ANGUILLA: FINANCIAL POSITION
SUPPLEMENTARY ALLOCATION OF GRANT-IN-AID
ESSENTIAL FACTS
1.
Anguilla has requested supplementary grant-in-aid to cover
her (expected) increased budgetary deficit for the financial
and calendar year 1980. This was due to an alleged loss of
separation revenue. However Anguilla does not qualify under
budgetary aid regulations.
2. The sum of grant-in-aid requested originally was up to
EC$900,000 (about £150,000) but HM Commissioner has since
suggested with Dev Div's support that only half that sum may
be required.
3.
On 6 January HM Commissioner reported that there may, after
all, be no increased deficit on the 1980 budget, but pleaded
for the supplement to be approved in any case as a mark of
political goodwill.
4.
The normal position is that an increased deficit in one year's account must be carried forward for funding in the next year but one. The level of budgetary aid must be determined on the basis of actual need and in strict budgetary context. We have said that we cannot agree to a political subvention. More details of the basis of Anguilla!
of the basis of Anguilla's expenditure and estimates have been requested.
West Indian & Atl
ilantia Daunz