Estimates show $10b cut in government spending
KINGSTON, Jamaica — The government today tabled the supplementary estimate for 2012/2013 showing nearly $10 billion in cuts in spending.
The budget, which was passed last May, totaled $612.4 billion, but the cuts in the supplementary estimate have reduced that figure to $602.5 billion.
The cuts are comprised of $7 billon in housekeeping expenditure and $2.8 billion in capital expenditure.
The Public Administration and Appropriations Committee (PAAC) will review the estimates Wednesday and Thursday of this week.
They will be debated in the House next Tuesday.