Finance Minister Dr. Nigel Clarke says the funding promised by the government to assist the most vulnerable during the planned weekend lockdowns will be paid over the Constituency Development Fund, CDF, today.
The Finance Minister provided the update in a release to the media last evening.
The update follows calls from Opposition Spokesman on Finance, Julian Robinson who says the funds did not become available despite the Minister’s April 1 disbursement timeline.
Mr. Robinson said since the announcement, constituents have been inundating the party with requests in this regard.
Dr. Clarke says on March 23, he had announced additional support of $126 million for the vulnerable through the Constituency Development Fund, CDF.
This would make available $2 million for each Constituency.
He says for technical and logistics reasons, this disbursement would occur in the new financial year that began on Holy Thursday, April 1.
The Finance Minister says for accountability and transparency these kinds of allocations are disbursed through the CDF and relevant implementing agencies rather than directly to Members of Parliament.
He says there’s therefore a natural gap between when instructions are given for the transfer of funds from the Consolidated Fund to the CDF, and when these funds can be made available for implementation by MPs.
Dr. Clarke says he expects that today, the first full working day in the new financial year, the head of the CDF will confirm receipt of the $126 million from the Consolidated Fund.