Правительство островов Теркс и Кайкос достигло стратегической цели и вернулось к профициту бюджета

Fourth quarter returns $4.2m net cash surplus THE TURKS and Caicos Islands Government (TCIG) remained on course and has met its strategic objective of returning to a surplus for the Financial Year 2012/13.  Numbers released by the Ministry of Finance show an increase in recurrent revenues by two per cent to $48.8 million the last quarter, when compared to the fourth quarter result for 2011/12. Recurrent expenditures totalling $37.9 million, which included the 10 per cent reinstatement of civil servants salary, on the other hand decreased significantly in quarter four, by 25 per cent, when compared to same period of the previous year. This resulted in a recurrent surplus of $10.9 million for the quarter.  Non-recurrent revenues for the quarter totalled approximately $12.6 million while non-recurrent expenditures totalled approximately $13.6 million, including capital expenditure of $6.6 million.  Through capital expenditure, this quarter, TCIG was able to settle many of the disputes regarding the airport land acquisition totalling $1.4m, gain ownership of the North Caicos Deep Harbour Port for $1.6m, continue repairs to the Causeway $0.5m and spent a total of $0.2m towards the Reverse Osmosis (RO) Plant.  The overall cash operating surplus of $30.5 million for the fourth quarter, which was used to fund debt service repayments of $1.3 million, other debt payments of $0.5 million and a transfer to the sinking fund of $25.4 million.  Bond repurchase inflows for the quarter totalled $0.9 million.  The resulting net cash surplus for the fourth quarter is $4.2 million, representing a threefold increase when compared to that for the same period in financial year 2011/12. Looking at the entire year, a recurrent surplus of $32.5 million was recorded, as opposed to that of $0.6 million for 2011/12.  This was attributed to a five per cent ($8 million) increase in total recurrent revenues (to $179.0 million) and a decrease in total recurrent expenditure (to $146.6 million) by 14 per cent or $23.8 million when compared to same in 2011/12.  The full year results also saw an overall operating cash surplus of $52.9 million, used for debt service repayments totalling $11.8 million, other debt payments $2 million and transfers to the sinking fund totalling $41 million.