House of Representatives Approves Fourth Supplementary Estimates  

 

• The Fourth Supplementary Estimates for the fiscal year 2022/23 were approved in the House of Representatives on Tuesday (Feb. 28), pushing budgeted expenditure to approximately $1.002 trillion.
• Included are net incremental adjustments to the Central Government Budget of $4.3 billion, reflecting a net increase of $10.1 billion in recurrent expenditure and a net reduction of $5.8 billion in capital spending. The additional expenditure is primarily to facilitate payments under the public sector compensation restructuring exercise for the remaining groups that were not covered under the Second and Third Supplementary Estimates.
• There are also additional sums for the National Solid Waste Management Authority and the Jamaica Urban Transit Company (JUTC).
• The Fourth Supplementary Estimates were approved with one amendment. Finance Minister, Dr. Clake highlighted that the House has acted in good faith by tabling a Fourth Supplementary estimate and getting it passed in the same day in order for those payments to be made in this fiscal year.

(Source: JIS)