Wednesday 19 September, 2018

Second Supplementary Estimates tabled

Finance Minister Audley Shaw

Finance Minister Audley Shaw

The Second Supplementary Estimates of Expenditure for the 2017/2018 financial year were tabled in the House of Representatives on Tuesday by Finance Minister Audley Shaw.

The figures show that the budget has been revised upwards from $805.4 billion to $815.2 billion, an increase of $9.78 billion.

The estimates show an increase in recurrent or housekeeping expenses from $515.4 billion to $523.8 billion, while capital spending moved from $290 billion to $291.4 billion.

Members of the Public Administration and Appropriations Committee (PAAC) will deliberate on the Second Supplementary Estimates on Wednesday.

The First Supplementary Estimates for the 2017/18 financial year was approved by the House of Representatives in December. At the time, the Budget was increased from $715.6 billion to $805.4 billion. It reflected an increase of $89.9 billion.