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Montevideo, November 13th 2018 - 23:02 UTC

Tag: Falkland Islands Financial Year

  • Wednesday, September 5th 2018 - 07:55 UTC

    Falklands 2017/18 budget had an operating surplus of £38 million

    MLA Roger Spink says a great deal of effort has been taken to more accurately forecast the Falklands' income in the 2018/19 year

    The Falkland Islands Government operating surplus of £38 million for 2017/18 was driven primarily by favourable Corporation Tax receipts. The original budgeted deficit in my view led the former Legislative Assembly to be over cautious in their demands leading to unnecessary thrift in some areas, according to MLA Roger Spink, who is head of the Government Services Portfolio of the Assembly.