With no 2017 Budget, over $111M sought to keep Gov’t running
Under the rules, they must produce a budget by the end of April 2017. The Premier and Minister of Finance Dr The Honourable D. Orlando Smith will move a motion seeking one hundred and eleven million dollars, five hundred and nine thousand, four hundred dollars ($111,509, 400) to keep the government running for up to four months before the Appropriation Act is passed.
Out of that amount some ninety-nine, seven hundred and nine thousand, four hundred dollars ($99, 709,400) goes to the Recurrent Budget until the Budget is passed and six million, eight hundred thousand dollars ($6,800,000) for Capital Projects. The Premier is also asking that five million dollars ($5,000,000) goes to the Reserve Fund in his short term budget to keep the Government running.
More money via SAP; Over $28M to clear up monies already spent
In addition to the Provisional Budget via a General Warrant, the Administration is also seeking to clean up money already spent. They will be seeking some twenty eight million, eight hundred and thirty-two thousand, six hundred and ten dollars ($28, 832, 610) in a Supplementary Appropriation Provision (SAP).
The Premier’s SAP motion calls for some sixteen million, six hundred and seventy four thousand, five hundred and seventy-five dollars ($16,674, 575) to cover already spent Recurrent Expenditure. The returned money is to be charged to the Consolidated Fund of the territory.
In addition some five hundred and forty-four thousand, seven hundred and thirty-seven dollars ($544, 737) was overspent and will cover Capital Projects. The SAP will also cover some eleven million, six hundred and thirteen thousand, two hundred and ninety-eight dollars ($11, 613, 298) overspent for Development Expenditure.
The Order Paper does not contain the breakdown of the overspending funds now to be regularised in the SAP.
In defending why he failed to produce the 2017 Budget on time, Premier Smith said, “it’s not unusual as previous Governments have also had late budgets.”
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14 Responses to “With no 2017 Budget, over $111M sought to keep Gov’t running”
government has been late before. We are living in the future, not the past, where is the budget?
Enough is enough!!! And you want self- determination, how maddening is that?