Believe it or not: Falklands, a nation with a comfortable budget surplus
The Falkland Islands Government accounts showed a surplus of £4.297 million compared to a revised budget surplus of £2.448 million (a positive performance of £3.190 million) for the first three months of the 2012/13 financial year, according to the Financial Management Report presented this week to the Standing Finance Committee.
The Management Accountant Daniel Heath noted the figures excluded unrealised gains and losses on investments. During the first three months of the financial year net liquid assets (funds that are readily available for use) increased by £6.2 million to an estimated £125.2 million.
Under operating revenue Natural Resources were reported at £146,000 adverse due to a £190,000 shortfall in Fishing License revenue against the planned estimate. The Director of Natural Resources advised that may largely be a phasing issue and linked to repayments from the previous season made in July.
Health & Education were £196,000 favourable driven by unanticipated Medical Service Tax receipts of £197,000 mainly paid by oil industry workers.
The Public Works showed £394,000 favourable due to quarry sales being currently £201,000 ahead of plan. This was largely due to higher sales to FIG projects than had been projected, primarily Sapper Hill.
The Treasury showed £852,000 favourable with taxation revenues for the first quarter being £1.52 million above estimate. This was partially due to higher taxation receipts from oil exploration than were projected in the original budget. However corporation tax receipts from local companies were also £996,000 higher than planned.
Mr Heath said in his report that the Taxation Officer advised that, due to further oil-related revenues later in the year, income and corporation tax for 2012/13 was currently estimated to be £3.77 million favourable for the full year.
Those gains were partially offset by investment revenues being £660,000 lower than anticipated for the period for July to August.
Under operating expenditure, Health & Education were £219,000 favourable and Mineral Resources were £129,000 favourable with Executive Management at £172,000 favourable and Public Works, £133,000 adverse. Mr Heath noted the quarry was overspent by £129,000 against budget largely due to the increased labour and plant hire required to maintain the current levels of production. Likewise the Power Station was £122,000 adverse to plan primarily because of the amount of fuel being used to meet current levels of demand.
That has partially been offset by £40,000 of Repairs and Maintenance savings within the Property and Municipal and Housing, although that money was likely to be spent later in the year. There was also a £30,000 saving in the PWD/Admin salaries budget due to vacant posts.
Capital receipts were reported to be slightly less than estimated due to slower sales of land and buildings than originally projected.
Under Capital Expenditure, capital schemes were noted to be currently behind schedule by £1.671 million.
Highways Projects and Infrastructure Development were described as both currently behind schedule. However, the Director of Public Works has advised Mr Heath that progress in both these areas should accelerate later in the year and spend should be achieved.
He also noted there were no bids for the Public Toilets project and that will be re-bid in early November.
The FIG Housing contract has been awarded, however due to the nature of the agreement full spend was not anticipated to be achieved this year. (Penguin News)
Suggested Stories
-
May 20th 2013
Falkland Islands: Argentina blasts UK’s ‘double standard’ on self determination right
-
May 20th 2013
Pope Francis and Merkel talk economics: ‘rules of the social market have not been observed”
-
May 20th 2013
Uruguay satisfied with the latest cruise season, but there could be difficulties ahead
-
May 20th 2013
Polynesia in decolonization list; Pacific islands proposal supported by 193 votes in UN General Assembly
58 comments Feed
Note: Comments do not reflect MercoPress’ opinions. They are the personal view of our users. We wish to keep this as open and unregulated as possible. However, rude or foul language, discriminative comments (based on ethnicity, religion, gender, nationality, sexual orientation or the sort), spamming or any other offensive or inappropriate behaviour will not be tolerated. Please report any inadequate posts to the editor. Comments must be in English. Thank you.
Money from stolen natural ressources.
Fished out of our waters by near-slave crews from vietnamese ghost ships.
How difficult is that?
I love the smell of desperation in the morning!
Jealous?
You can't steal something that belongs to you. The Falkland Islands community is older than the republic of Argentina, that's why all your sovereignty claims are erroneous.
Poor Think. Argentina has loads of natural resources, but your government at every level is so corrupt that nothing EVER gets done. Then as icing on the cake, your government then STEALS a company erroneously calling it 'nationalisation' and break your own constitution to do it.
So since your government is so corrupt, and your situation so dire, you look on the Falklands with envious eyes because they are making a success of their lives, their community and their nation.
Yes Think. As of March 2013 the Falklands will be internationally recognised as a self-governing British Overseas Territory at their own request.
And Argentina will continue on a path of self destruction, with your government continuously humiliating you on the international stage.
Why do you think they let Timidman ramble at the UN? Because they can all do with a bit of comic relief every now and then.
That was quick...
Somebody is “watching” you:-)
Fished out of our waters by near-slave crews from vietnamese ghost ships
Physician heal thyself
Made in Argentina: Slave Conditions for Bolivian Workers
www.globalpolitician.com/print.asp?id=1744
Slave labor conditions at Pioneer/DuPont site in Argentina
www.youtube.com/watch?v=iVhwfjravJ8
en.mercopress.com/2012/08/27/argentina-wants-to-cut-falklands-squid-catches-flooding-the-area-with-jiggers
Now wouldn't that be ironic if you were swept up in the muster?
Work faster Think!♥
The way your economy is going t1ts up, I can forsee many Argentines in the South queueing up to work in the Islands, though Chileans are more reliable so hopefuly they will benefit.
What's happening with the resources you have?
And by the way, where's these court actions the Argentines are taking against the companies investing in Falklands hydrocarbons? After all CFK promised court action.
So when is this court action happening in RG never-never land??????????
Your resources far outnumber what the Falklands have, yet you want theirs because they manage theirs properly while you can't even get anyone to invest in developing yours and you want to take them over like the pirates you are.
Pull your fingers out, do some work and run your own country properly, then you will make so much money you can laugh at the Falklands rather than cast your thieving eyes on someone elses property.
The Falklands resources belong to the Falkland Islanders not your greedy pirate friends who can't even extract theirs.
Cher Isolde is not after my intelectual skills........ She's just after my body ;-)
It would have to be your body because who would ever want your mind?
You're right, her credibility must slip a bit more every time she threatens court.
“It's all ours we'll take you to court”
“Ok take us to court then”
*Silence*
Instead of acting like jealous people do as most of the commentors are saying . GET OF YOUR BACKSIDES and start making your Country a better place before you start trying to distroy someone else's.
Accept that the Falklands belong to the people living on them and will never belong to Argentina anytime now or in the future.
The charm and charismas just flows of the sleeve of the British,
Sadly the only thing that is on the sleeve of CFK
Is her cuff, cough cough ..
.
. As of March 2013 the Falklands will be internationally recognised as a self-governing British Overseas Territory at their own request.
Do you not see a contradiction between land in the south Atlantic being British and self governing.What is the connection?
It is not Britain's or the Islander's fault that you are unable to comprehend how a British Overseas Territory functions. In essence, the nationality of the people living in the Falklands have British citizenship, however, only people classed as Falkland Islanders by the Falklands constitution can vote or run for election, therefore only the islanders can govern the Falklands. Simple enough for you?
Personally, if I had Falkland Island status I'd be lobbying for a change of description from BOT (in the South Atlantic) back to UK Dependent Territory and throw in our lot with the Isle of Man(off Ireland) and the Channel Islands (off France). It seems to work for them.
.
Crown & United Kingdom of Great Britain appointed Non-Executive Chairman of the Falkland Islands British Overseas Territory Executive Council .......... if I may.
Easier to comprehend for us dagos....
The committee considers UN decolonization to the Falkland Islands as a colony. Of the 16 cases of colonialism in the world, 10 are for the UK they are: Anguilla, Bermuda, Gibraltar, the Malvinas Islands, Cayman Islands, Turks and Caicos Islands, Monserrat Island, Pitcairn Island and St. Helena Island.
Just look at any web page concerning the decolonization committee of United Nations refers to are a colony.
Besides the UN resolutions are referred to a colony.
See 2065 (XX) of 1965, ratified by later resolutions 1973 (3160, XXVIII) 1976 (31/49), 1982 (37/9), 1983 (38/12), 1984 (39/6), 1985 (40/21), 1986 (41/40), 1987 (42/19) and 1988 (43/25). They all declare the existence of a sovereignty dispute. No self-determination. It is a territory to colonize.
Just look at any web page concerning the decolonization committee of United Nations refers to are a colony. Example Wikipedia.
es.wikipedia.org/wiki/Comit% C3% C3% B3n A9_de_Descolonizaci%
@8 There'll be no “cutting & pasting web links, incoherent arguments and blind faith in circus clowns”. Just the fetters, the whips and the knowledge that “disposal” is straightforward. If it won't work, even after its spine has been bared by the whip, you just toss it over the side. Fortunately, there are sharks in all seas!
@10 Why would Isolde want a corpse?
@17 No. Your lack of comprehension is not our problem. Perhaps you could try getting an education? At least you've finally managed to get one thing right. The Falkland Islands ARE in the South Atlantic! They are NOT in South America. There are clues. The owners speak English as their first language. They are hard-working. They are honest and truthful. They are peaceful. They don't wander around trying to steal things. Clearly, they cannot be South Americans. And the “land” has similar clues. For a start, the Falkland Islanders live on it and have done for hundreds of years. And, just as important, 65 million people say it's theirs. And have the muscle to back it up. As you've been taught before.
@23 Reported for continued abuse.
@24 Yeah? Not with money!
“And by the way, where's these court actions the Argentines are taking against the companies investing in Falklands hydrocarbons? After all CFK promised court action”
They are in the queue behind Argentinas ideological role-model, be patient : )
english.ruvr.ru/2012_07_29/Iran-to-sue-US-EU-for-sanctions-damages/
www.rttnews.com/1429351/iran-to-sue-russia-for-canceling-anti-aircraft-missile-sales.aspx
www.bbc.co.uk/news/world-middle-east-18108246
www.guardian.co.uk/world/2012/aug/15/iran-murdered-nuclear-scientists
Do you not see a contradiction between land in the south Atlantic being British and self governing.What is the connection?
How do I recognise anything being British idiot.Do you think you could annoy me to taking your view.Grow up and don't try fools stunts on me.Try typing slower and leave some space for yourself to wriggle in.
And by the way,raul23# is totally correct because he is not claiming anything original or controversial,just something that in part is in dispute,but you being the idiot you are,don't like it.But what you want and what is,unfortunately for you,do not(don't) always merge.Try to live with it and get calmer.If you can!
Abuse? Clarifies that is for you? Express different points of view is basic and fundamental in a democracy. Also you have been notified.
Since, whenever they choose to be so and the thing is, you will be utterly powerless to do anything about it. It must realy hurt your national pride. A small band of independent minded people, cocking a snook at you and you can not do jack about it. Man there's no wonder it winds you up so much, would me too! perfectly understandable and explains a lot.
Conqueror ís not British as liké your other comment námes who assert Argentinians.
Go ahéad néxt serial comménts by your other námes...lets laúgh.
GOOD job, ppls!! Y'all are a benefit.A Good example ofcan actually HELP ppl if they want to learn this aspect from you.
Thank you for reverting to my correct title. I now feel empowered, when our eternally vigilant editor feels it right to publish the next episode, to comment on the deplorable situation regarding one of Her Excellency's naval fleet.
Are you okay.Youre not hallucinating are you.Look out behind you.There are noises.No wait.Its you talking to yourself.Eating to many Haribos is it.
ANOTHER good news story coming out of the Falklands??? It never rain's huh?
You see a small island out there in the South Atlantic showing their next door neighbour a country of some 42 million people ( I would have said souls, but we all know that the Argentines sold them a long time ago ) how to a successful economy and basically, do everything right.
If you like, they could even send a deligation to BA and give Ol' Turkey Neck / TMBOA / KFC some lessions in International politic's, people skills and dignity. although, I suspect that if they did, they would be over there for quite a long time................
by the way have the argtards secretly payed for the release of their ancient naval warship yet?? ironic that they named the piece of crap “Libertad” whats spanish for “No more freedom until Argtards have payed”.
www.atlantico.net/noticia/215914/expertos/advierten/vigo/riesgo/invertir/argentina/
'On another note, Councilman Vuoto referred to the referendum launched by the municipality for the next 28 and November 29. The mayor “welcomed” the decision of Mayor Federico Sciurano removing the question concerning the nationality of those born in the Falkland Islands, which had led to much controversy and garnered the rejection of most of the political opponent. “It's like asking if someone born in Ushuaia is fueguino” Vuoto substantiated, while municipal executive called an “opening” to ”questions are developed by consensus and to avoid in the future such situations . '
www.eldiariodelfindelmundo.com/noticias/leer/45622/militantes-de-la-campora-participaran-del-acto-aniversario-por-la-muerte-de-nestor-kirchner.html
no enough monies to build a decent hotel, no good restaurants...OH! I love poverty!
““Falklands a Nation”. Since when?”
Since the first Falkland Islanders were born on the Falkland Islands.
Sussie, Is that because you live with it ?
,,,,,,,, shut up!
Cheers from Chile
Seeking attention again, sussie?
You still insist you live in Tempe, AZ, USA, correct?
You can show us you do:
Go to a recognisable landmark in Tempe, Tempe City Hall, you can't miss it.
Take a picture of yourself (face obscured if you like) holding this week's East Valley Tribune.
Open a PhotoBucket account under a fake name (Sussie??) and post the picture.
Give us the link on Mercopress, then we'll know you are really in the USA.
If you choose not to do this, we can assume you having lying all this time. Not unexpected, I grant you.
Can't wait for the excuses...
How's your “Papi”??
Sorry to disabuse you Sussie but I am not Isolde. I am exactly who I have said I am if you looked at earlier posts made on various Mercopress forums. I am male, 70 years old and live in the town of Ayr on the west coast of Scotland. My password is made up from the area where I live and 15 was the house number where I lived in Glasgow
For proof,you can ask me details of the area and I will answer-unlike BK who claims to be Scottish but never gives any details of his whereabouts or history.
If you stopped posting inane drivel then I would probably shut up, as requested.
With most of your posts, you leave your self open to disparaging replies.
You can check the veracity of my personal details by the time of this post - it is 10:05am GMT-or Zulu Time if you are in the forces. The weather outside is cloudy, moderate wind and a temp. of about 10c
I am briton,,,,the one with the big name...
,,,,,.I mean the big arse,,,,,and you are a female,,,,yenserely-skare,,,,!
Remember your “gin” post, Sussie ??
“I miss my Peruvian papi, he liked my rossy arse. He used to screw my arse all day”
You make all Argentinians look like arse-obsessed fools..
Keep it up.
La Campora is happy to have you as a member!
this is the best arse for you Conor Louden-Brown!
??????????????????????????????????????????????????????
Why don't you post in Spanish -I would have more chance of making sense. What is a yenserely -skare ?
“You are a female” - I had better break this astounding news to my wife of 47 years and my two children. In all this time they did not suspect it.
This also means I will have to return my track and field medals for discus and shot putt won in my late teens. I have also managed to fool hospital doctors over the same period.
Are you perchance the seventh daughter of a seventh daughter and gifted with second sight and paranormal powers ?
Or are you just a deluded sad old woman.
I am briton can you read?
the one with the big arse ....I can make you feel better
lol
Yes you could make us all feel better by:-
1) Visiting your local psychiatric clinic and getting treatment for your anal fixation
2) Sticking your head up your backside , blow hard and take what passes for a brain cell into oblivion
From your devoted fan.
I don't.
Seriously, for someone who professes to live in Britain and who says they are from there, I can't understand your hostile attitude towards the Falklands, and your adoration of CFK.
It defies common sense. Unless, you are actually an Argentine or a Brit living in Argentina.
Did I guess wrong? Please tell me why you're so bitter towards the Brits?
“but when I compare my own pathetic political establishment to the radiant and radical Cristina, you're darn right I adore her, and wish she was our leader too!”
Even till now and after months (years?), I am still not sure, if you're mentally insane, or the biggest ironic postmaster of this f*cking website!
Still trying to find out... I currently tend to believe the 2nd option, I couldn't see any other plausible and logical reason otherwise. Big Kudos!
Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!