Colms crucial mid-year review
ALL EYES will be on todays sitting of the House of Representatives, where Finance Minister Colm Imbert is due to present his mid-year review. Such reviews are by now routine. But the current circumstances, in which fast-paced global developments continue to have a profound impact on our economic prospects, have rendered these exercises crucial. Indeed, we now live in a world in which mid-year budget reviews have almost as much consequence as the presentation of the annual fiscal package itself. The context of todays sitting is unusually fraught. The population is in yet another lockdown and all but essential businesses have been closed. While there is optimism the borders will soon reopen, there are serious questions over the possibility that we will achieve the necessary rate of vaccination in order to safely resume full-scale economic activity, notwithstanding the optimism of Health Minister Terrence Deyalsingh. Last year, Mr Imbert told us revenue was projected at $41.6 billion, while expenditure could total about $49.6 billion.
Colms crucial mid-year review
ALL EYES will be on todays sitting of the House of Representatives, where Finance Minister Colm Imbert is due to present his mid-year review. Such reviews are by now routine. But the current circumstances, in which fast-paced global developments continue to have a profound impact on our economic prospects, have rendered these exercises crucial. Indeed, we now live in a world in which mid-year budget reviews have almost as much consequence as the presentation of the annual fiscal package itself. The context of todays sitting is unusually fraught. The population is in yet another lockdown and all but essential businesses have been closed. While there is optimism the borders will soon reopen, there are serious questions over the possibility that we will achieve the necessary rate of vaccination in order to safely resume full-scale economic activity, notwithstanding the optimism of Health Minister Terrence Deyalsingh. Last year, Mr Imbert told us revenue was projected at $41.6 billion, while expenditure could total about $49.6 billion.