FAILURE to ACCOUNT
The main issue now arising in relation to the Beetham Water Recycling Project (BWRP) is the complete failure of our country’s system of Public Financial Management.
The $1.043 Billion BWRP was omitted from Trinidad & Tobago’s 2014 national budget. By any standard that is an unpardonable failure to account for that mammoth sum of Public Money. Although the national budget-making exercise is collective in nature, the ultimate responsibility for that function is held by the Minister of Finance & the Economy. That Minister is Larry Howai, who is a Certified Management Accountant and was a career Banker, up until his appointment in June 2012.
The JCC have been long-time campaigners for Public Procurement Reform, together with our Kindred Associations – T&T Chamber of Commerce; T&T Manufacturers’ Association; T&T Transparency Institute; American Chamber of Commerce; Federation of Independent Trades Unions & NGOs and the Local Content Chamber. In the preamble to
View original post 1,338 more words