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first_imgThe presentation of an early budget is not as glorious as the A Partnership for National Unity/Alliance For Change (APNU/AFC) claims; it in fact leaves room for greater abuse of Government spending.Opposition Leader Bharrat JagdeoIn continuing to mount opposition against the presentation of an early budget, Opposition Leader Bharrat Jagdeo argued that the early budget puts the People’s Progressive Party/Civic (PPP/C) parliamentarians at a major disadvantage when debating the financial expenditures of the government in the National Assembly.“There is nothing unique about this early budget. It just puts us in a difficult position because we are not going to have actual figures; puts us at a severe disadvantage to scrutinise the budget the way it should be,” he told a recent news conference.Budget 2017 will be laid in the National Assembly by Finance Minister Winston Jordan on November 28.Former Junior Finance Minister Juan EdghillTherefore, the administration would have to prepare estimates of what will be spent in the days after the presentation of the budget until the end of the fiscal year, December 31.“So they will have actual expenditures up to just before they go to print and an estimate of what is to be spent between 20 November, or whenever they decide, to December 31. This now leaves room for greater abuse and I think this is one of the reasons why they are bringing an early budget,” Jagdeo explained.The Opposition Leader asserted that there will be a month of “basically the Government being able to do what it wants because it would have come to Parliament with a figure but that figure would have had projections.”He outlined that: “I could be arguing about a shortfall in revenue and then in December you have a surge in revenue or I could be praising the Government for meeting all of the fiscal criteria, meeting the target on fiscal deficit, then in December you have a huge expenditure or a revenue position that falls short of what was projected for December and you have a bigger deficit. So I will never be able to debate that in the Parliament.”Former Junior Finance Minister Juan Edghill had expressed his belief that government’s early budget presentation was a means of evading public scrutiny: “We are very concerned if this is another three-card trick that is being played out in the public where we are going to be duped. Is this another form of corruption to hide underperformance and create opportunities for greater levels of corruption….?”Edghill maintained that there was no haste for an early budget presentation, noting that historically, the country’s budget was presented in the first quarter of the fiscal year. He noted too that there were already mechanisms in place for the interim spending of the Government, which is 1/12 of the previous budget, until the new budget is presented and passed.last_img read more

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first_img 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! Just when it looked as though the playoff picture might remain muddled for days, everything was settled on the final afternoon of the regular season. The Boston Red Sox and Houston Astros wrapped up the wild cards Sunday, clinching the final two major league playoff spots. All the matchups were set for the 2005 postseason, starting Tuesday with the National League West champion San Diego Padres playing in St. Louis at 10:09 p.m. PDT. Houston will open Wednesday in Atlanta against the NL East champion Braves, coming off their 14th consecutive division title. It’s a rematch of their first-round series last year, won by Roger Clemens and the Astros in five games. “I’m very thankful. It was some rocky roads, roller-coaster rides throughout the season,” pitcher Andy Pettitte said after a 6-4 victory over the Cubs allowed Houston to finish one game ahead of Philadelphia. The Phillies did all they could to force a tiebreaker playoff, beating Washington 9-3 for a weekend sweep, but still fell short. Curt Schilling, Manny Ramirez and the Red Sox earned the American League wild-card berth for the third consecutive season, the same spot that started them toward their first World Series championship in 86 years. In fact, a wild-card team has won the past three titles. The defending champs clinched when Cleveland, the only other team that had a shot at the wild card, lost 3-1 at home to the White Sox, who swept the three-game series. The defeat concluded a crushing final week for the young Indians (93-69), who dropped six of their last seven games. “We ended like we started,” closer Bob Wickman said in a somber Cleveland clubhouse. “We came up one game short. But the guys should be very proud of what they’ve accomplished.” Boston’s first-round series against the AL Central champion White Sox starts Tuesday at 1:09 p.m. in Chicago. The White Sox finished with the best record in the league at 99-63 and will be trying to win their first postseason series since the 1917 World Series. last_img read more

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