Community comes first is the clear message of the Falkland Islands Government Budget for 2019/20 by prioritising investments in education, health and inflationary increases across welfare allowances. The spending commitments also aim to consolidate progress with capital plans and ensuring that these developments can continue to be funded without running a deficit.
The challenging complexity and uncertain consequences of Brexit, progress in understandings with Argentina, including the second weekly air link to Sao Paulo, a sound economy with financial stability and the strong commitment of the Falkland Islands population with representative democracy, were outlined by Governor Nigel James Phillips, CBE in his annual address to the elected Legislative Assembly of the Falkland Islands.
Contrary to what happens in the region, and for that matter in most of the world, inflation in the Falkland Islands is on target and the budget performance remains under spent with strong Capital projects carryover from previous budgets.