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Phillips says gov't will not exceed Tivoli Enquiry $410.4m budget

Published:Tuesday | May 12, 2015 | 5:48 PM
Phillips ... could not predict how long the enquiry will take to be completed.

Finance Minister, Dr. Peter Phillips is insisting that the Government does not intend to spend more than the $410.4 million budgeted for the West Kingston Commission of Enquiry.

Responding to questions in the House of Representatives this afternoon, Phillips said $28.5 million has already been disbursed.

But West Kingston MP, Desmond McKenzie expressed concern that the budget could be affected by a moving timeline for the completion of the sittings:

 

West Kingston MP, Desmond Mckenzie

Phillips said while he could not predict how long the enquiry will take, the expectation is that costs will not go beyond the budgeted figure.

In the meantime, Opposition spokesman on finance, Audley Shaw made another failed attempt to get the government to allocate money for the preparation of a report on the enquiry into the meltdown of the financial sector in the 1990s.

Shaw noted that the meltdown and subsequent actions of the Financial Sector Adjustment Company (FINSAC) had far-reaching effects on the economy and Jamaicans.

But Phillips was adamant a report has already been paid for and the Government will spend no more on the FINSAC enquiry except for administrative costs:

 

Finance Minister, Dr. Peter Phillips