2012 National Budget to be presented on March 30

The 2012 National Budget will be presented to the National Assembly on Friday March 30, according Prime Minister Samuel Hinds

During a sitting of parliament on Wednesday, Mr Hinds moved a motion for the house to meet on March 30, when the estimates will be presented by Finance Minister Dr Ashni Singh.
Earlier, the Government’s spokesman Dr Roger Luncheon told a news conference that cabinet was assured by the finance minister that all plans were in place for the month-end presentation of the annual financial estimates.

“Cabinet was advised about the readiness the, [and] preparedness of the finance minister and his technical teams, who have been finalizing preparations that begun administratively since August of 2011, with the issuance of the budget circular,” Luncheon said.
According to Luncheon, budget is constitutionally due within 90 days of the commencement of the fiscal year.

The National Budget which was usually presented by the end of February every year, was delayed after the Opposition political parties of A Partnership for national Unity (APNU) and Alliance For Change (AFC) who holds a one-seat majority in parliament, called for consultation on the estimates to ensure that their contributions to the estimates are considered.