Central Government and Public Bodies to Invest $100.9 Billion on Projects

first_img A sum of $100.9 billion is earmarked to implement 194 investment projects by Central Government and Public Bodies during the 2019/20 fiscal year, under the Public Sector Investment Programme (PSIP).This is according to the 2019/20 Fiscal Policy Paper, which was tabled in the House of Representatives by Finance and the Public Service Minister, Dr. the Hon. Nigel Clarke.Just over $72 billion is programmed to commence or continue 100 projects by Central Government over the upcoming year, with $28.8 billion set aside to finance the remaining 94 by Public Bodies.The Central Government budget contains a $487.8-million contingency provision for new projects that were not finalised for inclusion in the 2019/20 Estimates of Expenditure but are expected to be approved by Cabinet during the new year.A disaggregation of the allocation’s funding sources shows that just over $43 billion or 59.7 per cent of this provision will be financed from the Consolidated Fund; 29.6 per cent through external loans; and 10.5 per cent from external grants.Approximately $17.7 billion or 61.4 per cent of the Public Bodies investment budget will be provided from the entities’ internal revenues, with the remaining $11.2 billion or 38.5 per cent from loans.The National Housing Trust’s (NHT) provision of $39.4 billion is the largest allocation.The projected PSIP sums over the next four fiscal years, according to the Fiscal Policy Paper, are 2020/21 – $112.7 billion, 2021/22 – $125 billion, 2022/23 – $124.6 billion, and 2023/24 – $101 billion.The PSIP is financed through a combination of government funds, loans and grants from International Development Partners, as well as funds from Self-Financing Public Bodies. A sum of $100.9 billion is earmarked to implement 194 investment projects by Central Government and Public Bodies during the 2019/20 fiscal year, under the Public Sector Investment Programme (PSIP). This is according to the 2019/20 Fiscal Policy Paper, which was tabled in the House of Representatives by Finance and the Public Service Minister, Dr. the Hon. Nigel Clarke. Story Highlights Just over $72 billion is programmed to commence or continue 100 projects by Central Government over the upcoming year, with $28.8 billion set aside to finance the remaining 94 by Public Bodies. last_img read more

Diabetes Walk needs to attract right people Testing today

first_imgFacebook Twitter Google+LinkedInPinterestWhatsApp Facebook Twitter Google+LinkedInPinterestWhatsAppProvidenciales, TCI, November 14, 2016 – Diabetes is greatly impacting the quality of life for islanders and too many do not even know it, too many are not actively working to be aware or to be healthier.Once the scores of runners and walkers were back to the start point of the Wrightfully Fit Charity Walk & Run yesterday evening, we got to speak to some of the experts on site.  John Wright, fitness man and founder of the eight year old event which supports the Diabetes Association said the fundraiser is not a money making venture for him, it is a fitness awareness function for islanders to live healthier, happier lives – he said not enough of those people are coming out.“There’s a full moon, the stars are out, people are out supporting this, the only people who aren’t here, are the people who should be here, people who have diabetes,people who have type 2 diabetes, childhood obesity, people who have kids who are overweight, they’re not here.  There’s a big expat community here, there’s a big tourist community here participating, the people who should be here, are not here.” – John WrightPresident of the TCI Diabetes Association, Elaine Clare shared a similar perspective and said that is why her team will be at all Grace Bay Pharmacies, Flamingo Pharmacy, Family Care Pharmacy and at the Cheshire Hall Medical Center giving free glucose testing, handing out monitors and providing pamphlets, because people are unaware.   “Very very prevalent, and it is heartbreaking, to know the numbers that we have here.  And a lot of people are walking around with high blood sugars, and they don’t know that they have high blood sugars and that they are diabetics.”Dr. Sam Slattery said it boils down to diet and exercise and the biggest enemy of our islands, of our world – SUGAR.  “Sugar snuck into our diet all over the world and it’s not unique to the Turks and Caicos.  Here’s what I tell all my patients, firstly don’t give your children sugar.  You want to look at all the processed foods that you’re eating because it’s almost guaranteed to have high fructose corn syrup in it, and I’ll be happy to say it’s a poisonous substance, definitely leads to diabetes.”Today is World Diabetes Day, free testing at the sites starts at 10am; you should go so that you know. Related Items:last_img read more

Navy on Cusp of Reaching Renewable Energy Goals Mabus Says

first_imgThe Navy is on course to consume 50 percent of its shore facilities’ electricity needs from renewable sources by the end of the year, Secretary Ray Mabus said last week.“We’re going to be there on our shore bases by this year,” purchasing a gigawatt of renewable energy, which will be half of shore energy power used, Mabus said during a National Press Club luncheon, reported Seapower Magazine.Generating one-half of its installations’ power needs from renewable sources would put the Navy well ahead of the Pentagon’s objectives for installations to shift toward alternative energy. The department has set a goal for the services to produce or procure 25 percent of their electricity for facilities from renewable sources by 2025.If the Navy successfully reaches its goal of obtaining one gigawatt of alternative energy before next year, it would become the first service to reach that threshold. Last year, the Navy moved up its goal for generating 1 gigawatt of renewable energy to 2016; at the time, it established an interim goal of generating 500 megawatts of renewable energy by 2015.Three years ago the three services announced they each would strive to produce 1 gigawatt of renewable energy at their installations. The Air Force has said it plans to meet its goal by 2020. Last year the Army said it was on pace to meet its goal of deploying 1 gigawatt of renewable energy by 2025, with a possibility that it would beat its target.  Mabus also said the Navy next year will deploy a carrier strike group powered by 50-50 blends of biofuels. With the exception of the group’s aircraft carrier, which will be nuclear powered, “every type of aircraft and every other type of ship will be [using] 50-50 blends of bio-fuels. … We’ve certified every single ship and every single aircraft” as compatible with the mixed fuels, he said.The Navy is relying on “drop-in” alternative fuels for the “Great Green fleet,” meaning the ships and aircraft do not have to be altered to use them. Also, the biofuel would not use edible crops and its price would be competitive with conventional fossil fuels, Mabus said. Dan Cohen AUTHORlast_img read more