By John Smith • 25 September 2020 • 14:52
FOLLOWING in the footsteps of the United Kingdom where Chancellor Rishi Sunak has ruled out the presentation of the 2021 budget, the Gibraltar Government is to do something similar.
Rather than present a 2021 budget, it is simply doubling the 2020 budget as it is unable to accurately forecast likely income and expenditure due to the ever-changing effects of the pandemic.
What has been revealed is that in the first six months of 2020, income was down by £59 (€65) million and a further £23 (€25.3) million was spent on Covid-19 precautions and support.
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Married to Ophelia in Gibraltar in 1978, John has spent much of his life travelling on security print and minting business and visited every continent except Antarctica.
Having retired several years ago, the couple moved to their house in Estepona and John became a regular news writer for the EWN Media Group taking particular interest in Finance, Gibraltar and Costa del Sol Social Scene.
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