Caribbean News Now!

About Us Contact Us

Countries/Territories

Jump to your country or territory of interest

Advertise with us

Reach our daily visitors from around the Caribbean and throughout the world. Click here for rates and placements.

Contribute

Submit news and opinion for publication

Subscribe

Click here to receive our daily regional news headlines by email.

Archives

Click here to browse our extensive archives going back to 2004

Also, for the convenience of our readers and the online community generally, we have reproduced the complete Caribbean Net News archives from 2004 to 2010 here.

Climate Change Watch

The Caribbean is especially vulnerable to rising sea levels brought about by global warming. Read the latest news and information here...

Follow Caribbean News Now on Twitter
Connect with Caribbean News Now on Linkedin



News from the Caribbean:


Back To Today's News

Jamaican government presents US$4.95 billion budget
Published on April 5, 2014 Email To Friend    Print Version

By Godfrey Barnes

KINGSTON, Jamaica (JIS) -- The Jamaican government has presented a budget of $539.35 billion (US$4.95 billion) for 2014/15, with $404.654 billion earmarked for recurrent (housekeeping) expenses and $134.698 billion for capital (development) spending.

This represents an increase of $39 billion over the revised estimates for 2013/14, which were tabled as the first supplementary estimates in February.

peter_phillips9.jpg
Minister of Finance and Planning, Dr Peter Phillips. JIS Photo
Details of the projections are contained in the estimates of expenditure, which were tabled in the House of Representatives on Thursday by minister of finance and planning, Dr Peter Phillips.

The ministry of finance and planning has been allocated the largest sum, with $197.65 billion for recurrent expenses and $102.3 billion for capital expenditure. A large portion of the sum will go towards meeting Jamaica’s debt obligations.

The ministry of education gets the second largest sum, with $78.29 billion for recurrent expenses and $2.1 billion for capital spending.

The ministry of national security has received $47.17 billion for recurrent expenditure and $3.20 billion for capital, while the ministry of health gets $35.97 billion for recurrent expenses and $903 million for capital projects.

For the ministry of justice, $4.62 billion has been allocated for recurrent and $800 million for capital; Office of the Prime Minister, $2.92 billion recurrent, $1.65 billion capital; ministry of science, technology, energy and mining, $4.46 billion recurrent, $1.08 billion capital; and the ministry of transport, works and housing, $3.36 billion recurrent and $13.6 billion capital.

Allocations to other ministries are: agriculture and fisheries, $3.52 billion recurrent, $2.36 billion capital; industry, investment and commerce, $1.76 billion recurrent, $3.8 million capital; water, land, environment and climate change, $2.68 billion recurrent, $279 million capital; foreign affairs and foreign trade, $3 billion recurrent, $75 million capital; labour and social security, $2.26 billion recurrent, $5.5 billion capital; ministry of tourism and entertainment, $1.53 billion for recurrent, $14 million capital; ministry of youth and culture, $3.64 billion recurrent, $173 million capital; and ministry of local government and community development, $8.8 billion recurrent, $131 million capital.

The Office of the Cabinet has received $483 million for recurrent spending, and $278.9 million for capital expenditure.

The auditor general has received $528.4 million recurrent; Office of the Services Commissions, $179.5 million recurrent; the governor-general and staff, $170.31 million recurrent; Office of the Public Defender, $75.4 million recurrent; Office of the Contractor General, $229.18 million recurrent; Office of the Children’s Advocate, $99.30 million recurrent; Houses of Parliament $761.3 million recurrent; and Independent Commission of Investigations $334.2 million.

The standing finance committee of the house will consider the estimates of expenditure from April 8-10, and Phillips will open the Budget Debate on Thursday, April 17.

(1 USD = 109.020 JMD)
 
Reads: 1834





Click here to receive daily news headlines from Caribbean News Now!



Back...

Comments:

No comments on this topic yet. Be the first one to submit a comment.

Back...

Send us your comments!  

Send us your comments on this article. All fields are required.

For your contribution to reach us, you must (a) provide a valid e-mail address and (b) click on the validation link that will be sent to the e-mail address you provide.  If the address is not valid or you don't click on the validation link, we will never see it!

Your Name:

Your Email:

(Validation required)

Comments:
Enter Code



Please note that, if you are using an AT&T domain email address, e.g. att.net, bellsouth.net, sbcglobal.net, the verification email will likely not be delivered. This is outside of our control and the only remedy seems to be for readers to complain to AT&T





Disclaimer
User comments posted on this website are the sole views and opinions of the comment author and are not representative of Caribbean News Now or its staff. Caribbean News Now accepts no liability and will not be held accountable for user comments.
Caribbean News Now reserves the right to remove, edit or censor any comments. Any content that is considered unsuitable, unlawful or offensive, includes personal details, advertises or promotes products, services or websites or repeats previous comments will not be approved.
Before posting, please refer to our Terms of Use and Privacy Policy.



Other Headlines:



Regional Sports: