Saturday, April 13, 2024

Symmonds: Report shows financial lawlessness


Share post:

A MEMBER of the Public Accounts Committee has expressed alarm at the latest findings of the Auditor General’s report.

Opposition Member of Parliament Kerrie Symmonds is particularly upset with the claim that more than $765.7 million in advances were outstanding to statutory corporations as of March 2015, with no indication that they had the means of repaying the sum.

He told a meeting of the Barbados Labour Party’s Christ Church East branch at St Christopher Primary School on Sunday that the report had shed light on the widespread practice of “financial lawlessness” to the tune of over three-quarters of a billion dollars from the Treasury to statutory corporations without parliamentary approval or oversight.

Symmonds insisted the Government, including the Prime Minister, must account for where the people’s money had gone. (WILLCOMM)

Please read the full story in today’s Daily Nation, or in the eNATION edition.


Please enter your comment!
Please enter your name here

Related articles

New route for Grand Kadooment

Masqueraders will be parading on a new route on Grand Kadooment day. That was announced during the Crop Over...

Gastro on the rise while dengue cases drop

Dengue fever cases continue to decline but the numbers are still above the outbreak threshold. In its most recent...

IMF managing director selected for second term

WASHINGTON - The International Monetary Fund's (IMF) executive board on Friday selected Bulgarian economist Kristalina Georgieva to serve...

RiRi reveals fantasy plastic surgery

Rihanna revealed the “fantasy” plastic surgery procedure that she’s tempted to have done during a recent interview. The 36-year-old...