Budget 2015: Hundreds of millions for NCN, GINA

7

By Jomo Paul

NCN[www.inewsguyana.com] – The 2015 Current and Capital Expenditures presented to the National Assembly by Finance Minister Winston Jordan on Monday, August 10 allocates hundreds of millions in subsidies for the National Communications Network (NCN) and Government Information Agency (GINA).

Under the Office of the President, GINA is listed for an $80.4M subvention while under the Office of the Prime Minister (OPM), the agency is slated for a $63.9M subvention, the total of which would be $144.3M.

Meanwhile, NCN which also falls under the remit of the Prime Minister in the new dispensation was also given a subsidy of $69.5M under the Office of the President and $27.2M under OPM. This reflects a total of $96.7M heading in the direction of NCN.

In total, NCN and GINA are budgeted for $241M in subsidies. In 2014, NCN was budgeted for an $81.7M subsidy which did not attract the approval of the then A Partnership For National Unity (APNU) and Alliance For Change (AFC) majority opposition.

GINA was also given a $140M subsidy by the then People’s Progressive Party/Civic administration.

The two political parties had stated that they would not support funding for NCN and GINA, contending that these are propaganda machines of the Government.

 

7 COMMENTS

  1. Wow the numbers are double for a four months period,this is the same people who were giving one dollar to the previous govt for one year,what a turn in events,guess the treasury was not empty after all.

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