Phillips to table revised Budget today
Finance Minister Dr Peter Phillips will this afternoon table in Parliament, a revised Supplementary Estimates of Expenditure.
The estimates are expected to reflect changes in the $641.6 billion spending package approved in March.
Central Government operations, excluding amortisation, was budgeted at $462.9 billion or 27.4 per cent of the Gross Domestic Product.
Amortisation is an accounting term that refers to the repayment of loan principal over time.
Of this year's budget, $209 billion was allocated for capital expenditure but it is believed that this will be reduced in the revised Budget.