That ministry alone accounted for unresolved monetary risks of 3.3 billion
There is literally too much to unpack here.
Seems like the AGs job is to constantly make recommendations that are ignored. How ironic is it that the Ministry that is responsible for distributions to the poor is also the one that has some of the glaring 'irregularities'.
Poor decisions at dozens of government departments have exposed more than $40 billion of taxpayers\u2019 money to loss or misuse, an analysis of the last two auditor general annual reports has shown. Read more here: https://t.co/vLwkhZlmDs #GLNRToday pic.twitter.com/Ymmdlnp0OM
— Jamaica Gleaner (@JamaicaGleaner) January 17, 2021
That ministry alone accounted for unresolved monetary risks of 3.3 billion
173 million..
Tardiness...
Disregard for it's own internal audit..
Significant internal control deficiences....
Lack of appetite to fix the problems flagged as far back as 2011!!!
"In a damning 2018 audit, Monroe Ellis found that in 2017, without permission, the NIF spent 27 million to purchase shares owned by the spouse of a senior executive."
50 million in payments made to companies without valid contracts....
That brings total taxpayer exposure to 35 billion...
But get this. IN THE LAST 15 YEARS NONE OF THE PAC ANNUAL REPORTS HAVE BEEN DEBATED IN PARLIAMNET.
Billions of dollars of our taxpayer dollars keep on being burnt in the dark over decades and we just, keep operating so???
Our standards are low.
Successive governments have spoken about accountability and corruption but I mean, it's either you can't fix it or you don't want to fix it!
How the Ministry responsible for the poor fi a "lose" "miss" so much money bredda? And thousands...
How this ministry fi have such issues wid money just so (BILLIONS) when poor people out deh affi a starve beg and steal fi survive daily.
Yah tell mi seh nobody wide actual power to stimulate change cah empathize.
Unnu think a Ms Ivelyn inna d ghetto a rob dem BILLIONS a dollar yah?
Accountability
As a youth weh know seh WHOLE HEAP a families a live offa 1 stall, couple hundred dollar a day. This hurt mi.
Den unnu come smile up inna man face a trick d hungry fi votes and start the cycle over again.
If u can't afford certain security and Jamaica a man goodly come eat u (not literally). But d man weh can change....
More from Finance
Thread: P&F Super Pattern
An effective price pattern defined using properties of P&F charts.
#Superpattern #Pointandfigure #Definedge
Point & Figure is an oldest charting method where price is plotted vertically, and the chart moves only when price moves. It is a different way of looking at the price, the objective box-value and reversal value offers advantage of identifying objective price patterns.
When price is moving up, it is plotted in a column of 'X'. When it is going down, it is plotted in a column of ‘O’. Normally, three-box reversal criteria is used to define the trend & reversal. Unlike a bar or candle, the P&F column can have multiple sessions in it.
Link to know more about the subject:
https://t.co/2xtLAVPBvm
See below chart. Price is in a strong uptrend, P&F chart would produce a long of column of 'X' with more number of boxes in it.
If such a trend is followed by some time bars without meaningful price correct, P&F chart would not move, and it will remain in column of 'X' in such a scenario.
An effective price pattern defined using properties of P&F charts.
#Superpattern #Pointandfigure #Definedge
Point & Figure is an oldest charting method where price is plotted vertically, and the chart moves only when price moves. It is a different way of looking at the price, the objective box-value and reversal value offers advantage of identifying objective price patterns.
When price is moving up, it is plotted in a column of 'X'. When it is going down, it is plotted in a column of ‘O’. Normally, three-box reversal criteria is used to define the trend & reversal. Unlike a bar or candle, the P&F column can have multiple sessions in it.
Link to know more about the subject:
https://t.co/2xtLAVPBvm
See below chart. Price is in a strong uptrend, P&F chart would produce a long of column of 'X' with more number of boxes in it.
If such a trend is followed by some time bars without meaningful price correct, P&F chart would not move, and it will remain in column of 'X' in such a scenario.