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CCNTV6
  • 7 weeks ago
Transcript
00:00Opposition Senator Vishnu Danpol is warning of a difficult holiday season for public servants
00:05and citizens on public assistance, claiming the 2025-2026 national budget is already under severe
00:12stream. He pointed to recent delays in salary and grant disbursements as early red flags,
00:18insisting the opposition had cautioned that the $59.2 billion fiscal package was unsustainable
00:26and could falter before January 2026. Danpol, a former finance minister and permanent secretary,
00:33alleges the challenges seen in the past few months show the writing was on the wall from the start.
00:41He expects finance minister Devendranath Tanku will soon have to return to parliament
00:45to request additional funding to address the shortfall.
00:49This country spends $4.5 billion a month on goods and services, transfers, et cetera,
01:01that you can't afford not to spend, $4.5 billion. You do a quick mathematics,
01:06that equates to $54 billion a year. You cannot afford not to spend that $54 billion.
01:14And I keep saying, and I keep saying, and I'm staying on message, that's like transfers and subsidies,
01:21old age pensions, public assistance grant, et cetera, et cetera, debt service,
01:27all the direct charges on the exchequer. You can't afford not to spend on that.
01:31So we are locked in at $54 billion a year. The budget has projected revenue, $55 billion.
01:40You understand what's the problem there. November is what we call a dry month at the ministry of finance.
01:48Starting from this month, the government is going to be cash trapped.
01:52Cash flow is going to have a problem, a cash flow problem starting from November.
01:57Okay. And you're going to see it. And there's a reason why public servants won't be paid on time,
02:03et cetera, et cetera. Cash flow issues. And it's going to just continue to the new fiscal year.
02:07Cash flow, cash flow, cash flow, cash flow, cash flow, cash flow, cash flow, cash flow, cash flow, cash flow, cash flow, cash flow, cash flow, cash flow, cash flow, cash flow, cash flow, cash flow, cash flow, cash flow, cash flow, cash flow, cash flow, cash flow, cash flow, cash flow, cash flow, cash flow, cash flow, cash flow, cash flow, cash flow, cash flow, cash flow, cash flow, cash flow, cash flow, cash flow, cash flow, cash flow, cash flow, cash flow, cash flow, cash flow, cash flow, cash flow, cash flow.
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