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Spending on Contingencies Fund must be revealed, says P.M.

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Posted: Tuesday, February 9, 2021. 4:23 pm CST.

By Aaron Humes: The Government must justify its use of a Contingencies Fund established under the Finance and Reform (Audit) Act publicly to avoid situations where it can be accused of not using available funds for properly designated emergencies, Minister of Finance John Briceño envisions.

“What has happened, the practice has been, especially with [the former] Government, that they spent money and you only hear about it, but you can’t do anything because you don’t have the evidence. In this case, we will have to go to the National Assembly at the next House meeting and report and if we don’t, then we will be held liable that we are breaking the law,” the Prime Minister added, citing that citizens or the Opposition can take action.

A specific percentage identified in the Budget will be made available for the Fund, meaning the actual amount will vary, but it will be moved around from other portfolios.

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