Parliamentarians to meet on proposed JA$612 billion budget
KINGSTON, Jamaica, Monday May 14, 2012 – From tomorrow (May 15) until Thursday the Standing Finance Committee of the House of Representatives will consider the Estimates of Expenditure containing the JA$612.4 billion in projected expenses tabled last Thursday.
The projected 2012/13 expenses under consideration include JA$375 billion earmarked for Recurrent (house-keeping) expenses and $237.4 billion for Capital (development) obligations.
The Ministry of Finance, Planning and Public Service gets the largest sum in the allocations, with JA$187.84 billion for recurrent expenses and $199.5 billion for capital expenditure. Much of the amount will go towards meeting Jamaica's debt obligations.
The Ministry of Education receives the second largest sum with JA$73.8 billion for recurrent expenses and $2.3 billion for capital spending.
Ministry of National Security has received JA$44 billion for recurrent expenditure and $1.78 billion for capital, while the Ministry of Health gets $32.1 billion for recurrent expenses and $1.3 billion for capital projects.
For the Ministry of Justice, JA$3.69 billion has been allocated for recurrent and $433 million for capital; Office of the Prime Minister, $1.65 billion recurrent, $2.96 billion capital; Ministry of Science, Technology, Energy and Mining, $3.46 billion recurrent, $2.6 billion capital; and the Ministry of Transport, Works and Housing, $2.18 billion recurrent and $14.91 billion capital.
Allocations to other Ministries are: Agriculture and Fisheries, JA$3.11 billion recurrent, $3.77 billion capital; Industry, Investment and Commerce, $1.60 billion recurrent, $11 million capital; Water, Land, Environment and Climate Change, $2.13 billion recurrent, $1.88 billion capital; Foreign Affairs and Foreign Trade, $2.61 billion recurrent, $91 million capital; Labour and Social Security, $2.13 billion recurrent, $4.17 billion capital; Ministry of Tourism and Entertainment, $1.51 billion for recurrent; Ministry of Youth and Culture, $2.93 billion recurrent, $726 million capital; and Ministry of Local Government and Community Development, $7.5 billion recurrent, $537 million capital.
The Office of the Cabinet has received JA$494 million for recurrent spending, and $300 million for capital expenditure.
The Auditor General has received JA$346.5 million recurrent; Office of the Services Commissions, $148.5 million recurrent; the Governor-General and Staff, $118.5 million recurrent; Office of the Public Defender, $76.5 million recurrent; Office of the Contractor General, $209.6 million recurrent; Office of the Children’s Advocate, $84 million recurrent; Houses of Parliament $712 million recurrent; and Independent Commission of Investigations $288 million.
Minister of Finance, Planning and Public Service, Dr Peter Phillips will open the Budget Debate on Thursday, May 24.