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Montevideo, November 20th 2017 - 01:56 UTC

Falklands with a medium term financial surplus of £4.325 million

Saturday, January 30th 2016 - 12:04 UTC
Full article 5 comments
 FIG's Long Term Financial Plan surplus (inclusive of oil receipts and expenditure) as at the end of Dec. was £9.874 million against a budget surplus of £2.571 million. FIG's Long Term Financial Plan surplus (inclusive of oil receipts and expenditure) as at the end of Dec. was £9.874 million against a budget surplus of £2.571 million.

For the first six months of the 2015/16 financial year, the Falkland Islands Government is showing a Medium Term Financial Plan surplus of £4.355 million compared to a revised budget surplus of £30,000; a favorable performance of £4.325 million.(*)

 A brief report from the latest edition of the Islands' weekly Penguin News, states that FIG's Long Term Financial Plan surplus (inclusive of oil receipts and expenditure) as at the end of December was £9.874 million against a budget surplus of £2.571 million.

Net Liquid Assets, funds that are readily available for use, during the first six months of the financial year, have increased by £1.432 million to £176.894 million.

Movements in fixed assets and stock are only undertaken at year end therefore this is an estimated figure. This figure is inclusive of receipts related to the oil industry.

(*) These figures exclude unrealized gains and losses on investments and all revenues and expenditure related to the oil industry. Unrealized investment losses for the first half of the year were £8.442 million; almost double the YTD surplus reported.

Categories: Economy, Falkland Islands.

Top Comments

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  • Conqueror

    Just look. Argieland deficit. Brazil deficit. Falklands surplus.

    Jan 30th, 2016 - 02:42 pm 0
  • Pete Bog

    @1

    Answer-South American countries to hire FIG as consultants to show them how to run an economy properly.

    And there's only 3000 Islanders.

    How good will the Falkland Islands economy be when there's 6000?

    The latest hearts and minds campaign from the Pink House

    “Kelpers, if you agree to be Argentine just think of the immediate benefits.
    We will protect your country with the latest Argentine fighter, machine gun equipped Tucanos, and when all our grounded Skyhawks have been repaired, we'll send some over. Amigos, what do you say?”

    “We are guarded by Typhoons, go take a hike Senor.”

    Jan 30th, 2016 - 03:47 pm 0
  • Briton

    And again Argentina and the rest will look on in envy.

    Jan 30th, 2016 - 08:45 pm 0
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