The House of Representatives, on Tuesday (October 13), approved the Second Supplementary Estimates for the 2020/21 fiscal year.
The revised budget proposes an overall additional expenditure of $15.7 billion to generate a total expenditure budget of $853.7 billion.
Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, explained that the continued impact of the coronavirus (COVID-19) pandemic, has created the need for additional expenditure in areas such as health, social welfare, education and the economy
“The budget that we have put forward here contains the maximum amount of expenditure that we think is consistent with responding to the crisis on one hand, but on the other hand, not losing the sustainability that we’ve worked so hard to achieve,” he noted.
He told the House that for the first six months of the year, revenues were $8 billion or three per cent higher than budgeted “which is a good place to be”.