Public Works Department provides reassurances over Fox Bay airstrip project funding
Funding options for the Fox Bay all-weather airstrip project were discussed during the latest Executive Council meeting. The preferred option submitted to the Council by
Falkland Islands Government sets out plans for upcoming loan and interest repayments
Falkland Islands Government will make the first £4.5m interest repayment on loans taken out for capital projects on 23rd October. Ahead of that date, the
Standing Finance Committee approves £5,000 donation to support humanitarian efforts in Gaza
The Standing Finance Committee has approved a £5,000 donation to support humanitarian efforts in Gaza, matching the £5,000 already raised by local group Penguins for
Legislative Assembly votes against added payment for Chair and Executive Council representatives
Members of the Legislative Assembly have voted no on a clause that would have seen additional payment be granted to members of the Executive Council
Falkland Islands Government launches new bank notes
As part of the Falklands Day celebrations, Falkland Islands Government launched new £5, £10 and £20 banknotes. The design references the first recorded sighting of
Falkland Islands Government publishes 2014-2024 National Accounts
Falkland Islands Government’s Policy Department has published the National Accounts for 2014 to 2024. Falklands Gross Domestic Product in 2024 rose by 3.6% to £175
Falkland Islands Government secured investment for capital projects
The Falkland Islands Government have raised £150 million pounds to facilitate investment in the capital programme over the coming years. The funds were raised through
Falklands Budget Select Committee discuss 70% service charge increase
A 70% proposed increase to the service charge was discussed at the latest meeting of the budget select committee. The proposed rate for service charges
HSBC awarded FIG £400 million investment portfolio
HSBC Private Banking UK has been awarded management of FIG’s £400 million investment fund portfolio, after a competitive tender process. The transfer has now been
Corporation Tax revenue £14 million below prediction
The Standing Finance Committee heard this week that Corporation Tax revenue for this financial year is predicted to be £14 million below projections. With borrowing