First Supplementary Estimates To Be Tabled Within Two Weeks

• Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, says the first Supplementary Estimates for 2020/21 should be tabled in the House of Representatives within two weeks.
• “That supplementary budget will recast [projected] revenues in light of the [coronavirus] COVID-19 pandemic… it will involve a reallocation of expenditure to be consistent with the realities that we face at this time… and will ensure that the expenditure we intend to enact for the COVID Allocation of Resources for Employees (CARE) Programme, goes to the Houses of Parliament,” Dr. Clarke said.
• The Government’s initial Budget of $852.7 billion was adjusted to $853.5 billion to reflect an additional $792 million to fund the operations of the Petroleum Corporation of Jamaica (PCJ), which is being integrated into the Ministry of Science, Energy and Technology.

(Source: JIS)