Govt. to Spend $739.6 Million Less for 2014/15
By: , November 26, 2014The Key Point:
The Facts
- The Government intends to spend $936.3 million more for Recurrent expenses and $1.67 billion less for capital programmes.
- The Estimates are to be discussed by the Public Administration and Appropriations Committee (PAAC) and debated in the House of Representatives on December 9, 2014.
The Full Story
The Government will be spending $739.6 million less than what was approved for the 2014/15 financial year.
This is outlined in the first Supplementary Estimates of Expenditure for the 2014/15 financial year, tabled in the House of Representatives on November 25 by Minister of Finance and Planning, Dr. the Hon. Peter Phillips.
The Government intends to spend $936.3 million more for Recurrent expenses and $1.67 billion less for capital programmes.
The 2014/15 Estimates of Expenditure were approved in May in the House, which showed that $405.590 billion was allocated for Recurrent (House-keeping) expenses and $133.727 billion for Capital (Development) expenses.
The Estimates are to be discussed by the Public Administration and Appropriations Committee (PAAC) and debated in the House of Representatives on December 9, 2014.
