02 Jun '12, 2am

A Further Open Letter to the Minister for Finance

Why is the Budget not set out according to the IMF framework? As Chairman of the International Monetary and Financial Committee of the IMF, how do you square away the responsibilities and obligations of that position with the failure to follow IMF protocol for your own budget presentation? Surely you need to set an example of transparency above and beyond the minimum standards set by the IMF? Why does the Budget not include the figures for the General Government Finance surplus, which is obtainable only from the Yearbook of Statistics, which is also a year out of date? How is this prepared? Does it include all investment income and capital gains or losses on financial assets? Would you not agree that by only presenting the Operational Budget Balance including top-ups to Endowments and Trust Funds and only up to 50% of the Net Investment Returns you are obfuscating the comp...

Full article: http://thereformparty.net/about/press-releases/a-further-...

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An Open Letter to the Minister for Finance

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