The Chief Minister's Budget Address 2018
THE CHIEF MINISTER’S BUDGET ADDRESS 2018 Her Majesty’s Government of Gibraltar 6 Convent Place Gibraltar Mr Speaker, I have the honour to move that the Bill now be read a second time. Introduction 1. Mr Speaker, this is my fifteenth budget address as a Member of this Parliament. 2. It is my seventh budget address as Chief Minister. 3. And in delivering it, Mr Speaker, I am already facing my fourth leader of the Opposition! 4. Mr Speaker, as part of my address on this second reading of the Appropriation Bill, I have the honour to present the estimates of Government’s revenue and expenditure for the year ending 31st March 2019. 5. I also have the honour to present the out-turn for Government’s revenue and expenditure for the year ended 31st March 2018, which 2 was the sixth full financial year of a Socialist Liberal Government since we took office in December 2011. 6. Mr Speaker, this address comes twenty four months after the decision of the British people in referendum to leave the European Union. 7. In that respect, Mr Speaker, and given that it is now increasingly likely that the United Kingdom will leave the European Union on the 29th of March next year, this is, sadly, the last Budget Address that will ever be delivered in this House by a Chief Minister whilst we are members of the EU. 8. And in the context of that international political backdrop, Mr Speaker, as is now traditional, my budget address to this House is very much a ‘State of the Nation Address’ and I will also report to the House on the state of our Public Finances as well as on our nation’s economic outlook.
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