Government borrowing is £50 million higher than Budgeted
Using only financial information that is now in the public domain namely the Covid-19 Response Fund to 31 March 2022 and the details revealed by the Chief Minster the GSD arrives at a very different analysis of financial performance for 2021/22 Roy Clinton the GSD Shadow Minster for Public Finance stated the following:
“First of all let us consider the Chief Minister’s statement that the Budget deficit for 2021/22 is £55 million versus last year’s estimate of £51 million. This begs the question as to whether Sir Joe Bossano’s warning of a potential additional £40 million overspend was wrong?"
“First of all let us consider the Chief Minister’s statement that the Budget deficit for 2021/22 is £55 million versus last year’s estimate of £51 million. This begs the question as to whether Sir Joe Bossano’s warning of a potential additional £40 million overspend was wrong?"
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05-05-22 PANORAMAdailyGIBRALTAR
