DOCSLIB.ORG

Audit Office of Guyana

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Audit Office of Guyana AUDIT OFFICE OF GUYANA Promoting Good Governance, Transparency and Improved Public Accountability REPORT OF THE AUDITOR GENERAL ON THE PUBLIC ACCOUNTS OF GUYANA AND ON THE ACCOUNTS OF THE MINISTRIES/DEPARTMENTS/REGIONS FOR THE FISCAL YEAR ENDED 31 DECEMBER 2008 31 March 2010 Hon. Ralph Ramkarran, S.C., M.P. Speaker of the National Assembly Public Buildings Avenue of the Republic Georgetown. Dear Mr. Speaker, REPORT OF THE AUDITOR GENERAL ON THE PUBLIC ACCOUNTS OF GUYANA AND ON THE ACCOUNTS OF MINISTRIES, DEPARTMENTS AND REGIONS FOR THE FISCAL YEAR ENDED 31 DECEMBER 2008 In accordance with Article 223(3) of the Constitution of the Republic of Guyana, I am pleased to submit the attached report on the Public Accounts of Guyana and on the Accounts of the Ministries/Departments/Regions for the fiscal year ended 31 December 2008. The report is required to be laid before the National Assembly, and I would very much appreciate if this is done at the earliest opportunity. With best regards. Yours sincerely, DEODAT SHARMA AUDITOR GENERAL (ag.) MISSION STATEMENT As the Supreme Audit Institution of the State we are committed to the promotion of good governance including openness, transparency and improved public accountability through: 1. the execution of high quality audits of the public accounts, entities and projects assigned by the Audit Act; 2. timely reporting of the results to the legislature and ultimately the public; 3. ensuring that the independence, integrity and objectivity of the Audit Office is recognised; 4. the provision of cost effective service by the implementation of the most up-to-date Audit Practices; 5. the recruitment and retention of the best qualified personnel to achieve set targets, on a sustained basis; and 6. developing professional relationships with our clients, and producing reports which facilitate improvements in their operations. REPORT OF THE AUDITOR GENERAL ON THE PUBLIC ACCOUNTS OF GUYANA AND ON THE ACCOUNTS OF THE MINISTRIES, DEPARTMENTS AND REGIONS FOR THE FISCAL YEAR ENDED 31 DECEMBER 2008 TABLE OF CONTENTS PAGE Audit Certificate i Auditor General’s Overview iv Highlights of the Report vi Report on the Public Accounts Statements: Introduction 1 End of Year Budget Outcome and Reconciliation Report (Revenue and Expenditure) 4 Statement of Contingent Liabilities 7 Financial Information Receipts and Payments of the Consolidated Fund 8 Expenditure from the Consolidated Fund as compared with the Estimates of Expenditure 12 Expenditure in respect of those Services which by Law are charged upon the Consolidated Fund 12 Receipts and Payments of the Contingencies Fund 13 Current Assets and Liabilities of the Government 14 Appropriation Accounts of Heads of Budget Agencies 17 Receipts and Disbursements by Heads of Budget Agencies 17 Statement of Public Debt 18 Schedule of Issuance and Extinguishment of all Loans 19 Financial Reports of the Deposit Funds 20 Schedule of Government Guarantees 21 Report on the Accounts of Ministries/Departments/Regions: Office of the President 22 Office of the Prime Minister 25 Ministry of Finance 26 Accountant General’s Department 30 Customs and Trade Administration 32 Internal Revenue Department 39 Ministry of Foreign Affairs 46 Guyana Elections Commission 64 Ministry of Local Government and Regional Development 76 Ministry of Amerindian Affairs 77 Ministry of Agriculture 80 Ministry of Tourism, Commerce & Industry 84 Ministry of Public Works and Communication 86 Ministry of Education 96 Ministry of Culture, Youth and Sports 109 Ministry of Housing and Water 113 Georgetown Public Hospital Corporation 115 Ministry of Health 117 Ministry of Labour, Human Services and Social Security 123 Ministry of Home Affairs 126 Ministry of Home Affairs (Guyana Police Force) 129 Ministry of Legal Affairs 131 Guyana Defence Force 137 Supreme Court 145 Region 1 - Barima/Waini 153 Region 2 - Pomeroon/Supenaam 158 Region 3 - Essequibo Islands/West Demerara 166 Region 4 - Demerara/Mahaica 174 Region 5 - Mahaica/Berbice 188 Region 6 - East Berbice/Corentyne 195 Region 7 - Cuyuni/Mazaruni 204 Region 8 - Potaro/Siparuni 207 Region 9 - Upper Takatu/Upper Essequibo 209 Region 10 - Upper Demerara/Berbice 214 Report on other Entities Audits of Public Enterprises 219 Audits of Statutory Bodies 222 Audits of Foreign Funded Projects 223 Special Investigations 223 Acknowledgements 223 Statements and Accounts 2/1 REPORT OF THE AUDITOR GENERAL ON THE PUBLIC ACCOUNTS OF GUYANA AND ON THE ACCOUNTS OF MINISTRIES, DEPARTMENTS AND REGIONS FOR THE FISCAL YEAR ENDED 31 DECEMBER 2008 AUDIT CERTIFICATE I have audited the Public Accounts of Guyana and the Appropriation Accounts and the Receipts and Disbursements of Ministries, Departments and Regions for the fiscal year ended 31 December 2008, as set out in pages 2/1 to 2/225. My audit was carried out in accordance with Sections 24 and 25 of the Audit Act 2004. Management’s responsibility for the financial statements The Ministry of Finance and the Heads of Budget Agencies are responsible for the preparation and fair presentation of these financial statements in accordance with the International Financial Reporting Standards. This responsibility includes: designing, implementing and maintaining internal control relevant to the preparation and fair presentation of financial statements that are free of material misstatement, whether due to fraud or error; selecting and applying appropriate accounting policies; and making accounting estimates that are reasonable in the circumstances. Auditor’s responsibility My responsibility is to express an opinion on these financial statements based on my audit. I conducted my audit in accordance with International Standards on Auditing, issued by International Federation of Accountants (IFAC), International Organisation of Supreme Audit Institutions (INTOSAI) and the various funding agencies. Those standards require that I comply with ethical requirements and plan and perform the audit to obtain reasonable assurance whether the financial statements are free of material misstatement. i An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud and error. In making those risk assessments, I consider internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. An audit also includes evaluating the appropriateness of the accounting policies used and the reasonableness of accounting estimates made by the Ministry of Finance and the Heads of Budget Agencies, as well as evaluating the overall presentation of the financial statements. I believe that the audit evidence I have obtained is sufficient and appropriate to provide a basis for my audit opinion. Qualified opinion based on limitation in scope Except for any adjustments, which might have been shown to be necessary as a result of the observations contained in the relevant sections of my report, in my opinion, the financial statements properly present: • The financial information necessary to present fairly the financial transactions and financial position of the State; and • Receipts and Payments of the Consolidated Fund; • Expenditure of the Consolidated Fund as compared with the Estimates of Expenditure; • Expenditure in respect of those Services which by Law are directly charged upon the Consolidated Fund; • Receipts and Payments of the Contingencies Fund; • Appropriation Accounts of Heads of Budget Agencies; and • Receipts and Disbursements by Heads of Budget Agencies; • The Schedule of Public Debt; for the fiscal year ended 31 December 2008. However, because of the significance of the comments as contained in the relevant sections of my report relating to the following statements, I am unable to form an opinion whether they properly present their respective state of affairs as at 31 December 2008: ii • End of Year Budget Outcome and Reconciliation Report of the Consolidated Fund; • Statement of Contingent Liabilities; • Current Assets and Liabilities of the Government (other financial information); • Schedule of Issuance and Extinguishment of all Loans; • Financial Reports of the Deposit Funds; and • Schedule of Government Guarantees. DEODAT SHARMA AUDITOR GENERAL (ag.) 31 March 2010 iii Auditor General’s Overview of the Office 1. The Audit Office of Guyana which was established by the Audit Act 2004 has legal responsibility to audit the financial statements of all government entities. The mission of the Audit Office is to promote good governance, transparency and improved public accountability. In this regard the Audit Office has continually striven to modernize its organizational structure and human resources management systems, while ensuring that the most up-to-date operating procedures, professional practices, technical standards, and modern technology are incorporated. 2. In 2008, the Audit Office continued its improvement of audit procedures, professional practices and technical standards; improving critical support systems to enhance operational effectiveness; institutionalizing best practices and skills transfer; and creating stakeholder awareness of constructive role of the office. This was made possible through
Load more

Recommended publications
  • Annual Report 2020 2 REPUBLIC BANK (GUYANA) LIMITED ANNUAL REPORT 1
    1 Annual Report 2020 2 REPUBLIC BANK (GUYANA) LIMITED ANNUAL REPORT 1 While we were at home being safe, the world started to look differently. For us, it was a time of change as well. We had to adapt to our transformed lives. We found new ways to work, to learn, to be together. We found a new perspective on ourselves, our neighbours, our country and the world. As a Group, we affirmed the hope that we could maintain the lives we built. So we found solutions to serve the unique needs of this time. We found ways to support our customers’ financing, increased our digital offerings, and changed our in-branch approach to be socially distant yet fully committed. At every step, and across all our territories, we kept a positive outlook. For we wanted all our communities to keep believing that a great future is, and always will be, ours. 2 REPUBLIC BANK (GUYANA) LIMITED ANNUAL REPORT The Bank at a Glance About Us Total Assets ($ Billion) 250 Established in 1836, Republic Bank (Guyana) 205.3 180.2 168.2 146.2 151.6 Limited is one of Guyana’s longest-serving institutions and is a recognised leader in the 200 provision of financial services. Over the past year, the Bank has concentrated on growing its lending portfolio, with particular emphasis 150 on small and medium enterprises. The Bank remains committed to providing customised, efficient and competitively priced financial 100 services, and to maintaining a philosophy of social investment in Guyana. 50 0 2020 2019 2018 2017 2016 Operating Branches Profit After Tax ($ Million) 5,000 3,494.6 3,845.8 3,134.0 2,738.9 2,703.0 Anna Regina Vreed-en-Hoop 4,000 Diamond Camp Street New Amsterdam Water Street Rose Hall Triumph D’Edward 3,000 Linden Corriverton 2,000 Lethem 1,000 0 2020 2019 2018 2017 2016 3 Share Price ($) Network 2020 370.
    [Show full text]
  • PRESS RELEASE June 4, 2021
    PRESS RELEASE June 4, 2021 ___________________________________________________________________________ CARICOM Central Bank Governors discuss a collective approach to addressing the macro-financial challenges posed by the Covid-19 pandemic The 56th Bi-annual meeting of the CARICOM Committee of Central Bank Governors* was1held on June 4, 2021. Governors assessed the situation in individual territories and the economic outlook in light of difficulties experienced by Caribbean countries in acquiring much needed vaccines and severe fiscal constraints. The Committee analyzed the International Monetary Fund’s (IMF) impending allocation of additional Special Drawing Rights as part of international efforts to boost liquidity; the possible pathways to sovereign debt sustainability for Caribbean economies; and options to strengthen Caribbean intra- regional payments. Governors also discussed ongoing collaboration in several spheres including: coordinated economic research on priority areas; joint efforts to assure financial stability across the region; information sharing to deal with threats to cybersecurity; and bolstering the Caribbean’s influence in wider regional and international financial institutions. Representatives from the IMF and Caribbean Development Bank shared their perspectives on the current challenges faced by the region. 1 * The meeting was hosted virtually by the current Chairman, Governor Alvin Hilaire of the Central Bank of Trinidad and Tobago. Other Committee members are: Mrs. Janet R. Semeleer (Governor, Central Bank van Aruba), Mr. John Rolle (Governor, Central Bank of The Bahamas), Mr. Cleviston Haynes (Governor, Central Bank of Barbados), Mr. Gustavo Manuel Vasquez (Governor, Central Bank of Belize), Mr. Richard Doornbosch (President, Central Bank of Curaçao and Sint Maarten), Dr. Timothy Antoine (Governor, Eastern Caribbean Central Bank), Dr. Gobind Ganga (Governor, Bank of Guyana), Mr.
    [Show full text]
  • List of Certain Foreign Institutions Classified As Official for Purposes of Reporting on the Treasury International Capital (TIC) Forms
    NOT FOR PUBLICATION DEPARTMENT OF THE TREASURY JANUARY 2001 Revised Aug. 2002, May 2004, May 2005, May/July 2006, June 2007 List of Certain Foreign Institutions classified as Official for Purposes of Reporting on the Treasury International Capital (TIC) Forms The attached list of foreign institutions, which conform to the definition of foreign official institutions on the Treasury International Capital (TIC) Forms, supersedes all previous lists. The definition of foreign official institutions is: "FOREIGN OFFICIAL INSTITUTIONS (FOI) include the following: 1. Treasuries, including ministries of finance, or corresponding departments of national governments; central banks, including all departments thereof; stabilization funds, including official exchange control offices or other government exchange authorities; and diplomatic and consular establishments and other departments and agencies of national governments. 2. International and regional organizations. 3. Banks, corporations, or other agencies (including development banks and other institutions that are majority-owned by central governments) that are fiscal agents of national governments and perform activities similar to those of a treasury, central bank, stabilization fund, or exchange control authority." Although the attached list includes the major foreign official institutions which have come to the attention of the Federal Reserve Banks and the Department of the Treasury, it does not purport to be exhaustive. Whenever a question arises whether or not an institution should, in accordance with the instructions on the TIC forms, be classified as official, the Federal Reserve Bank with which you file reports should be consulted. It should be noted that the list does not in every case include all alternative names applying to the same institution.
    [Show full text]
  • Contents Messages
    CONTENTS MESSAGES ARTISTIC VISION BACKGROUND ELEMENTS OF THE FESTIVAL MAIN VENUES ORGANIZATIONAL STRUCTURE ACCOMMODATION ACCREDITATION CULINARY ARTS DANCE DRAMA FASHION FILM LITERARY ARTS MUSIC PHILATELIC ARTS SECURITY SYMPOSIA TRANSPORTATION VISUAL ARTS YOUTH VILLAGE FORMS APPENDICES PRESIDENT’S MESSAGE The Caribbean Festival of Arts (CARIFESTA) was born in Guyana many years ago. As the festival comes home, we welcome the opportunity to host and to embrace the artists, great creators and minds of the region as we did thirty six years ago. We are sparing no effort in preparing for this festival. Several hundred persons have been working over a long period of time on committees and working groups in order to ensure that all your expectations are met once you and your contingents arrive in our country. This underscores not only the importance we attach to this festival but to the ideal of Caribbean unity, growth and prosperity. Art transcends all barriers of time, space and person. Artists look beyond the externalities of the common and obvious, toward something greater in all humans, toward something larger than all humans. CARIFESTA therefore offers us the opportunity of transcending those things which can blind, limit and divide us as people, as nations and as a region. This festival offers us the opportunity to assess where we are, where we want to go and to fashion that direction in no uncertain terms. CARIFESTA X offers our region a chance to see what we are and what we produce, and to showcase that creativity to ourselves and the world. At this very important juncture in global economic history we must own what we originate and support those who create.
    [Show full text]
  • Tax Relief Country: Italy Security: Intesa Sanpaolo S.P.A
    Important Notice The Depository Trust Company B #: 15497-21 Date: August 24, 2021 To: All Participants Category: Tax Relief, Distributions From: International Services Attention: Operations, Reorg & Dividend Managers, Partners & Cashiers Tax Relief Country: Italy Security: Intesa Sanpaolo S.p.A. CUSIPs: 46115HAU1 Subject: Record Date: 9/2/2021 Payable Date: 9/17/2021 CA Web Instruction Deadline: 9/16/2021 8:00 PM (E.T.) Participants can use DTC’s Corporate Actions Web (CA Web) service to certify all or a portion of their position entitled to the applicable withholding tax rate. Participants are urged to consult TaxInfo before certifying their instructions over CA Web. Important: Prior to certifying tax withholding instructions, participants are urged to read, understand and comply with the information in the Legal Conditions category found on TaxInfo over the CA Web. ***Please read this Important Notice fully to ensure that the self-certification document is sent to the agent by the indicated deadline*** Questions regarding this Important Notice may be directed to Acupay at +1 212-422-1222. Important Legal Information: The Depository Trust Company (“DTC”) does not represent or warrant the accuracy, adequacy, timeliness, completeness or fitness for any particular purpose of the information contained in this communication, which is based in part on information obtained from third parties and not independently verified by DTC and which is provided as is. The information contained in this communication is not intended to be a substitute for obtaining tax advice from an appropriate professional advisor. In providing this communication, DTC shall not be liable for (1) any loss resulting directly or indirectly from mistakes, errors, omissions, interruptions, delays or defects in such communication, unless caused directly by gross negligence or willful misconduct on the part of DTC, and (2) any special, consequential, exemplary, incidental or punitive damages.
    [Show full text]
  • Cooperative Republic of Guyana Public Debt Annual Report 2020
    COOPERATIVE REPUBLIC OF GUYANA PUBLIC DEBT ANNUAL REPORT 2020 MINISTRY OF FINANCE as at December 31, 2020 Hon. Dr. Ashni Singh Senior Minister in the Office of the President With Responsibility for Finance Mr. Sukrishnalall Pasha Finance Secretary Ms. Sonya Roopnauth Director, Office of the Budget Ms. Donna Yearwood Head, Debt Management Division Staff of Debt Management Division Eleeni Komal-Persaud Joel Joseph Drecina Fraser Shaquille Pompey Lavern Lawrence Dawn Browman Guyana Public Debt Annual Report 2020, Ministry of Finance, Cooperative Republic of Guyana, Issue 6 Website: www.finance.gov.gy Guyana Public Debt Annual Report is a yearly publication of the Debt Management Division, Office of the Budget, Ministry of Finance. Reproduction in full or in part is permitted provided the source is given proper credit Message from the Minister of Finance It is my distinct privilege to present to the general public, this Sixth Edition of Guyana’s Public Debt Annual Report, and the second since the incumbent administration resumed office, in August of 2020. The timely publication of this report is not by mere happenstance but is rather indicative of our government’s commitment to transparency and accountability in the management of Guyana’s fiscal affairs. Our return to the seat of governance, after a 5-year hiatus, came against the backdrop of a rampant COVID-19 pandemic and a protracted elections impasse, which together weighed on economic activity. These events resulted in a decline in government revenues relative to the preceding year, along with an unanticipated increase in fiscal expenditure. Consequently, in 2020, central government registered a deficit equivalent to 9.4 percent of GDP.
    [Show full text]
  • Green State Development Strategy: Vision 2040
    Diversified, Resilient, Low-carbon, People-centred VOLUME I POLICY RECOMMENDATIONS, FINANCIAL MECHANISM & IMPLEMENTATION An inclusive and prosperous Guyana that provides a good quality of life for all its citizens “ based on sound education and social protection, low-carbon resilient development, new economic opportunities, justice, and political empowerment. ” Executive Summary Background The Green State Development Strategy: Vision 2040 is Guyana’s twenty-year, national development policy that reflects the guiding vision and principles of the ‘green agenda’: “An inclusive and prosperous Guyana that provides a good quality of life for all its citizens based on sound education and social protection, low-carbon and resilient development, providing new economic opportunities, justice and political empowerment.” The central objective is development that provides a better quality of life for all Guyanese derived from the country’s natural wealth – its diversity of people and abundant natural resources (land, water, forests, mineral and aggregates, biodiversity). The vision of the ‘green agenda’ is centred on principles of a green economy defined by sustainable, low-carbon and resilient development that uses its resources efficiently, and sustained over generations. The development philosophy emphasises the importance of a more cohesive society based on principles of equity and tolerance between ethnic groups – recognising that diversity of culture and heritage is the underlying strength of the country’s human capital. Development objectives therefore seek to improve the health, education and overall well-being of Guyanese citizens, to lift people out of poverty through an economy that generates decent jobs and that provides opportunities for sustaining livelihoods over the long term. For decades, geopolitical events, natural disasters and global commodity price swings have weighed upon Guyana’s development.
    [Show full text]
  • Budget Speech 1991
    PROTECTING THE FOUNDATIONS FOR FUTURE GR_OWTH: freedom, stability and development in the 1990' s FEIIIUAIIY ao,1111 BUDGET SPEECH NATIONAL ASSEMBLY CO-OPERATIVEOF REPUBUC GUYANA GUYANA SESSIONAL PAPER NO. 1 OF 1991 FIFTH PARLIAMENT OF GUYANA UNDER THE CONSTITUTION OF GUYANA Second Session 1990-1991 BUDGET SPEECH -------------------------------- Cde Carl B. Greenidge, M.P., Minister of Finance 20th February, 1991 GUYANA SESSIONAL PAPER NO. 1 OF 1991 FIFTH PARLIAMENT OF GUYANA UNDER THE CONSTITUTION OF GUYANA First Session 1986-1991 BUDGET SPKKCH Cde. Carl B. Greenidge, M.P., Minister of Finance February 20th, 1991 (i) C O N T E N T S THEME: PROTECTING THE FOUNDATIONS FOR FUTURE GROWTH: freedom, stability and development in the 1990's PAGE CHAPTER 1 THE EVOLVING ERP A. INTRODUCTION 1 B. DIALOGUE :3 C. KEY PROBLEM AREAS 4 CHAPTER 2 1990 PERFORMANCE 8 A. 1990 TARGETS AND PERFORMANCE 1. Production and GDP 2. Balance of Payments a Current Account b. Capital Account c. Overall Balance and its Financing PAGE 3. Fiscal Performance 14 a. Public Sector b. Rescheduling of External Debt c. Investment Initiatives 4. Monetary and Credit Aggregates 19 a Introduction b. Domestic Credit c. Credit to Central Government (net) d. Credit to Public Enterprises e. Credit to Private Sector f. Monetary Expansion g. Money and Quasi-money 5. Foreign Exchange Market 24 6. Foreign Exchange Reserves 28 7. Agreements and Targets under the Aegis of the Support Group 29 B. OUTSTANDING PROBLEMS 33 PAGE CHAPTER 3 KEY TASKS AND POLICIES: 1991 38 a. Introduction b. Human Resource Challenges (i) Retaining and Motivating Workers c.
    [Show full text]
  • Eradicating Poverty and Unifying Guyana
    NATIONAL DEVELOPMENT STRATEGY Eradicating Poverty and Unifying Guyana A Civil Society Document - AN OVERVIEW - I GUYANA - BASIC INFORMATION • Guyana, with an area of 83,000 square miles or 215,000 square kilometres, is located on the northern coast of South America, and is the only English-speaking country on that continent. It is bounded on the north by the Atlantic Ocean, on the east by Surinam, on the south and south-west by Brazil, and on the west and north-west by Venezuela. • Guyana is physically divided into four types of landforms: (i) a flat coastal, clayey belt which is about 4.5 feet below sea level, and in which most of its agricultural activity occurs; (ii) a sand belt, to the south of the coastal belt, which includes the Intermediate Savannas; (iii) an undulating, central peneplain which comprises more than half of the country’s area, and in which are located lush, almost pristine, tropical forests, and extensive mineral deposits. This landform stretches from the sand belt to the country’s southern boundary and encompasses, also, the Rupununi Savannas which border Brazil; and (iv) the highlands which are to be found in the midwestern area. This portion of the Guiana Highlands includes the Pakaraima mountain range. • Guyana has a plentitude of natural resources: fertile agricultural lands on the coastal plain and in the riverain areas; vast areas of tropical hardwood forests of various ecosystems and with a multitude of plant and animal species; abundant fish and shrimping grounds, both in its numerous rivers and in the Atlantic Ocean to its north; and a wide variety of minerals, including gold, diamonds, a range of semi-precious stones, bauxite and manganese.
    [Show full text]
  • Guyana Economic Opportunities
    Guyana Economic Opportunities Environmental Management Systems and Clean Production: Options for Enhancing Trade Competitiveness of Small & Medium Export Manufacturers in Guyana David Gibson Chemonics International Mark Bynoe University of Guyana Submitted by: Chemonics International Inc. To: United States Agency for International Development Georgetown, Guyana Under Contract No. 504-C-00-99-00009-00 CONTENTS Acronyms i Summary of Conclusions and Recommendations iii SECTION I Introduction I-1 SECTION II Trade Competitiveness & the Environment II-5 SECTION III Overview of SME Export Manufacturing Sectors III-9 SECTION IV Manufacturing Sectors & Exports IV-13 SECTION V Export Industry Efficiencies, Trade and Environment V-17 SECTION VI Industry Sector Selection VI-21 SECTION VII Environmental Aspects & Impacts of Fishery Operations VII-25 SECTION VIII Aspects and Impacts of Forestry VIII-33 SECTION IX Poultry, Meat and Dairy IX-39 ANNEX A Terms of Reference for the Implementation of an Environmental Survey ANNEX B Meeting Schedule ANNEX C Participants in the Gibson/Bynoe Debriefing ACRONYMS ACP Africa, Caribbean and Pacific Group BMP Best Management Practices BOD Biochemical Oxygen Demand BOG Bank of Guyana BSE Bovine Spongiform Encephalopathy Caricom Caribbean Community CBH Central Board of Health CHPA Central Housing & Planning Authority CEPAA Council on Economic Priorities Accreditation Agency CIF Cost, Insurance, and Freight COD Chemical Oxygen Demand CP Clean Production CSME Caricom Single Market and Economy EEZ Exclusive Economic
    [Show full text]
  • Budget Speech 2012
    GUYANA SESSIONAL PAPER NO. 1 OF 2012 TENTH PARLIAMENT OF GUYANA UNDER THE CONSTITUTION OF GUYANA FIRST SESSION 2012 BUDGET SPEECH Honourable Dr. Ashni Kumar Singh, M.P. Minister of Finance March 30, 2012 TABLE OF CONTENTS 1. Introduction 1 2. Global Economic Developments 5 3. Domestic Macroeconomic Developments 7 A. Real Gross Domestic Product 7 B. Sectoral Performance 7 C. Balance of Payments 9 D. Monetary Developments 10 E. Prices and Income 11 a. Inflation Rate 11 b. Interest Rate 11 c. Exchange Rate 11 d. Developments in Wages 12 F. Fiscal Position 12 a. Non-Financial Public Sector 12 b. Central Government 12 c. Public Enterprises 14 G. Debt Management 14 4. Sectoral Developments and the Agenda for 2012 and Beyond 16 A. The Medium Term Outlook 16 B. Low Carbon Development Strategy 17 C. Transforming the Economy 19 a. Modernising the Traditional Sectors 19 i Sugar 19 ii Rice 20 iii Bauxite 21 iv Gold 22 b. New and Emerging Sectors 23 i Information and Communication Technology 23 ii Extractive Industries 25 Oil 25 Manganese 26 Uranium and Rare Earth Elements 26 iii Agriculture Diversification 27 iv Tourism 28 v Small Business 30 D. Physical Infrastructure for Transformation 32 a. Road and Bridges 32 b. Air and River Transport 33 c. Sea and River Defence 34 d. Drainage and Irrigation 35 i e. Hydrometeorology 36 f. Energy, Power Generation and Supply 36 E. Investments in our People 39 a. Education 39 b. Health 42 c. Housing 44 d. Water 45 e. Sanitation 46 f. Vulnerable Groups and Other Targeted Interventions 47 i.
    [Show full text]
  • Your Friend, Your Bank
    GUYANA BANK FOR TRADE AND INDUSTRY LIMITED Your Friend, Your Bank Annual Report 2012 The Damon Monument was erected at Anna Regina, Essequibo by the Regional Democratic Council of Region 2, Pomeroon Supenaam, on July 31, 1988, the 150th anniversary of the ending of apprenticeship. Photo: The National Trust of Guyana THE LOGO The logo consists of two elements representing the interdependent, symbiotic interaction between the Bank and its customers a family relationship which harmonises the resources of a premier financial institution with the needs of its customers. The element on the left symbolises the supportive arm of one, guiding the arm of another as the latter aspires upward to a position of financial stability and independence. AQUAMARINE BLUE - represents the value and quality of experience, products and service which GBTI offers to meet the needs of its customers. It is a testimony to the history of an institution whose values have transcended changing times and trends while remaining flexible to the demands of a constantly expanding market. ROYAL BLUE - represents the aspirations to a better quality of life, aspirations which GBTI shares with its clients in the ongoing process of human development. Both elements come together at the apex to form a flame, representing a fusion of spirit, which is manifested in the strong, progressive and dynamic financial force that is GBTI. On May 22, 1966 Prime Minister Linden Forbes Sampson Burnham was formally presented by the Managing Director of the Demerara Bauxite Company (DEMBA) Mr. J. G Campbell with the Brickdam Independence Arch, (’Monument to Freedom’), a gift to the people of Guyana in recognition of their achievement of political independence.
    [Show full text]