The Falklands Financial Secretary Derek Howatt was able to announce to the Legislature on Friday afternoon that despite earlier fears of a deficit, he was after-all able to announce a ?balanced budget' for the financial year 2001/02.
In spite of Republicans having lost the majority in the Senate, the George W. Bush administration is confident it will have sufficient political support to negotiate the Americas Free Trade Association, AFTA, although Democrats are expected to include labor rights and environment protection clauses.