Thu | Apr 2, 2015

Gov't slashes Budget by $9.9 billion in revised Estimates

Published:Tuesday | February 5, 2013

Daraine Luton, Senior Staff Reporter



The Finance Minister Dr Peter Phillips has tabled a new Supplementary Estimates indicating a $9.9 billion cut in the Budget.




The revised Estimates tabled in Parliament this afternoon, indicate that the Budget is now $602.5 billion down from $612.4 billion.



The Supplementary Estimates were expected last week, however, last Tuesday, the House Leader, Phillip Paulwell, said the Estimates would instead be tabled today.



Last year when Dr. Phillips tabled a $612-billion Budget it represented an increase of $76 billion over the $536 billion which was allocated during the previous financial year.



FOR MORE STORIES WATCH




Like our new Facebook page http://www.facebook.com/gleanerjamaica



Follow us on Twitter http://twitter.com/JamaicaGleaner



radio@gleanerjm.com