Guyana: Taxpayers Lost Almost $1 Billion to Financial Waste and Abuse at the Ministry of Public Infrastructure Over Two Years
The Auditor General flagged almost $1 billion in Ministry of Public Infrastructure expenditures for financial mismanagement, waste, abuse, and non-compliance with the country’s fiscal management and accountability laws and standards during Fiscal Years 2015 and 2016. Almost $683 million represented “financial waste” and almost $243 million was “abuse,” and other forms of mismanagement. The Auditor General’s reports also identified serious concerns with widespread inefficiency and poor management of the Ministry. Lawmakers must amend or enact legislation, to end such waste, abuse, and mismanagement of public resources. These resources must deliver maximum public benefits to citizens and promote economic growth.