JIS News

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  • The House of Representatives on Tuesday (March 4) approved a Resolution allowing the Government a sum of $72.4 billion to carry on its business for a period of three months, from April 1 to June 30.
  • Dr. Phillips noted that the vote on account excludes statutory expenditure, of $47.3 billion, which covers such as debt servicing and salaries attached to certain posts provided for in the Constitution.
  • The resolution does not include: any increases in officers’ salary or allowances, other than approved increments agreed upon by the government in the financial year to be paid in 2014/15;

The House of Representatives on Tuesday (March 4) approved a Resolution allowing the Government a sum of $72.4 billion to carry on its business for a period of three months, from April 1 to June 30.

Moving the resolution, Minister of Finance and Planning, Dr. the Hon. Peter Phillips informed that the sum comprised $61.3 billion for recurrent expenditure and $11.1 billion for capital expenditure.

Dr. Phillips noted that the vote on account excludes statutory expenditure, of $47.3 billion, which covers such as debt servicing and salaries attached to certain posts provided for in the Constitution.

“This is due to the fact that these expenditures are statutorily prescribed and do not require prior parliamentary approval,” he pointed out.

He noted that the resolution would authorise expenditure up until June 30, as it is expected that the Appropriation Act covering the period April 1, 2014 to March 31, 2015 would be passed.

The resolution does not include: any increases in officers’ salary or allowances, other than approved increments agreed upon by the government in the financial year to be paid in 2014/15; any increase in the establishment over that approved in 2013/14 or; any new service or work for which no provision was made in the 2013/14 estimates of expenditure, or which has not otherwise received the approval of the House.