Govt seeks $17b increase in 2018/19 budget

Tuesday, September 25, 2018

Print this page Email A Friend!

KINGSTON, Jamaica — The Government this afternoon tabled the First Supplementary Estimates for 2018/19, showing a planned increase in its budgetary spending for the fiscal year of $17.4 billion.

The additional spending will increase the 2018/19 budget to $791.1 billion, from the original $773.6 billion.

Non-debt expenditure increased, which received the bulk of the increase would move from $484.6 billion to $501.2 billion, while debt servicing expenditure would increase $289 billion to $289.8 billion.

The increase comprised $12.4 billion more for the recurrent or housekeeping expenditures and $5 billion for capital expenditure.

The increases included $1.2 billion in public debt charges or interest charges, but there was $333 million cut in public debt amortization (principal).

The estimates are to be reviewed by the House of Representatives next week prior to a vote of confirmation.

Balford Henry

Now you can read the Jamaica Observer ePaper anytime, anywhere. The Jamaica Observer ePaper is available to you at home or at work, and is the same edition as the printed copy available at




1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper � email addresses will not be published.

2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.

3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.

4. Please do not write in block capitals since this makes your comment hard to read.

5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed:

6. If readers wish to report offensive comments, suggest a correction or share a story then please email:

7. Lastly, read our Terms and Conditions and Privacy Policy

comments powered by Disqus



Today's Cartoon

Click image to view full size editorial cartoon