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Falklands makes charitable donation to Falklands Veterans Foundation
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Falkland Islands Government agrees new financial package in support of its heritage
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£1m capital grant for museum s Lookout Gallery and Exhibition Hall – Penguin News
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3 June 2021
WITH a strong economy and the contribution made in particular by the fishing industry, along with farming, construction and in normal years tourism, the finances of Falkland Islands Government remain stable, the Financial Secretary Tim Waggott assured Members of Legislative Assembly at this year’s Budget session on Tuesday.
Photo: £24.6m for health and wellbeing – the hospital Stanley Falklands
He cautioned: “We do, however remain mindful of the continuing global challenges of the moment.
“Stability and continuity are at the heart of the Falkland Islands Government Budget for 2021/22,” it was noted in a later press release. The two themes were essential in the time of continued uncertainty stemming from the global COVID-19 pandemic and the work on global recovery, it was emphasised.
Roger Spink MLA said: We have like the rest of the world, experienced a significant financial impact as a result of the pandemic, nevertheless we are still delivering a surplus in the current year.
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.
Health related expenditure accounts for the largest share of the proposed investment at £24.6m, followed by infrastructure and communications (£11.6m) and education and training (£10.1m).