Mathias Cormann, from Australia has taken over as the new secretary-general of the Organization for Economic Cooperation and Development (OECD), starting a five-year stint that promises to be a challenging one. He replaces Angel Gurria from Mexico.
The Falkland Islands Government yesterday published its budget for the upcoming financial year, describing it as a prudent budget that focuses on stability and continuity. The budget forecasts operating expenditure of £78.3m and revenues of £92.2m, as well as a capital programme totalling £53.5m for the upcoming financial year.