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Government earns $889M from house lots’ sale last year

Sep 20, 2011 News

 

 

Last year, the Ministry of Housing land sale for house lots and private scheme development saw that state agency collecting over $889M.
According to the audited financial statements recently tabled in the National Assembly for approval, this was an increase of $154.59M over the 2009 figures.
Over the same period, building application fees saw government drawing in almost $9M, just over $1.2M more the previous year.
Income from house lot application forms dropped, in 2010, by over $1M to $3,107,400.
Total income last year amounted to $1.94B while the Ministry’s expense then was $692M. This was compared to $1.189B income in 2009 and $226M in expenses in 2009.
Under income from transport processing fees, the state entity collected $32.69M, as compared to $20.24 in 2009.
Some $705M from Under the heading Government of Guyana Housing Projects, some $680M was reported as spent on housing projects, in all likelihood infrastructural and other works.
However, government collected a massive $705M from its housing projects as compared to the $166M that came in during 2009.
House lot allottees who received refunds amounted to $17.81M as compared to the $42.92M the previous year.

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