House Approves FAA Act Amendments to Remove $10b Cap on Disaster Reserve Fund
The House of Representatives, on Tuesday (January 20), passed amendments to the Financial Administration and Audit (FAA) Act, removing the $10-billion cap on the maximum amount that may be held in the National Natural Disaster Reserve Fund (NNDRF). In her remarks, Minister of Finance and the Public Service, Hon. Fayval Williams, explained that the NNDRF was established following an amendment...









