Finance Minister's response to Sunday Express Editorial of February 17, 2019 on Carnival funding

The Hon. Colm Imbert, Minister of Finance, notes that the Sunday Express Opinion of February 17th, 2019 has accused the Ministry of Finance of “arbitrarily” determining funding for Carnival whilst having no transparent processes for application and receipt of Carnival funding by entities.

As part of its commitment to public education and dispelling fake news from a misinformed media, the Ministry wishes to highlight that all requests for funding to the Ministry must be document-supported and submitted by clear deadlines.

Further, in 2019, the NCC through its line Ministry has made only two requests so far to the Ministry of Finance for funding of the 2019 Carnival and both requests have been honoured in a timely manner.

The following table indicates monies requested, dates requested, the amounts released and the dates when this was done.

NCC

Funding

Requests 2019

 

Date

Requested

 

Amount Requested

$

Date

Released

Amount Released

$

Amount Outstanding

$

 

 

 

 

 

 

 

 

1

January 10, 2019

25,000,000

January 24, 2019

25,000,000

 

 

 

 

 

 

 

 

 

2

February 11, 2019

73,842,396

February 12, 2019

25,489,790

 

 

 

 

 

February 18, 2019

38,391,972

 

 

 

TOTAL:

98,842,396

 

($98.8M)

 

88,881,762

 

($88.9M)

* 9,960,634

To be released upon receipt of additional supporting documents

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The Minister of Finance wishes to point out that not only has the Ministry provided funding to the tune of $88.9 million so far for the 2019 Carnival, it has done so with a tried and tested process that is both timely and efficient, thereby treating both the NCC and the Carnival it is responsible for managing in a respectful manner.

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