- A budget of $641.56 billion has been presented by the Government for the fiscal year 2015/16.
- This represents an increase of $102 billion over the revised Estimates for the financial year 2014/15.
- The Ministry of Finance and Planning has been allocated the largest sum, with $200.39 billion for recurrent expenses and $181 billion for capital expenditure.
A budget of $641.56 billion has been presented by the Government for the fiscal year 2015/16, with $432.57 billion earmarked for recurrent (housekeeping) expenses and $208.98 billion for capital (development) spending.
This represents an increase of $102 billion over the revised Estimates for the financial year 2014/15.
Details of the projections are contained in the Estimates of Expenditure, which were tabled in the House of Representatives, on Thursday, February 19, by Minister of Finance and Planning, Dr. the Hon. Peter Phillips.
The Ministry of Finance and Planning has been allocated the largest sum, with $200.39 billion for recurrent expenses and $181 billion for capital expenditure. A large portion of the sum will go towards meeting Jamaica’s debt obligations.
The Ministry of Education gets the second largest sum with $79.3 billion for recurrent expenses and $1.97 billion for capital spending.
Ministry of National Security has received $49.14 billion for recurrent expenditure and $2.66 billion for capital, while the Ministry of Health gets $49.09 billion for recurrent expenses and $1.15 billion for capital projects.
For the Ministry of Justice, $6.06 billion has been allocated for recurrent and $711 million for capital; Office of the Prime Minister, $3.83 billion recurrent, $1.75 billion capital; Ministry of Science, Technology, Energy and Mining, $7.5 billion recurrent, $1.10 billion capital; and the Ministry of Transport, Works and Housing, $3.65 billion recurrent and $8.23 billion capital.
Allocations to other Ministries are: Agriculture and Fisheries, $4.26 billion recurrent, $3.45 billion capital; Industry, Investment and Commerce, $1.96 billion recurrent; Water, Land, Environment and Climate Change, $3.02 billion recurrent, $288 million capital; Foreign Affairs and Foreign Trade, $3.77 billion recurrent, $195 million capital; Labour and Social Security, $2.51 billion recurrent, $5.7 billion capital; Ministry of Tourism and Entertainment, $1.70 billion for recurrent, $27 million capital; Ministry of Youth and Culture, $4.11 billion recurrent, $156 million capital; and Ministry of Local Government and Community Development, $9.6 billion recurrent, $172.9 million capital.
The Office of the Cabinet has received $545.5 million for recurrent spending, and $370 million for capital expenditure.
The Auditor General has received $529.7 million recurrent; Office of the Services Commissions, $186.8 million recurrent; the Governor-General and Staff, $182.8 million recurrent; Office of the Public Defender, $80.8 million recurrent; Office of the Contractor General, $236.7 million recurrent; Office of the Children’s Advocate, $135.9 million recurrent; Houses of Parliament $790.8 million recurrent; and Independent Commission of Investigations $342.5 million.