The Falkland Islands Government has set out its medium term plan for the Islands with an ambitious Budget designed to ensure that we have solid foundations for future economic, social and political development.
The Falkland Islands' total catch of the loligo squid, or Falklands' calamari, in the first season of 2018 was 43,085 tons, which compares very favorably to first-season catches over the last five years.
Members of the Falkland Islands Legislative Assembly recently reviewed the portfolio system, having now been in post for six months. The resulting changes are designed to provide greater clarity in the detail of each portfolio, as well as to ensure equity for each portfolio holder.
The Falkland Islands forecast operating budget surplus for the current financial year sits at £33m, Standing Finance Committee (SFC) was told on Wednesday. The surplus, up from the previous forecast of £27m, has been boosted by fishing company corporation tax payments, which have been “significantly higher than budget.”
Falkland Islands' Member of Legislative Assembly Roger Spink has expressed concern about the shortfall in achieving the objectives of the capital program for 17/18.
A lively exchange took place during the Falkland Islands March 12 public meeting in which the proposed second commercial flight to a third country with a stop in Argentina was considered. The public was particularly interested in knowing if any “red lines” had been established and wanted confirmation that one of the stop options was not to be Buenos Aires.
The Falkland Islands Government, FIG, has issued a public consultation document covering the taxation regime for oil companies operating in the Falkland Islands and their associated supply chain partners. This consultation will be open until Friday 6 April 2018 for responses from interested parties, which will be summarized and fed into final policy and legislative design later during 2018.
Two significant items of business were conducted during the first meeting of the newly elected Legislative Assembly of the Falkland Islands. The first was the election by members of the Speaker of the House and his or her Deputy.
Residents of the Falkland Islands went to the polls yesterday, with results released earlier this morning. Seventeen candidates stood for election to the Legislative Assembly and have campaigned over the past month to be elected to office.
Residents of the Falkland Islands are due to go to the polls to elect their new Legislative Assembly on Thursday 9th November 2017. Seventeen candidates are standing for the eight available spots on the Assembly. The Assembly is responsible for the internal government of the Islands and sets the national agenda. It also liaises with the United Kingdom Government on issues of defence and is increasingly actively involved in foreign affairs efforts on behalf of the Islands.