MercoPress. South Atlantic News Agency

Falklands’ public meeting Monday 8th June on the 2026/27 annual budget, with Secretary Clunie attending

The budget has been described by Government as a prudent and strategic package designed to support the community while maintaining financial stability

The Falkland Islands Government will be holding a public meeting on Monday 8th June 2026 from 5-6pm in the Court & Assembly Chamber where the Financial Secretary, Pat Clunie will present the 2026-27 annual budget.

The budget, approved by the Legislative Assembly on Wednesday, June 3, has been described by Government as a prudent and strategic package designed to support the community while maintaining financial stability against a backdrop of reduced corporation tax receipts and long-term loan repayments.

The total appropriation for 2026/27 is £216.3 million, comprising £106.4 million in departmental operating expenditure, £11.8 million in Islands Plan investments, £98.2 million transferred to the Capital Equalization Fund. The anticipated FIG operating surplus for 2026/27 is £0.2 million.

Among the key measures announced is a £500 cost-of-living payment for all full-time FIG employees from July 1, alongside grade step increases for eligible staff, a 5.3% increase in the minimum wage to £10.17 per hour from January 2027, and inflation-linked increases to retirement pensions and a range of social benefits.

Personal tax rates remain unchanged, while most Government fees and charges will rise by 2.7%, in line with inflation. Exceptions include increases of up to 100% for some overseas postage rates and visa, permit and status applications, a 30% increase in road tax, and higher duties on alcohol, tobacco and vaping products.