Financing plans in disarray.
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Financing plans in disarray.
by GD on Thu 25 Jun 2009, 12:56 pm
Guernsey's public spending financing plans are in disarray.
The Treasury wanted money currently held in the Ports Holding Account to go into general revenue to help pay interest on public borrowing.
But Bernard Flouquet, the minister with his hand on the port cash, successfully fought off that proposal.
Now Deputy Parkinson will try another tack to prise money out of the fund. He'll propose a three million pounds a year dividend is paid to the Treasury from the account.
Parkinson will get he way....
The Treasury wanted money currently held in the Ports Holding Account to go into general revenue to help pay interest on public borrowing.
But Bernard Flouquet, the minister with his hand on the port cash, successfully fought off that proposal.
Now Deputy Parkinson will try another tack to prise money out of the fund. He'll propose a three million pounds a year dividend is paid to the Treasury from the account.
Parkinson will get he way....
......THE BOSS......
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Re: Financing plans in disarray.
by kingcolemk on Thu 25 Jun 2009, 1:04 pm
Where does the money in the Port Holding account originate from ?
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Re: Financing plans in disarray.
by Spirit on Thu 25 Jun 2009, 1:08 pm
Landing fees, mooring fees etc
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Re: Financing plans in disarray.
by kingcolemk on Thu 25 Jun 2009, 1:31 pm
OK thanks. So is this surplus to the Port operating cost ? If so what would it be used for.
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