A Falkland Islands mini budget looks much less likely now, based on what Financial Secretary Tim Waggott told MLAs (lawmakers) at a meeting of the Standing Finance Committee.
Falkland Islands members of the elected Legislative Assembly have approved financial support for the Falkland Islands Museum and National Trust to bring forward the build program for the Lookout Gallery and Exhibition Hall.
Support for the Falklands' tourism sector in the face of Covid-19 was an issue closely examined in the Legislative Assembly this week. Questions were put to the House by Member of Legislative Assembly MLA Roger Spink and answered by Member of Legislative Assembly Mark Pollard.
Stability and continuity are at the heart of the Falkland Islands Government Budget for 2020/21. The Budget recognises these two themes are essential in the time of uncertainty stemming from the global COVID-19 pandemic.
The Falkland Islands Government this week unveiled plans for a “prudent” budget that maintains the current levels of expenditure but does not propose any increase in fees and charges. The budget aims to keep the current levels of service delivery but shies away from major investments or increases in operating costs.
The Executive Council has considered a paper on retirement for members of the Falkland Islands Pension Scheme (FIPS), and approved a move towards greater pension flexibility.
The elected government of the Falkland Islands announced that a new era has opened Islands with the inaugural Second Flight from São Paulo, Brazil, touching down this Wednesday afternoon at Mount Pleasant Airport.
The Falkland Islands Government announced on Tuesday its commitment to introduce a Public Register of Beneficial Ownership in the Islands by 2023, which aligns with the UK Government’s timetable.
The impact of Brexit on the Falkland Islands' fishing industry could be “significant” according to the fishing industry, contradicting lawmaker MLA Roger Spink’s view in last week's Penguin News that there were measures that could be undertaken to mitigate the impact of potential tariffs.
Last week Penguin News reported on the uncertainty surrounding Brexit causing a slump in meat sales from the Falkland Islands Meat Company and lower prices.