Cabinet increases 2024 capital budgets by $7.4M
(CNS): Under section 11 of the Public Management and Finance Law, Cabinet has effectively added another CI$7.4 million to the 2024 budget with the approval to increase capital funding for various government projects by CI$7 million. According to brief meeting notes from 14 August, the government’s inner circle approved an equity injection of $3 million for the John Gray High School project, and another $4 million has been allocated to the Ministry of Border Control and Labour for undisclosed projects.
Transfer Payment 51, under the Ministry of Education, has also been increased by $400,000 for training assistance and a one-time grant to Triple C School.
The Cabinet notes do not reflect an equivalent reduction of any line items in the budget, implying that this is additional spending. The most recent public release relating to government finances shows it is currently running a significant surplus of CI$216 million. But its senior accountants have warned that this will decline as the year advances because the government collects most of its revenue from the offshore sector earlier in the year.
The same Cabinet minutes also show that the government is continuing to acquire land, but the details of these latest acquisitions have not been documented. The Cabinet approved the purchase of Block 98D Parcels 124 and Block 75A Parcel 208, both of which include vehicular right of way in favour of the general public. The government also bought Block 72C Parcel 213, Block 101A Parcel 7, and Block 110A Parcels 23 and 28.
The government has also approved the issuance of a coastal works permit for the construction of a private dock and cabana offshore Block 24C Parcel 21 in Patricks Island.
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Category: Government Finance, Politics
Where is the money to fix our South Sound boardwalk? It has been littered with cones and unsightly for months. It should not cost more than $5000 to fix the lumber plus labour.
You mean they cant find $5000 for a public project?
Yet they giving away hundreds of 1,000s in kickback money to GT projects that are not needed and not started.
John John does need a new Tahoe. Maybe an armored bulletproof one this time?
These morons are trying to bankrupt this country. Heaven help us. Turks and Caicos all over again.
Before they do that they’ll certainly first give themselves a pay and benefits raise..
They had better use some of that surplus to buy some civil servants votes with a COLA before the elections. Sure the DG will use that carrot to fatten the civil service pockets.
So how much does that equate to in kickbacks?
It’s time they slashed their budgets and we slashed their ridiculous salaries.
Does that mean the 50million Brac high school doesnt need anymore money?
And a couple hundred million for a new report prison …millions to consultant alone.
We read these unbelievable amounts and do nothing about it.
Those who benefit from pillaging the public purse keep getting away with it.
Does no one in government ever ask if we can actually afford, let alone need to spend a 9 figure sum on a prison.?
A couple of hundred million? Where did you source that information?
Not Yet, Soon Come 🤡🤡🤡
Can they not take some of the surplus and provide free canal front mansions for the MPs? It is heartbreaking to see MPs forced to get loans from other MPs just so they can live on a canal lot.
Cancel Kenny Bryan’s crack park and all the other crap nobody needs. Found the money.
Need to change the party name to UPPM. Unlimited Pet Project Money.