Budget of $328.15 billion for Jamaica
Friday, April 2, 2004
KINGSTON, Jamaica: The Jamaican Government
has presented a net budget of $328.15 billion for Financial Year 2004/05, to
cover its Recurrent (housekeeping) and Capital (development) expenses.
This sum is based on projections in the
2004/05 Estimates of Expenditure, which were tabled in the House of
Representatives Wednesday by Minister of Finance and Planning, Dr. Omar
Davies.
Broken down, the figures reveal that the
Government expects to spend just over $187.55 billion on the recurrent side of
the Budget and a little above $140.60 billion on the capital side.
Last year the net budget was projected at $261.41 billion. However, when the
First Supplementary Estimates was tabled in the House on March 2 this year by
the Finance Minister, a revised figure of $279.2 billion was presented.
For this year, the Ministry of Finance and Planning again gets the largest
amount in the allocations with $110.81 billion for recurrent expenses and
$133.15 billion for capital expenditure. Much of the amount will go towards
repaying Jamaica's debt obligations. The
Ministry of Education, Youth and Culture receives the second largest amount
with $29.56 billion for recurrent expenses and $653.60 million for capital
spending. The Ministry of National Security
gets $14.98 billion for recurrent expenditure and $210 million for capital,
while the Ministry of Health receives $15.03 billion for recurrent expenses
and $587.30 million for capital projects.
For the Ministry of Justice, $1.83 billion
has been allocated for recurrent and $116.20 million for capital; and the
Ministry of Local Government, Community Development and Sport, $4.31 billion
for recurrent and $460.00 million for capital expenses.
Allocations to other Ministries are: Land and the Environment, $1.13 billion
recurrent, $322.15 million capital; Industry and Tourism $1.85 billion
recurrent, $87.50 million capital; Transport and Works, $1.69 billion
recurrent, $2.34 billion capital; Foreign Affairs and Foreign Trade, $1.22
billion recurrent; Labour and Social Security, $1.11 billion recurrent, $1.10
billion capital. The Ministry of Agriculture
has received $1.35 billion for recurrent expenditure and $362.70 million on
the capital side; Ministry of Commerce, Science and Technology, $1.84 billion
recurrent and $110.00 million capital; and the Ministry of Water and Housing,
$562.31 million recurrent and $632.40 million capital.
For the Office of the Prime Minister, $588.16 million has been allocated for
recurrent expenses and $14.00 million for capital; Office of the Cabinet,
$558.62 million for recurrent and $455.10 for capital; Houses of Parliament,
$362.63 million recurrent; Auditor General, $157.50 million recurrent; Office
of the Services Commissions, $86.70 million recurrent; the Governor-General
and Staff, $50.01 million recurrent; Office of the Public Defender, $35.78
million recurrent; and Office of the Contractor General, $72.54 million
recurrent. The Standing Finance Committee of
the House will consider the Estimates of Expenditure from April 6 to 8, and
Dr. Davies will open the Budget Debate on Thursday, April 15 at 2:00 p.m.
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