GOJ Budget to be increased by $11.4Bn this fiscal year

• The Government on Tuesday (January 8) tabled the Second Supplementary Estimates, which show that the Administration is proposing to spend an additional $11.4 billion for this fiscal year.

 

• The Estimates reveal that the budget has been increased from $791.11 billion to $802.56 billion.

 

• Recurrent (housekeeping) expenses have moved from $572.46 billion to $582.5 billion, for an additional expenditure of $9.65 billion.

 

• In terms of capital (development) spending, this is proposed to be increased by $1.36 billion, moving from $218.64 billion to $220.04 billion.

 

(Source:  JIS)