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Finance Ministry reports US $7.0 million bank balance |
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Written by Julius Kanubah
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Monday, 08 February 2010 |
The Finance Ministry has reported a bank balance of about seven million US dollars to the House of Representatives.
According to the Chairman of the House Finance Committee, the amount represents the last fiscal year 2008/2009.
Representative Emmanuel Nuquay said the House will verify the amount reported to know how it was brought forth.
He spoke to reporters Monday following discussion with Finance Minister Augustine Ngarfuan.
The submission of the bank balances comes amidst calls by Representative Kuku Dorbor for government to present the documents.
She stressed the bank balances would provide clarity as to how money allotted in the last fiscal budget was expended.
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