House Approves Third 2018/19 Supplementary Estimates

• The House of Representatives on Tuesday, March 26 approved the Third Supplementary Estimates for the 2018/19 fiscal year, which reflect total government expenditure of $802.6Bn.
• The figures indicate no deviation between the expenditure out-turns projected in the Second 2018/19 Supplementary Estimates, which were approved in January 2019.
• Minister of Finance, Dr. the Hon. Nigel Clarke, who tabled the document on March 20, explained that the Third Supplementary Estimates represent a reallocation of programmed expenditure from areas where provisions have been made and those monies have not yet been spent, with five days to go before the 2018/19 fiscal year ends.

 (Source: JIS)