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Today is Budget Day when the Minister of Finance, Dr. Ashni Singh,NFL Jerseys From China, willMinister of Finance Dr Ashni Singh during one of his Budget presentationspresent to the National Assembly and the nation at large the estimates of the expenditure for the public sector in 2012 based on revenues received in 2011 as well as projected returns for the current year.This is the Minister’s first Budget to the 10th Parliament. He is also expected to report on the performance of the various sectors and the political opposition parties are especially looking to see what level of transparency there will be in the 2012 budget as against the previous years.The opposition has already made its intentions known and has demonstrated that it is prepared to use its majority in the House to influence the Budget as was the case with the final two financial papers pertaining to the end of year expenditure for 2011, for which at least four provisions were voted down.The opposition had called for more details to be attached to the budget documents of financial papers.The actual estimates of expenditure (Budget) for any given year can be divided into two categories, “capital expenditure and current expenditure.”To the layman “current expenditure” simply refers to the year-to-year recurring expenditure that has to be undertaken by the administration such as the payment of wages and salaries, telephone and electricity bills, purchase of fuel and maintenance among such spending.Capital expenditure relates to new expenditure akin – for road construction and projects like the Amaila Falls hydro project.One bone of contention that the opposition has always had, relates to ‘current expenditure’,cheap nfl jerseys elite, for which an explanation is almost always sought, never to the satisfaction of the political opposition and some circles of civil society.For each of the budget agencies that fall under Central Government, such as Government Ministries, there are two budgetary line items labeled under the accounting codes “ 6284 and 6294” for which the “Details of Current Expenditure” is said to be “OTHER.”That label “OTHER” has always been objected to by the opposition,Cheap Authentic Jerseys Online, who sometimes accuse the government of allocating funds for itself with ‘Carte Blanche’ authority. These funds sometimes amount to billions of dollars.In the 2011 estimates, the Office of the President was allocated some $126.3M to be used for “other” expenditure.These monies were divided between OP’s Administration, Presidential Advisory (Cabinet and other services) and Public Policy and Planning.The Ministry of Finance had some $357M to be used for ‘other’ expenditure for its administrative department as well as the Government Accounting Department.In the 2011 current expenditure there was almost $4B in expenditure set aside for which the administration had access to use as “OTHER”.The total current and capital expenditure for 2011 was some $161.4B but the government had moved to the House through Supplementary Provisions seeking approval for another $18B which it had spent in 2011 in addition to the Budget.There were some glaring instances of the opposition had called for more details such as in the case of a $464M allocation to the Guyana Defence Force to use for current expenditure.Some of the other figures point to an excess of $300M allocated to the Ministry of Finance while another $1B has been handed to the Guyana Elections Commission to use for “OTHER” current expenditure.Some other instances of large amounts to be used for “OTHER” current expenditure falls under the Ministry of Education’s Training and Development programme where some $88.4M was allocated for current expenditure under “OTHER.”The Georgetown Public Hospital Corporation also has an $80M allocation for the same purpose while the Ministry of Home Affairs had almost $100M to also be used for “OTHER” current expenditure.The political opposition has already signaled that it would be looking into each of the expenditures allocated for the various units of Government with a view to ensuring transparency and accountability.Already the Finance Minister on his projections for the 2012 Budget has said that it will be meeting “the needs of the Guyanese people and helping to create an environment where the aspirations of the Guyanese people can be realised.”Dr. Singh says that the 2012 budget is particularly significant because it is the first budget of the tenth Parliament of Guyana, adding, “So it does provide us with an opportunity that is even more significant than would normally be the case, to review economic developments and, in particular,Cheap Soccer Jerseys Authentic, to outline government’s plans and programmes,Jerseys NFL Wholesale, not only for 2012, but also for the medium term, certainly the next five years or so.”The budget for 2012,Cheap Authentic Jerseys, he said,Wholesale Authentic NHL Jerseys, like its predecessors for several years now, will follow the format of accounting for economic performance last year and outlining plans and programmes for 2012.