Govt. Presents Budget of $489.52 Billion


The Government has put forward a budget of $489.52 billion, with $304.44 billion earmarked for Recurrent (house-keeping) expenses and $185.08 billion for Capital (development) obligations.
Details of these projections are included in the 2008/09 Estimates of Expenditure, which were tabled in the House of Representatives, today (March 27), by Minister of Finance and the Public Service, Audley Shaw.
When the Second Supplementary Estimates were tabled this month, the 2007/08 budget was revised to show a figure of $405.2 billion, with recurrent expenses at $254.6 billion and capital expenditure at $150.6 billion.
In the new fiscal year, which begins on April 1, the Ministry of Finance and the Public Service gets the largest sum in the allocations with $164.3 billion for recurrent expenses and $143..9 billion for capital expenditure. Much of the amount will go towards meeting Jamaica’s debt obligations.
The Ministry of Education receives the second largest sum with $54 billion for recurrent expenses and $4.35 billion for capital spending.
The Ministry of National Security has received $30.1 billion for recurrent expenditure and $7.51 billion for capital, while the Ministry of Health and Environment gets $26.19 billion for recurrent expenses and $1.26 billion for capital projects.
For the Ministry of Justice, $2.8 billion has been allocated for recurrent and $492.1 million for capital; Ministry of Information, Culture, Youth and Sports, $2.90 billion recurrent, $364.13 million capital; Ministry of Energy, Mining and Telecommunications, $2.12 billion recurrent, $3.96 billion capital; and the Ministry of Transport and Works, $1.57 billion recurrent and $8.94 billion capital.
Allocations to other Ministries are: Agriculture, $2.97 billion recurrent, $3.67 billion capital; Industry, Investment and Commerce, $2.01 billion recurrent, $228.38 million capital; Water and Housing, $651.89 million recurrent, $2.51 billion capital; Foreign Affairs and Foreign Trade, $2.58 billion recurrent, $54.24 million capital; Labour and Social Security, $1.67 billion recurrent, $2.71 billion capital; and the Ministry of Tourism, $3.33 billion for recurrent and $56.2 million capital.
For the Office of the Prime Minister, $3.52 billion has been allocated for recurrent expenses and $7.73 billion for capital; Office of the Prime Minister (Local Government), $5.05 billion for recurrent and $1.47 billion for capital; Office of the Cabinet, $495.62 million for recurrent and $339.38 million for capital; and the Houses of Parliament, $545.62 million recurrent.
The Auditor General has received $232.43 million recurrent; Office of the Services Commissions, $123.33 million recurrent; the Governor-General and Staff, $93.67 million recurrent; Office of the Public Defender, $50.09 million recurrent; Office of the Contractor General, $172.48 million recurrent; and Office of the Children’s Advocate, $34.22 million recurrent.
The Standing Finance Committee of the House will consider the Estimates of Expenditure from April 1 to 3, and Mr. Shaw will open the Budget Debate on Thursday, April 10 at 2:00 p.m.

JIS Social