Government is currently undertaking an internal review of its 2010 Budget.
According to the Ministry of Information the internal review is a normal process adopted for prudent and transparent financial management of national finances adding such reviews become imperative, in particular, when unforeseen events occur.
The statement said in this instance, the 2010 Budget did not envisage the devastation left by cyclones Tomas and Mick. These natural disasters required the rehabilitation and construction of infrastructure, additional agriculture assistance, and the provision of additional allocations to the health and education sectors.
It is estimated that the additional funds required for such purposes will be at least $30million.
Furthermore, the biosecurity breach which necessitated the Termite Eradication Programme is estimated to cost at least $5million.
The review of the 2010 Budget will also enable Government to assess the rate of implementation of its capital works programme.
Following the review, Government will consider any necessary measures to be put in place to ensure improved utilisation and prudent management of national finances and resources.
Internal review of 2010 budget
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