount on Government to release details on the billions of dollars it is holding in a special company without any Parliamentary oversight.    Continue reading

Guyana: Auditor General criticises Tender Board

AG criticises Tender Board for $1.3 B allocation to New GPC

February 12, 2012 | By KNews |

…cites gross irregularities

Accusing fingers are being pointed to the National Procurement and Tender Administration Board for approving the payment of an exorbitant sum to the New Guyana Pharmaceutical Corporation Limited.
According to the 2010 Auditor General Report the astronomical sum of $1.252 billion was paid to the company on the basis of sole sourcing and not by competitive bidding as required under the Procurement Act (2003).
The transactions with the firm, the Report outlines, were for the procurement of drugs and medical supplies.

This practice was also extended to the Georgetown Public Hospital Corporation (GPHC). The public hospital, the Report stated, also procured drugs and medical supplies at a cost of $879.914M based on awards of contracts by the Tender Board without a system of competitive bidding as required under the said Procurement Act.  [Read more]

— Post #1106

%d bloggers like this: