A report in Kaieteur News captioned “Finance Minister fails to account for $8,000 million in five years” on December 8, 2013 claims that for the past five years more than $8B from the Revision of Wages and Salaries budget cannot be accounted. The report further makes outrageously inaccurate claims, including the level of salary increase that can be paid as provided in the National Budget.The article in question clearly demonstrates that the AFC is unfamiliar with the purposes and uses of the Revision of Wages and Salaries allocation as the methodology used to determine the proposed salary increases for public servants is fundamentally flawed.

As a point of clarification the uses and purposes of the Revision of Wages and Salaries allocation in the National Budget are a matter of longstanding public record.
As a matter of policy, and of practical necessity, the National Budget only provides allocations to meet the cost of posts filled in budget agencies at the time the National Budget is finalised.
Should a budget agency promote or recruit new staff, increase salaries or otherwise adjust salaries during the course of a year, that budget agency must revise its budgeted allocation to meet its shortfall. The shortfall is met by what is described as an inter-departmental warrant of funds provided by the Ministry of Finance from the revision of wages and salaries allocation to the agency where the shortfall has arisen. This treatment of financial allocations for positions that are unfilled at the time of preparation of the national estimates or other employment cost shortfall is long established and honoured by time.
These facts are well known to the National Assembly and its members. In addition, this information has been provided every year during consideration of the National Estimates. This very explanation was offered as recent as Tuesday, April 2, 2013 during the budget debates in response to a similar question posed by Mr. Carl Greenidge.
Therefore, the AFC’s claim that the difference between what is allocated and what was actually paid to public servants is inaccurate and unfounded, as is the claim that the 2013 budget catered for a 15% salary increase. (Ministry of Finance)