Bud­get Day is now November 28

Times of Suriname - - ENGELS -

For the first ti­me in de­ca­des, Gu­y­a­na will ha­ve its Bud­get Day way be­fo­re the new year be­gins. Ori­gi­nal­ly sche­du­led for De­cem­ber 5th, that da­te has been brought for­ward by a week.

Ac­cor­ding to Hou­se Spea­ker, Dr. Bar­ton Scot­land the new da­te is now November 28. “This means the Mi­nis­ter of Fi­nan­ce will lay the Esti­ma­tes of Re­ve­nues and Ex­pen­di­tu­re for the fi­nan­ci­al year 2017 be­fo­re the Na­ti­o­nal As­sem­bly and he will ma­ke his An­nu­al Fi­nan­ci­al Sta­te­ment or Bud­get Speech.” Ac­cor­ding to the Spea­ker, in a re­cap of what the Hou­se is ex­pec­ted to do, at the con­clu­si­on of the bud­get pre­sen­ta­ti­on by the Fi­nan­ce Mi­nis­ter, Wins­ton Jor­dan, the Hou­se will be ad­jour­ned. “Fol­lo­wing this, the Stan­ding Or­ders pro­vi­de for a maxi­mum of fi­ve ad­di­ti­o­nal days of de­ba­te on the bud­get mo­ti­on and any pro­po­sed amend­ments. De­ba­te on the bud­get mo­ti­on has pre­ce­den­ce over all other Govern­ment Or­ders. No other govern­ment bu­si­ness may be con­si­de­red du­ring a sit­ting in which the Hou­se de­ba­tes the bud­get mo­ti­on, un­less the pro­ceedings on it are com­ple­ted.” The as­sem­bly has se­ven days for con­si­de­ra­ti­on of the Esti­ma­tes of Ex­pen­di­tu­re in the Com­mit­tee of Sup­ply, be­fo­re it co­mes to the main floor for pas­sa­ge. In the past, bud­get pre­sen­ta­ti­on is not un­known to be pre­sen­ted about two or three months af­ter the new year breaks. The co­a­li­ti­on ad­mi­ni­stra­ti­on had vo­wed last year to pre­sent the bud­get ear­lier, as la­te pas­sa­ge has im­pli­ca­ti­ons on spen­ding and the award of sta­te con­tracts.

The November 28th da­te would mean that pro­ba­bly for the first ti­me, in de­ca­des, two bud­get spee­ches would be pre­sen­ted by the Govern­ment in one year. With a tough last few months, amidst low world pri­ces for com­mo­di­ties, with the ex­cep­ti­on of gold, ci­ti­zens will be paying clo­se at­ten­ti­on to the bud­get. Of im­por­tan­ce will be the me­a­su­res an­noun­ced by Govern­ment to jump­start an eco­no­my which has slo­wed down. With its neigh­bors fa­cing deep fi­nan­ci­al and po­li­ti­cal pro­blems, Gu­y­a­na has stee­red clear of the pit­falls, but con­su­mer spen­ding has seen a ma­jor drop, with a num­ber of bu­si­nes­ses saying that com­mer­ce has slo­wed at least 20 per­cent.


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