BUDGET 2024: Within a matter of weeks, we will establish the Fiscal Resilience Oversight Committee as contained in the Fiscal Resilience Guidelines.
This Committee will comprise up to seven members, drawn from the public and private sectors and will include Antigua and Barbuda’s country economist at the ECCB.
The Committee’s mandate is to assess and report on the Government’s compliance with the general fiscal responsibility principles outlined in the Fiscal Resilience Guidelines.
Since the matter of fiscal sustainability cannot be treated as partisan, we will invite the Leader of the Opposition to recommend an individual to serve on the Fiscal Resilience Oversight Committee.
Mr. Speaker, the additional revenue generated through the measures mentioned above will ensure improved service delivery and better infrastructure.
We have also allocated $15 million in the budget to advance implementation of our arrears clearance strategy. While we intend to remain current with creditors and suppliers, we recognize the need to develop and execute a credible strategy to reduce arrears.
It involves negotiating new financing terms with some creditors – a process that has already begun.
For local suppliers and contractors, we will employ a combination of setoffs with the tax authorities, write-offs where appropriate, cash payments, and issuance of bonds.
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= Public Accounts Committee
= waste of time
“Since the matter of fiscal sustainability cannot be treated as partisan, we will invite the Leader of the Opposition to recommend an individual to serve on the Fiscal Resilience Oversight Committee”.
What am I missing here?
Didn’t the government tell the opposition recently that they (the government) were elected to run the country and they do not need the opposition help? I think it was Molwyn who made the statement in Parliament.
Now that they (the gaston browne government) have run the country’s economy on reef and mash um up, ‘they are inviting the leader of the Opposition to recommend an individual to serve on a Fiscal Resilience Oversight Committee?
Don’t be surprised if the Opposition is fool enough to send somebody.
The Oversight Committee can include up to 7 Members. Allowing only 1 opposition Member on the Committee is merely symbolic. More misdirection! Vote this guy out.
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