House Approves Fourth Supplementary Estimates
- The House of Representatives has approved the Fourth Supplementary Estimates for the fiscal year 2025/26, which reflects an increase in government expenditure of J$14.36Bn. The Estimates, approved on February 3, propose a total expenditure of approximately $1.391 Trillion, an increase of the Budget from the third supplementary estimates of $1,376 Trillion.
- In her remarks, Minister of Finance and the Public Service, Hon. Fayval Williams, said Central Government expenditure estimates are being adjusted to incorporate total incremental expenditure of J$14.36Bn, of which J$13.4Bn relates to Hurricane Melissa expenditure approved by Cabinet, subsequent to either the preparation of or the approval of the third supplementary in December 2025.
- It also accounts for J$960.0Mn, which represents an initial payment to Trans Americas Fibre Systems Limited, an amount that is due upon the signing of a letter of intent between the company and the Government of Jamaica to pursue the provision of additional sub-sea fibre capacity.
- Williams also stated that the changes to the 2025/2026 Public Bodies Estimates of Revenue and Expenditure reflect the additional central government budgetary support approved for the Development Bank of Jamaica.
- “Additionally, there is an adjustment to the budget of the Ministry of Health and Wellness for J$400.0Mn to be utilised under phase one of the Hurricane Melissa Rehabilitation Programme for Public Health, with J$300.0Mn for facilities assessment and repair mobilisation, and J$100.0Mn for the purchase of fixed assets in the region,” she noted.
- Williams said the additional J$13.4Bn being proposed for regularisation in the fourth supplementary estimates will bring the total sum allocated by Cabinet for pre and post-Hurricane Melissa response and relief activities to J$66.76Bn, inclusive of the $24.18Bn loan approved by Cabinet to the Jamaica Public Service Company, to facilitate the speedy restoration of electricity across the island.
(Source: JIS)
