... Fiscal Responsibility tuh di Werl!!!
JDIP funds almost done — Davies
BY ALICIA DUNKLEY senior staff reporter dunkleya@jamaicaobserver.com
Tuesday, January 24, 2012
TRANSPORT and Works Minister Omar Davies, has revealed that almost the full US$400 million for the Jamaica Development Infrastructure Programme JDIP has already been spent.
Davies told Parliament that as at December last year the combination of funds actually disbursed, work orders certified for payment and and the value of the works committed amounts to just over US$398 million.
"This means that if as minister I accepted the status quo, all but US$1.8 million of the US$400 million loan which was scheduled to be expended over a five year period would have been totally completely committed before the end of the second year of the programme," Davies said, "Let me make it abundantly clear I am speaking on behalf of the administration that we will not accept this situation," he added.
Read more: http://www.jamaicaobserver.com/news/...#ixzz1kPnsEX43
JDIP funds almost done — Davies
BY ALICIA DUNKLEY senior staff reporter dunkleya@jamaicaobserver.com
Tuesday, January 24, 2012
TRANSPORT and Works Minister Omar Davies, has revealed that almost the full US$400 million for the Jamaica Development Infrastructure Programme JDIP has already been spent.
Davies told Parliament that as at December last year the combination of funds actually disbursed, work orders certified for payment and and the value of the works committed amounts to just over US$398 million.
"This means that if as minister I accepted the status quo, all but US$1.8 million of the US$400 million loan which was scheduled to be expended over a five year period would have been totally completely committed before the end of the second year of the programme," Davies said, "Let me make it abundantly clear I am speaking on behalf of the administration that we will not accept this situation," he added.
Read more: http://www.jamaicaobserver.com/news/...#ixzz1kPnsEX43
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