Finance Minister Tables Second Supplementary Estimates

Photo: Donald De La Haye Minister of Finance and the Public Service, Hon. Audley Shaw.

Minister of Finance and the Public Service, Hon. Audley Shaw, tabled the Second Supplementary Estimates of Expenditure for the 2017/18 financial year, in the House of Representatives on Tuesday (March 13).

The figures show that the Budget has been revised upwards from $805.4 billion to $815.2 billion, an increase of $9.78 billion.

The Estimates show an increase in the Recurrent (housekeeping) expenses from $515.4 billion to $523.8 billion, while Capital (development) spending has moved from $290 billion to $291.4 billion.

Members of the Public Administration and Appropriations Committee (PAAC) will deliberate on the Second Supplementary Estimates on Wednesday, March 14.

The First Supplementary Estimates for the 2017/18 financial year was approved by the House of Representatives in December. The Budget was increased from $715.6 billion to $805.4 billion. It reflected an increase of $89.9 billion.

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