February 16, 2023

Approval Granted For $83M To Be Released For Carnival 2023

By Newsroom

The Finance Ministry has today approved the release of $83.8million dollars for Carnival 2023.

The Ministry of Tourism, Culture and the Arts says the sum includes Transfers to Carnival Bodies in the sum of $15.3 Million, and Grants to Regional Bodies of $6.173 Million.

Responding to reports of lack of funding to the National Carnival Commission, the Ministry of Tourism, Culture and the Arts said applications for funding had only been submitted last week. 

“As at Thursday 9, February, 2023, the NCC, through several requests, received funding in the amount of approximately $17 Million. By the end of Friday 10, February, 2023 the NCC made a request of $83 Million… This request was promptly submitted by the Ministry to the Ministry of Finance whose officers have been working over the weekend to ensure that this request for funding was processed.

It added: “Following the receipt of further supporting documentation and amendments to the Friday 10, February, 2023 request, which was submitted to the Ministry of Finance on Monday 13, February, 2023, the Ministry of Finance has approved the release of $83,861,683.00 to the NCC, today Thursday 16, February 2023. These funds are now available and, as instructed by the Ministry, will be disbursed with dispatch, accordingly.”

“The Ministry says it has continued to work with the NCC since the passage of the Appropriation Bill 2023 to ensure that resources are made available for the hosting of the successful return of Carnival 2023.

“However, this is dependent on the timely application for funding under the NCC’s budgetary allocation,” it said

 

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