$550 Million Allocated as Contingency Funding
Contingency funding of $550 million has been allocated for weather related risks in the 2016/17 Estimates of Expenditure. To be used specifically for natural disasters and infrastructure rehabilitation, this allocation is in keeping with the Fiscal Responsibility Framework Regulations, contained in the Financial Administration and Audit Act (FAA Act). In the meantime, another contingency provision of $100 million has been...
