Wed | Aug 15, 2018

House approves Supplementary Estimates

Published:Thursday | December 7, 2017 | 9:34 AM

The House of Representatives has given its approval for the government to spend $90 billion more than initially planned for this fiscal year.

The first Supplementary Estimates of Expenditure has put the budget for the fiscal year at $805.4 billion, up from $715.5 billion.

That’s an approximately 12 per cent increase.

This includes some $22 billion more for housekeeping or recurrent expenditure which pushes the planned spending on areas such as salaries to $377.9 billion up from $355.9 billion.

Among the ministries which have been awarded more for housekeeping expenses is the ministry of Economic Growth and Job Creation which gets an additional $2.6 billion. 

The Ministry of Finance has been given $11 billion more for its recurrent expenses with $12 billion going to Petrojam.

There is also more money in the Supplementary Estimates for the Ministry of National Security, the Police Force, and the Ministry of Health, among others.