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FRIDAY,

DECEMBER 19, 2014

Dr. Ralph Gonsalves, Prime Minister and Minister of Finance, has projected another deficit year of operations for this country’s government.

VOLUME 108, No.50

by DAYLE DA SILVA ST. VINCENT AND THE GRENADINES will record another deficit year in government financial operations in 2015. The Estimates of Revenue and Expenditure for the 2015 fiscal year was presented to the members of the House yesterday, and indicated that government is expected to spend some EC$971,367,582. This figure is computed as follows: Current Expenditure of EC$560,798,044; debt amortization and sinking funds amounting to EC$144,219,008; and Capital Expenditure of EC$296,350,530. According to the Prime Minister and Minister of Finance, Dr. Ralph Gonsalves, who presented the Estimates, the 2015 budget is being financed through an estimated EC$532,343,200 from Current Revenue and Capital Receipts totalling $439,024,382. The Recurrent Estimates for 2015, inclusive of amortization and sinking funds, according to Dr.

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EC$1.50

Gonsalves, is $657.017 million, and the Current Account deficit is estimated at $28.5 million. “This is a decline of $10.7 million, or 27.4 percent over the figure for 2014,” he said. The budgeted Current Revenue for 2015 is $532.3 million, or a 2.3 percent increase over the 2014 figure. Gonsalves said it was anticipated that revenue from taxes will contribute a total of $485.6 million; non-tax revenue is expected to contribute $46.8 million; taxes from international trade will yield a total of $207.8 million; and in flows from taxes and income on profits will contribute $123.7 million.

Arnhim Eustace, Leader of the Opposition, questioned some of the figures projected on the revenue side.

Continued on Page 3.

CHRISTMAS GIFT FOR SIR JAMES

SIR JAMES MITCHELL, Prime Minister of St. Vincent and the Grenadines from 1984 to 2000, has received an early 2014 Christmas present. On Thursday 18th December 2014, the Privy Council ruled in his favour, in a matter of an appeal against a ruling by the Eastern Caribbean Court of Appeal (St Vincent and the Grenadines), pursuant to findings of a Commission of Inquiry into the failure of the Ottley Hall Development Project, which began in the 1990s under the then Sir James Mitchell-led New Democratic Party (NDP) administration. The matter before the Privy Council was listed as ‘Mitchell

(Appellant) v Georges (Respondent) St. Vincent and the Grenadines, Case ID: JCPC 2013/0067, Georges being the retired judge, Ephraim Georges, who was appointed the lone Commissioner by Governor General, on the advice of the 1Dr. Ralph Gonsalves-led, Unity Labour Party (ULP) government, in 2003. The issues in Sir James’ appeal centred upon whether the respondent showed apparent bias in his conduct of the Commission of Inquiry and, inter alia, whether the Report (Interim) prepared by Commissioner Georges ‘was procedurally unfair, because it was produced outside the

respondent’s terms of reference (Clause 13), or otherwise in breach of the rules of natural justice’. In its ruling, the Justices hearing the appeal, wrote, in conclusion, that “The extracts from the Interim Report ….. strongly support the conclusion that, having regard to the context and all the surrounding circumstances, the fair-minded observer would conclude that there is a real possibility that the respondent had made up his mind by the date of the Interim Report that the appellant was at the heart of the wrongdoing which led to the Project and its collapse and would not be willing to

change his mind, so that his final report would not be impartial.” That said, the Justices also concluded and advised that “the appeal should be allowed,” and that the “parties should make written submissions on the appropriate form of order and on costs within 21 days of this judgment being handed down.” More exacting, the ruling stated, “..in addition to an order that the appeal be allowed, the only other order which it would be appropriate to make (apart from costs) is a direction that the respondent should take no further part in the Commission.”

Sir James Mitchell has had the last laugh as far as the Ottley Hall Commission of Inquiry is concerned.

Continued on Page 3.


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