The Government says it notes, “with disappointment”, the European Parliament’s objection, today, to the entry into force of the European Commission’s decision to remove certain jurisdictions, including Gibraltar, from the EU’s list of ‘high-risk’ third-countries with strategic deficiencies as regards anti-money laundering and counter-terrorist financing (“AML/CFT”).
The GSD has said that the Government does not know what to do in order to discredit the Lloyd’s Report, which, says the Opposition, continues to be the only safety report on the proposed LNG Bunkering installations produced in Gibraltar.
The GSD has this afternoon said that the Government “keeps on repeating nonsense hoping that some of it sticks.” This time, says the party, it says that the GSD voted in favour of the Budget and that somehow that detracts from the validity of its arguments about “out of control” Government spending and the use of the Gibraltar Savings Bank to fund Government expenditure and projects.
The Government said the budget for 2015/16 was passed unanimously by Parliament on Thursday of last week with the five members of the opposition present voting in favour of the departmental expenditure of £453 million and Improvement and Development Fund Capital spending of £94.6 million.