Finance minister Mark Brown confirmed yesterday that the budget was more or less finalised, and would be presented to parliament for debate later next week.
Brown said they would give the Members of Parliament sufficient time to debate the budget.
He said the total estimated amount of the budget would be announced after it was tabled.
“I anticipate the budget to be presented by the end of next week, giving opposition time in the weekend to go through it,” Brown said.
“But before that there will be a number of announcements that I will make identifying areas we are placing extra funding into, and that should give opposition sufficient time.”
Brown said during the debate sessions in parliament, he anticipates the opposition will tell government “what they would have done and where they would have spent money.”
“However, there are also a number of bills before the House that we need to pass as well, so it is going to be a busy session for MPs.”
He said he was satisfied with the budget appropriation from proposals that had been submitted.
A significant number of requests had come through government ministries and departments and from the island governments.
“We expect to see some new initiatives in this year’s budget.
“We have been going through the process in the last six months of assessing these proposals and requests, interviewing and meeting relevant agencies and island administrators.
“Cabinet has received the recommendations from our budget community and has gone through them and prioritised those requests into what we will see next week when the budget is tabled.”
Meanwhile, a “budget breakfast” is being organised once again for the private sector, the business community and anybody who is interested in the 2016-17 appropriation budget.
Brown said the breakfast was an opportunity for MFEM to present to the business community the context of the budget and the new initiatives that had been included.
He said the presentation would give an economic snapshot of how the ministry had been performing this year and their expectations from the upcoming financial year.
The breakfast presentation will be held on June 10 at 7.30am at the Islander Hotel and tickets can be purchased from the MFEM office.