Auditor General cites inconsistencies in gov't's fiscal policy paper
Debbie-Ann Wright, News Editor - Radio
Finance Minister Audley Shaw is insisting on the integrity of the government's Fiscal Policy Paper despite the Auditor General’s findings of "material inconsistencies".
The Fiscal Policy Paper was tabled along with the national Budget last month and was reviewed by the Auditor General's Department (AGD) to ensure that it is in keeping with the new rules of the budgetary process.
As the Standing Finance Committee began reviewing the 2016/17 Estimates of Expenditure this morning, Shaw sought to explain that the inconsistencies pointed out by the AGD relate mainly to differences in the numbers in some tables and what was written in the document.
Shaw said, however, that the inconsistencies did not affect the integrity of the information and an updated fiscal policy paper has been tabled.
However, Opposition spokesman on finance, Dr Peter Phillips, was not satisfied and requested that the AGD’s report be tabled in the Parliament.
Shaw has promised that the report will be tabled by the end of the day.
The members of the Standing Finance Committee are expected to conclude their review of the Budget tomorrow.
The Budget, tabled on April 14, shows the Government intends to spend almost $580 billion this fiscal year.