THE SUNKEN POLICE VEHICLE
THE SUNKEN POLICE VEHICLE
As the truth of our economic predicament sets in, readers may find it useful to look back at previous budgets since 2001.
One will easily note that in a nine-year period up to 2010, national budgets increased by over 300%, and while this happened, oil and gas production declined, there were drastic declines in drilling, negligible diversification, foreign investment plunged, and the State was plagued by over-budget mega projects.
In the years 2011 to 2015, national budgets increased by approximately 26% in spite of non-boom oil and gas prices, with increases in oil and gas exploration and new investments, as well as completed and delivered large-scale projects.
Budget’s 2001 to 2010
Budget 2001 (Brian Kuei Tung) - $13.448B
Budget 2002 (Gerald Yetming) - $14.428B
Budget 2003 (Patrick Manning) - $20B
Budget 2004 (Patrick Manning) - $22.331B
Budget 2005 (Patrick Manning) - $27,917B
Budget 2006 (Patrick Manning) - $34,119B
Budget 2007 (Patrick Manning) - $38,054B
Budget 2008 (Karen Nunez-Tesheira) - $42.260B