Jamaica spent $8.3b more than budgeted in December 2015 quarter
The Planning Institute of Jamaica (PIOJ) says Jamaica spent some $8.3 billion more than was budgeted in the December 2015 quarter.
However, the institute notes that the spending was not due to preparations for the general election.
At a press conference yesterday PIOJ president Collin Bullock addressed concern about whether the previous administration spent more during the quarter than they would normally in order to complete projects in a bid to appease voters.
He says the increased amount was due to Revenues and grants being $2 billion higher than programmed.
In August, the outgoing Finance and Planning Minister Dr Peter Phillips said the Government would not overspend in the run-up to general election to benefit constituents.
Following the 2002 general election, then Finance Minister Dr Omar Davies admitted to increasing spending on government projects.