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Feb 15, 2019

FinSec Says Upcoming Budget Holds “No Surprises”

Joseph Waight

Financial Secretary Joseph Waight says that he doesn’t expect the upcoming national budget to hold any surprises. Simply put – it may very well look like 2018’s budget. Waight says that all parties are working hard to make sure that the budget is completed on time. The 2018 budget drew harsh criticism from some quarters expressing concern over the expanding debt to G.D.P. ratio. There were also concerns about tax measures that G.O.B. had implemented; as well as criticism that the wage bill for public servants was too high. So for now, the FinSec says there aren’t any big surprises and it is going to be fairly routine.

Joseph Waight, Financial Secretary

“Yes, it is coming up and we are working hard on it. There is nothing – no surprises I believe in the budget. We are trying to close it; that is balance the expenditure against the revenue. There is no big – at least up to now, there is no big surprises in the budget. It is going to be fairly routine. We have other things that preoccupy our minds at the moment.”

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