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National Budget to come under heavy scrutiny next week when the debates begin – 28th Mar 2013

finance minister ashni singhThe National Assembly will begin debating next week, the estimates, that Central Government proposes to spend from the revenues of tax payers and other sources.

The Government proposes to spend 208.8 Billion dollars, that will result in a deficit of over 600 million. Just last year, the opposition which holds a majority in the National Assembly, decided that the budget needed to be trimmed, since monies were not being properly allocated. Last year’s deficit was just 6.6 billion dollars.

This year, the Cabinet Secretary, Dr. Roger Luncheon, is hoping that there would be a constructive engagement during the budget debates.

The opposition has expressed disappointment already with this year’s National Budget, saying that it fails to meet the needs of the ordinary man. But the Minister of Finance, Dr. Ashni Singh said, that the budget should be seen holistically.

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