Finance Minister Opens Budget Debate Today
By: , March 10, 2020The Key Point:
Photo: Michael Sloley
(FILE) Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, speaks at the meeting of the Standing Finance Committee of the House of Representatives, on March 3. He will open the 2020/2021 Budget Debate on March 10.The Facts
- He is slated to outline how the Government’s proposed $853.5-billion expenditure for the upcoming fiscal year will be funded.
- The sum, which was initially $852.7 billion, has been adjusted to reflect an additional $792 million to fund the operations of the Petroleum Corporation of Jamaica (PCJ), which will be integrated into the Ministry of Science, Energy and Technology.
The Full Story
The 2020/21 Budget Debate gets under way in the House of Representatives on Tuesday, March 10, with the opening presentation by Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke.
He is slated to outline how the Government’s proposed $853.5-billion expenditure for the upcoming fiscal year will be funded.
The sum, which was initially $852.7 billion, has been adjusted to reflect an additional $792 million to fund the operations of the Petroleum Corporation of Jamaica (PCJ), which will be integrated into the Ministry of Science, Energy and Technology.
This was indicated by Dr. Clarke during the meeting of the Standing Finance Committee of the House of Representatives, on March 3.
Opposition spokesperson on Finance, Mark Golding, will respond to the Minister’s presentation in his contribution to the Debate on Thursday, March 12.
Leader of the Opposition, Dr. Peter Phillips, is slated to make his presentation on Tuesday, March 17. Prime Minister, the Most Hon. Andrew Holness, will make his contribution to the Debate on Thursday, March 19.
Dr. Clarke will wrap up the Debate on Tuesday, March 24, following which the Sectoral Debate presentations will commence in April and, thereafter, the State of the Nation Debate, in the Senate.