St. Kitts and Nevis (WINN); Three years of audited financial statements for the Frigate Bay Development Corporation have been tabled in parliament, the first time in 11 years.
Minister of Trade and Industry Lindsay Grant laid the statements for 2007, 2008 and 2009 in the National Assembly on Thursday (Feb 16).
“We are presenting three audited accounts, 2007, 2008, and 2009; and so you would appreciate that the last audited accounts out of the Frigate Bay Development Corporation was in 2006, some eleven years ago. So the Frigate Bay Development Corporation has not been running with any accounts for eleven years, and you would appreciate that to run a business without accounts for eleven years, you probably don’t know the state of the business eleven years later.”
The Frigate Bay Development Corporation, a statutory body, is the umbrella agency governing development in the Frigate Bay area.
Grant indicated his intention to table three more years of audited statements in the near future, 2010, 2011, and 2012. He said bringing the financial documents to the House was an example of the good governance agenda of the Team Unity Government.
“You hear it a lot in this parliament and outside on the airwaves about good governance and I would like to say that good governance is not restricted to the Freedom of Information Act and the Integrity in Public Life Bill; good governance also relates to the way that government operates in its financial dealings, whether the government itself or quasi government institutions…but I will come and speak about that on another occasion when I present three accounts, 2010, 2011, and 2012 to this House very shortly.”