Jamaica Finance Minister tables $641B budget

By Michelle Nurse Last updated Feb 20, 2015

MINISTER of Finance and Planning Dr Peter Phillips yesterday tabled a $641-billion expenditure budget for the new fiscal year, 2015/16, which starts on April 1.

The primary increase is approximately 18 per cent, with expenditure increasing by approximately $102 billion over the $539 billion for the current fiscal year, which ends on March 31.

The estimates comprise $432.6 billion in recurrent (housekeeping) expenditure and $209 billion in combined Capital A and B expenditures, which cover estimates for projects financed solely by the Government, and projects financed primarily by external sources, respectively.