GUYANA | Forde underscores potential $100-billion dollar loss due to inefficiency and corruption

GEORGETOWN, GUYANA, January 22, 2024 - In a striking critique during the 2024 Budget debate, Member of Parliament Roysdale Forde lambasted the PPP Government's fiscal strategy, raising allegations of financial deception and corruption. Forde's hard-hitting commentary underscored a growing unease with the government's financial stewardship in Georgetown.

Forde challenged the authenticity of the budget figures presented by the Finance Minister, hinting at a possible façade rather than a reflection of the government's actual financial commitments. "Is this Trillion-Dollar budget, in fact and figures, the real budget for 2024?" Forde questioned, pointing to the government's recurrent practice of requesting supplementary funds post-budget announcement. This practice, Forde argued, not only signals poor planning but also casts doubt on the government's fiscal responsibility and legislative integrity.

The debate took a more severe turn as Forde accused the government of 'sleight of hand' tactics, suggesting that initial budgetary figures were mere placeholders for subsequent additional financial requests. This pattern, according to Forde, leaves citizens and policymakers in a state of fiscal disarray, questioning the government's budgetary sincerity.

In a searing indictment of the government's approach to social welfare, Forde contended that even well-intentioned initiatives like cash grants are marred by irregularities and unfair distribution. He underscored a disconnect between the government's public discourse on prosperity and their actions, which he perceives as failing to improve the lives of ordinary citizens.

Forde  called for a halt to what he termed 'nonsense' in governmental spending, emphasizing the need for transparency, accountability, and strategic planning in the national budget. His words echo the sentiments of many in Guyana who seek a government that not only promises prosperity but also delivers it through fair and effective governance.

 Roysdale Mr Forde, who is also the Shadow Attorney General and Minister of Legal Affairs, intensified his scrutiny of the PPP Government's budgetary practices relentlessly questioning what he perceives as financial mismanagement and potential corruption at the heart of the government's fiscal policy.

Forde expressed deep skepticism about the government's habit of presenting ostensibly comprehensive budgets, only to return repeatedly to Parliament for supplementary funds. "In 2023, the Government returned about 6 times, totaling more than $900 Billion," Forde highlighted, indicating a pattern that raises serious questions about the government's financial forecasting and planning abilities.

This financial behavior, according to Forde, not only undermines the legislative process but also erodes public trust in the government's fiscal transparency. The MP accused the government of a 'theatrical overture' in financial matters, suggesting that the initial budget presentations might be mere facades, masking a more complex and possibly dubious fiscal reality.

Forde's speech echoed a sentiment of frustration and mistrust among many citizens, who are increasingly concerned about the government's financial stewardship. His call for a budget that truly reflects the nation's needs and not just a prelude to supplemental requests underscores a growing demand for fiscal accountability and integrity in the government.

As the debate in Georgetown's Parliament raged on, Forde's disapproval of the PPP Government's budgetary approach extended beyond mere fiscal concerns. He delved into the implications of such financial management on the socio-economic fabric of Guyana. Forde argued that the mismanagement and alleged corruption within the government's financial processes could lead to political fragmentation, social and economic instability, and hinder national development.

Highlighting the source of the government's trillion-dollar budget, Forde pointed to the Agreement signed by the APNU+AFC and Exxon, criticizing the government's approach to inclusivity and management of oil revenues. He accused the government of removing critical safeguards against the abuse of oil revenues, failing to establish independent oversight mechanisms.

The critique extended to the Government's handling of capital projects. Citing the analysis by the chartered accounting firm, Ram and McRae, Forde underscored the projected loss of more than $100 Billion due to inefficiencies. The lack of financial capacity and capability in handling large sums of money, and the questionable nature of numerous projects, were highlighted as significant concerns, suggesting potential misuse of funds and a lack of thorough evaluation.

In a damning conclusion, Forde characterized the budget as an expansion of opportunities for what he termed 'squander-mania,' echoing Dr. Cheddi Jagan's words of "waste, fraud and abuse." His speech reflected a deep-seated skepticism about the government's ability to manage the nation's finances effectively and justly, calling into question the PPP Government's commitment to transparency, equitable distribution of resources, and the overall welfare of the Guyanese people.

As the debate continues, the eyes of Guyana and the international community remain fixed on the unfolding financial narrative in Georgetown, awaiting the government's response to these serious allegations. The call for fiscal responsibility, transparency, and fair governance echoes not just in the halls of Parliament but in the homes of citizens across the nation.

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