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GOVERNMENT is seeking Parliamentary approval for an additional $2.7 billion in expenditure for the fiscal year 2011.
Parliament meets today to debate the Finance (Supplementation and Variation of Appropriation) (Financial Year 2011) bill, which confirms the increases in expenditure in 39 departments of Government.
It means that the deficit for last year's budget which had been projected at $7.7 billion would be increased by a further $2.7 billion. It also means that as Government closes its accounts for the year 2011, it has spent $2.7 billion more than the $49 billion it told the Parliament it planned to spend when it present its 2011 budget.
The Ministry which received the largest increase in its allocation was the Ministry of the People, which spent $455 million more than its original budget of $2.4 billion.
The Ministry of Works was given $327.6 million more than it was originally allocated. That Ministry has the largest project which this Government has embarked on—the Point Fortin Highway, which is estimated to cost $8 billion.
Also receiving substantial increases for the fiscal year of 2011 were the Ministry of Finance, which spent $378.6 million; the Ministry of Education—$257.7 million; Ministry of Health—$250 million and the Ministry of Public Utilities—$201 million. The Ministry of Housing received $164.7 million more, while the Ministry of National Security got $146 million.
The Trinidad and Tobago Police Service, which has a budget separate from the Ministry of National Security, received $69 million more in 2011.
Also on the Parliament agenda for today is the tabling of the long awaited Children's Bill.
There is one question on the Order Paper to the Minister of Education. The question, filed by People's National Movement (PNM) MP Patricia McIntosh, asks about the current employment status of School Safety Officers in government schools, how many were hired since January 2013 and what are the employment conditions under which the new SSOs were hired.
crossdrilled wrote:Sounds ok.
kevcam wrote:The question, filed by People's National Movement (PNM) MP Patricia McIntosh, asks about the current employment status of School Safety Officers in government schools, how many were hired since January 2013
http://www.trinidadexpress.com/news/Govt_seeking__2_7b_more_in_expenditure-137735038.html
Habit7 wrote:
I dont know why Imbert have to open he goat mouth predict this! Why can't he turn a blind eye like everybody else and just celebrate with Kamla on Jan 24th.
Dem PNM only opposition for opposing sake like if we is a democracy or something!
Imbert. this guy...
Dookeran: Economy better in 2011
Published:
Saturday, January 21, 2012
The economy has performed better in 2011 than anticipated, since the Government did not spend some $2 billion which was expected to have been spent, Finance Minister Winston Dookeran said yesterday. Dookeran was piloting a finance motion during the House of Representatives’ first sitting for the new year. The motion was based on a meeting of the House’s Finance Committee on Wednesday which dealt with supplementation and variation of sums in the 2012 budget. Noting the improved performance of the economy, Dookeran said: “Not only did we not spend near to $2 billion of which we had programmed to spend, we were also fortunate to have an increased revenue position of $1.9 billion.”
Dookeran said that comprised oil intake and a better performance in tax amnesty that the Government had implemented. “So we end 2011 with a solid central government balance sheet,” he added. Dookeran disputed yesterday’s Trinidad Guardian newspaper report interpretation which stated that yesterday’s proceedings were to seek approval for additional expenditure of $2.7 billion. “In fact, what we are doing is to ensure parliamentary approval is sought to bring to account, expenditure incurred by ministerial approval from treasury deposits,” he said. “In other words, these were allocations that were made during the course of the year for which there were was no item in the Appropriation (budget) Bill or the limits were not there.” He said the $2.7 billion referred to, resulted from four advances from treasury deposits.
These four advances pertain to the following projects:
• construction of Pt Fortin highway—$1.5 billion;
• provision of HCU payments—$100 million.
• Clico payments—$ 748 million; and
• completion of Generation company at Pt Fortin—$ 354.1 million.
Dookeran said Parliament was being asked to give supplementation to meet the advances through the treasury deposit of the four projects, and approve variations in ministries. He said that in 2011, there was expected provisional expenditure of $50.9 billion and revised expenditure of $53 billion. Of this, he said, there was an “underexpenditure” of $2.1 billion. The underexpenditure comprised a drop in recurrent expenditure of $1.1 billion. This included salaries, COLA and travelling and subsistences, as well as contract employment of central government and the THA within $263 million. The underexpenditure also included $259 million on interest payments as the Government had not proceeded in seeking new loans.
He said the interest payment fell by $81.9 billion, and current transfers by $467 million. He said capital expenditure also showed a reduction in expenditure. This was programmed to be $ 7.5 billion, but turned out to be be $6.6 billion. This represented $946 million related to the PSIP. Dookeran said the Government would shortly bring the Finance Act based on the 2012 budget proposals and would examine measures implemented to chart 2012 economic behaviour . During yesterday’s session, Gender Minister Verna St Rose Greaves said the Government would be presenting upgraded legislation to protect children, especially against sexual abuse.
http://www.guardian.co.tt/news/2012-01- ... etter-2011
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