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Montevideo, September 25th 2018 - 17:13 UTC

Falklands faces fiscal 2015/16 with surplus budget, all industries prospering and 1.4% inflation

Wednesday, June 3rd 2015 - 08:18 UTC
Full article 25 comments

The Falkland Islands Legislative Assembly received on Tuesday the Appropriation Bill which allows for expenditure of £61.4M pounds in the fiscal year 2015/16, supported by revenues of £56.9M and a projected £4.9M from oil and gas exploration, thus completing another surplus year. Read full article

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  • Chicureo

    Oh no, the Argentines are not going to like this news as it makes them look like monkeys when it comes to managing their own national finances... which they are of course.

    It's nice to maintain a surplus each year. Chile’s government is required (and does) to deposit an amount equivalent to between 0.2 and 0.5 percent of the previous year’s GDP into a pension reserve fund. It is also required to put a percentage of its fiscal surplus into its so-called Economic and Social Stabilization Fund. The size of the latter fund has increased from $2.6 billion at its inception in 2007 to $14.7 billion in December 2014.

    Jun 03rd, 2015 - 09:47 am - Link - Report abuse 0
  • Skip

    Every year is another FU to Argentina.

    Pretty awesome isn't it.

    Jun 03rd, 2015 - 10:02 am - Link - Report abuse 0
  • Chicureo

    #2 Skip

    Success is the greatest revenge...

    Jun 03rd, 2015 - 10:19 am - Link - Report abuse 0
  • Islander1

    Chicureo - Well done Chile!- a solid sensible member of the S American community.I recall your last president I think jokingly offering a loan to the ex Br PM Gordon brown on a visit to Santiago! Hopefully UK will be debt free also in 4-5 yrs time.

    Jun 03rd, 2015 - 11:19 am - Link - Report abuse 0
  • gordo1

    Hurrah for the Falkland Islands and and their people!

    Argentina - earn a lesson from your neighbours to the East!

    Jun 03rd, 2015 - 11:43 am - Link - Report abuse 0
  • Briton

    Good luck to them.

    Jun 03rd, 2015 - 11:59 am - Link - Report abuse 0
  • CaptainSilver

    CFK to Joe Bloggs - “lend us a few squid!”

    Jun 03rd, 2015 - 12:16 pm - Link - Report abuse 0
  • paulcedron

    what “industries”?
    having a bunch of sheep is not an “industry”, you benny-hillbillies.

    but the funniest thing is whenthey talk about 4.9 M revenues from “oil and gas” exploration...lol.
    4.9M...insignificant islets, insignificant revenues.

    and tell ms. granger she needs to lose some weight.

    fatsos...

    Jun 03rd, 2015 - 12:27 pm - Link - Report abuse 0
  • FI_Frost

    @8 Comedy Paulie

    Keep on truckin.....your just great fun to read on here.

    Jun 03rd, 2015 - 12:36 pm - Link - Report abuse 0
  • Ferdinando

    This Paul Troll not unstand industry. Fat Max folowerss all they thin is wear nex choripan coming from. Please, this idiota not typical of Argentina. Many lov english futball and dream come to europe to esape life wich comes worse evrday. Do not ask Argentine person regard ecomic because my country is definate not good on this subject. Falklands peple obviously follow example of England and US to be rich and happy. This is my dream too

    Jun 03rd, 2015 - 12:43 pm - Link - Report abuse 0
  • Chicureo

    Nicola Granger, the Financial Secretary of the Falkland Islands Government, seems to me to be quite charming and attractive, but what is absolutely certain is that she's very accomplished and experienced with an MBA from the University of Warwick - Warwick Business School. (I read her bio and it's very impressive.)

    On the other hand, Paulcedron, our mentally challenged, fast food fanatical devotee, who's never seen the inside of a fitness center, residential troll and part time bed pan cleaner (his parole officer assigned him 20 hours a week of public service work at a mental asylum) obviously never finished his secondary education as evidenced by his postings, still lives with his mother and has absolutely no societal value. His idea of a hot date is his favorite sock and a dog eared transvestite porn magazine.

    Anyway, my best congratulations to Ms. Granger on her well written report regarding the success of the Falklands fisheries, tourism, agriculture, oil and gas that are “healthy and prospering with sufficient financial surplus as to ensure 2.5 times department spends with non committed funds, and 1.4% inflation.”
    An amazing accomplishment considering the small population where unemployment nearly exists.

    Compare that to Argentina and honestly tell me that the inhabitants would be happier with CFK as their president...

    Jun 03rd, 2015 - 01:15 pm - Link - Report abuse 0
  • ChrisR

    ”all main industries (fisheries, tourism, agriculture and oil and gas) are healthy and prospering with sufficient financial surplus as to ensure 2.5 times department spends with non committed funds, and 1.4% inflation.“

    This cannot be correct!

    Surely she means 41% inflation just like they have in argieland: 1.4%?

    Oh, it's just SO easy to take the piss out the argies.

    Cue Riki Mashed Potato Head claiming TMBOA is a financial master, or mistress, as she so often is. I bet she is proud of the nick the Chin have for her ”two Yuan whore”.

    BRILLIANT performance by the Islanders!

    Jun 03rd, 2015 - 01:51 pm - Link - Report abuse 0
  • Ferdinando

    Chicurio, you are wrong Paul is either Cartonero or dog walking. Bed pan throw way thing now. You have Cartonero in Chile? When I go Valporiso there many dog go themselves and follow to finicukars. No job for Paul there. Top of hill right place for Paul, in slum.

    Jun 03rd, 2015 - 02:00 pm - Link - Report abuse 0
  • Conqueror

    @8. Not too bad for a population of 3,000. Try comparability. Has argieland got revenues of £759 trillion? That'll be more than 10 quadrillion argie pesos. In your dreams. Nice that they have so much money that they can afford to eat enough to become overweight. Jealous?

    Jun 03rd, 2015 - 02:18 pm - Link - Report abuse 0
  • CabezaDura2

    It will be interesting to see from a economical point of view how they manage to keep up the rest of the other industries as the oil and gas bonanza takes place and not become over reliant on oil and gas and other important commodities like gold and silver as these cases always end up doing.

    Its inevitable that they will have some inflation as a consecuence of oil and gas boom.

    Jun 03rd, 2015 - 02:27 pm - Link - Report abuse 0
  • Chicureo

    #12 ChrisR

    If the Argentines were in control of the Mythical Malvinas, there would be an actual inflation rate of 41% and the Chinese would be running wool, fishery and petroleum 99 year rental concessions to help pay for Argentine yuan denominated loan obligations. The population would still hover over 3,000 inhabitants...
    Twenty or so of the original Falklander residents, about two hundred Argentine transplants, roughly a thousand Chinese contract laborers and three thousand Chinese military operating at their base in Puerto Panda...

    Jun 03rd, 2015 - 02:41 pm - Link - Report abuse 0
  • Monty69

    8 paulcedron
    Still obsessed with 'fatsos' you weird deviant?

    I suppose you need to be. You can tweak your own appearance perhaps, but you're never going to be able to diet your way out of stupid. Nic is always going to be smarter and more successful than you. That must really get on your nerves.

    Jun 03rd, 2015 - 03:21 pm - Link - Report abuse 0
  • Islander1

    Paulie Numpty - Actually she is a slim lass would pass in any group of your ladies- idiot.

    Jun 03rd, 2015 - 11:36 pm - Link - Report abuse 0
  • Benson

    “having a bunch of sheep is not an “industry”, you benny-hillbillies.”
    Yes the wool market isn't an industry.
    W-w-w-wooden spoon.

    Jun 04th, 2015 - 05:58 am - Link - Report abuse 0
  • Conqueror

    @8. 'having a bunch of sheep is not an “industry”, you benny-hillbillies.'
    A 2011 report estimated the number of sheep on the Islands as in excess of one million. Sheep produce wool, milk and meat (either lamb or mutton). Also sheepskin, lanolin, tallow and other products. That's pretty much an industry, lamb chop.

    Jun 04th, 2015 - 12:34 pm - Link - Report abuse 0
  • paulcedron

    20 genetic disaster
    sheep milk and meat?
    yuck.

    rest of the imbeciles:
    the lady is fat, like all of you.
    do not blame me for that, you imbeciles.
    it is a question of statistics, 90 % of you are FAT.
    this girl in not the exception of the rule.

    Jun 04th, 2015 - 03:51 pm - Link - Report abuse 0
  • Monty69

    21 paulcedron

    So sheep farming isn't an industry? Are you going to break the bad news to the Australians or shall I?

    As for the rest of it, I'll let you know when my diet starts working. And you can let me know when you start growing a few brain cells. I might just be thin one day, but I think you're always going to be stupid.

    Jun 04th, 2015 - 04:11 pm - Link - Report abuse 0
  • Chicureo

    So Paulcedron, derides everything good and decent. Perhaps it's because he's mentally challenged and who's never seen the inside of a fitness center, besides working as a part time bed pan cleaner, who obviously never finished his secondary education as evidenced by his postings, still lives with his mother and has absolutely no societal value. His idea of a hot date is his favorite sock and a dog eared transvestite porn magazine.

    Jun 04th, 2015 - 06:13 pm - Link - Report abuse 0
  • CabezaDura2

    Paul Cedron is correct.
    Argentina is such a healthy and well fed country, hence doctors starve.

    Argentina is less obese than the UK, how much???Simply 3% less.

    https://www.cia.gov/library/publications/the-world-factbook/fields/2228.html#ar

    No stats for Falkland Is.

    Jun 04th, 2015 - 07:14 pm - Link - Report abuse 0
  • Ferdinando

    BA full of fat peple. Too many bad choripan and big mac place.Dock water has many big mac box floating as welm as toilet papers. Restaurants water front smell stink too. Fat Max typical Arg peasant. Bad eample. If Arg can be like islands US UK Canada lovely jubely as del boy ses

    Jun 04th, 2015 - 07:23 pm - Link - Report abuse 0

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