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Carifesta price tag hits $1 Billion

The Culture ministry is still to release a definitive statement on the Carifesta spending and address the concerns of all those persons and companies still awaiting payment. The ministry is playing the silent game on Carifesta and the $1 Billion dollar price tag even as more Carifesta bills continue to pour in.


The Carifesta budget was set at $500 million dollars, by the time the event ended, that budget was multiplied by 2, reaching a figure that the administration may not have been prepared for. Now the main Opposition party, the Peoples National Congress which had raised concern long before the hosting of the event about the spending and projected spending, wants the government to come clear on the issue.


The PNC wants to know where all the Carifesta money is coming from. Reports indicate that the lotto funds are being tapped into for payments.


Guyana hosted Carifesta for 10 days back in august. Two months later, several persons and companies are still waiting on their payments for jobs done.


The Finance ministry has asked the Culture ministry to provide more details on invoices and payments done. It is unclear right now when the ministry will complete all payments as the accounting for what has already been paid out, begins.

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