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Early budgets to become the new tradition –Finance Minister
Finance Minister, Winston Jordan, is determined to change the manner in which national budgets are
Finance Minister, Winston Jordan
presented. He revealed at a press conference, he recently hosted, that early budgets will become the new tradition.
Jordan recalled that the 2016 budget was presented fairly early, something that was not done in recent memory.
The Finance Minister said, “And I can tell you that it is already having benefits on the citizens, on the stakeholders and the economy. Under my watch I promise you that this will be a tradition as opposed to a one-off event.”
The Member of Parliament said that no budget can be said to be proper if it does not start before the new fiscal year.
“And I think that this has been a grave error of ours over the last three decades with all these late budgets. I know people will run and say that the Constitution gives us up to March but I rather suspect that we have overused that,” expressed the Finance Minister.
Jordan asserted that he does not believe that such an approach to national budget is used in other parts of the world.
He said, “I don’t think there is anywhere in the world where you can expect something like that or see the budget being presented as late as three months into the new fiscal year.”
The politician said that the new regime is hoping that it can bring some sanity back to the budget process and when it is presented.
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