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Gov't proposing approximately $60 billion increase in National Budget

Gov't proposing approximately $60 billion increase in National Budget

Posted  70 Views updated 27 days ago

The Government is proposing to increase the National Budget by approximately $60 billion.

The additional spending is contained in the First Supplementary Estimates 2022/2023, which was tabled in the House of Representatives this afternoon by Finance Minister Dr Nigel Clarke.

The Parliament previously passed a budget of $912 billion for the 2022/23 fiscal year.

Among other things, the additional spending is to cover public sector compensation, draining cleaning and road patching, help for PATH students, support for the Jamaica Urban Transit Company (JUTC), and debt payment.

Clarke said the increased spending is made possible by better-than-expected revenue inflows.

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