St. Kitts-Nevis Government Lays Three Audited Reports in Parliament as Part of Good Governance Practices
BASSETERRE, St. Kitts, December 03, 2019 (Press Unit in the Office of the Prime Minister) – Three ministers of Government, including Prime Minister Dr. the Honourable Timothy Harris, laid the audited financial reports for three Statutory Bodies before the National Assembly at its most recent sitting on Thursday, November 28, 2019, in keeping with the Team Unity administration’s good governance agenda.
Prime Minister Harris, who is also the Minister of Finance, laid on the table of the Parliament the audited financial statements of the Development Bank of St. Kitts and Nevis for the year ending December 31, 2017. The audit was carried out by chartered accounts of Grant Thornton.
The auditor was quoted in that report, dated March 29, 2019, as saying, “In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of the bank as at December 31, 2017, and its financial performance and its statement of cash flows for the year then ended in accordance with International Financial Reporting Standards (IFRS).”
Meanwhile, Leader of Government Business and Minister responsible for Health and the Environment, the Honourable Eugene Hamilton, laid before the Honourable House the audited financial statements of the St. Christopher and Nevis Solid Waste Management Corporation for the year ending December 2018.
Minister Hamilton noted that the financial performance of the Solid Waste Management Corporation in 2018 was “really a creditable one.”
He added, “We embarked on a programme of cleaning up the entire country in September [2017] followed by the introduction of a programme to remove derelict vehicles from across the country with the aim of reducing the risk of the spread of diseases by mosquitoes and we have successfully done that. Despite all that extra effort Mr. Speaker, the performance of corporation is a creditable one, returning a profit for 2018 of over $2 million.”
Additionally, the Honourable Vance Amory, Senior Minister and Minister responsible for Social Security, presented to the Parliament the 12th Actuary Review of the St. Christopher and Nevis Social Security Board Fund as of December 31, 2017, as well as the audited financial statements for the Social Security Fund for the year ending 31st December, 2017.