The budget for the Ministry of National Security is being reduced by $100 million as a decision has been taken not to renew the current contract that relates to CCTV cameras.
The shortfall represents the fiscal year 2018, which ran from October 1, 2017 to September 30, 2018.
The reduction was debated as the Standing Finance Committee of the House of Representatives met today.
National Security Minister Stuart Young said the current contract with TSTT is not being renewed as the minister says the contract was not favourable to taxpayers.
He said the cost of cameras under the TSTT contract was between $11,000 and $14,000 per camera, while another provider, Columbus Communications, was offering the same at $3,000 per camera.
"So on that comparison alone, we decided not to renew the contract," Minister Young told the Standing Finance Committee.
The minister said the decision was taken by the National Security Council.
He said that instructions were given that before the contract expired, there should be competitive Requests For Proposals for the continuation and upgrade of CCTV cameras but added that "unfortunately that was not done".
He said they still went ahead to take steps to terminate the contract and are operating on a month to month basis until a new contract is determined.
"So this sum of money is a credit until that is worked out," he said.