Latest update March 27th, 2025 12:09 AM

Guyana's largest selling daily and New York's most popular weekly

Latest News

Let’s move beyond the smoking gun and get the facts on the table

Aug 24, 2013 Letters

Dear Editor,
The amount of debt being assumed by the GoG on the Amaila Falls Project, and hence the liability on the governments books  continues to be in question. Here are just two examples:
(1)Since the government agrees to pay the debt if the company defaults, this is what accountants call a contingent liability; Ramon gaskin Christopher Ram, Letters 18/8/2013.
(2) Once the Amaila shares are sold, this would free the taxpayers, parliament and the treasury from placing on the national books a liability of US 758M; Dr. C. Kenrick Hunte, Letters 23/08/2013
Regardless of whose side you are on, the correct amount of the debt should be a matter of fact and should be easily verifiable. There is no doubt that  US758M is a substantial amount, and substantial claims require substantial evidence.  Accordingly, I respectfully request that the gentlemen quoted above make public the necessary documentation from which their claims arise. Besides, sufficient competent evidence would put to rest the government’s claim that the vast majority of debt being incurred is private debt.  Surely Mr. Ram as a Certified Public Accountant must know that to merely assert that the government requested to have the debt ceiling increase does not constitute sufficient evidence for the establishment of a liability in accordance with Generally Accepted Accounting Principle…let’s move beyond the smoking gun. Let’s get the facts on the table
Newton Mingo

 

 

Similar Articles

The Glenn Lall Show|| March, 17th, 2025

Follow on Tik Tok @Glennlall

THE BLUNT OF THE DAY

Sports

Rotary Club of NA Childhood Obesity Prevention Inter Secondary School Tapeball Cricket begins with two matches

Rotary Club of NA Childhood Obesity Prevention Inter Secondary School...

Mar 26, 2025

Canje Secondary and Tutorial Academy sores victories  Kaieteur Sports- Two schools scored victories when the Rotary Club of New Amsterdam (RCNA) Childhood Obesity Prevention tape ball Inter...
Read More
RS53-ETKEZO Restaurant backs One Guyana 3×3 Quest

RS53-ETKEZO Restaurant backs One Guyana 3×3...

Mar 26, 2025

Pacey McKenzie and Koobir spearheaded RHT Bakewell to two consecutive victories

Pacey McKenzie and Koobir spearheaded RHT...

Mar 26, 2025

Stoppage-time goal seals 3-all stalemate for Ann’s Grove

Stoppage-time goal seals 3-all stalemate for...

Mar 26, 2025

Groups, schedule announced for One Guyana 3×3 Quest

Groups, schedule announced for One Guyana...

Mar 25, 2025

2025 Republic Bank Caribbean Premier League Fixtures confirmed

2025 Republic Bank Caribbean Premier League...

Mar 25, 2025

Features/Columnists

Publisher’s Note

Freedom of speech is our core value at Kaieteur News. If the letter/e-mail you sent was not published, and you believe that its contents were not libellous, let us know, please contact us by phone or email.

Feel free to send us your comments and/or criticisms.
Contact: 624-6456; 225-8452; 225-8458; 225-8463; 225-8465; 225-8473 or 225-8491.
Or by Email: [email protected] / [email protected]

Weekend Cartoon

Bridge Watch

Demerara Harbour Bridge

> Berbice Bridge […]