Trillion Dollar Budget Set For Jamaica

Jamaica’s Government made history with a trillion-dollar national budget set for the fiscal year 2023/24.

Finance and Public Service Minister Dr. Nigel Clarke tabled the historic Estimates of Expenditure for the fiscal year 2023/24 in the House of Representatives Tuesday afternoon.

The budget’s largest single item of expenditure is the $338 billion for wages and salaries for public sector employees.

“In line with the requirements of the Financial Administration and Audit Act, I am tabling today, for the fiscal year 2023/2024 budgetary documents which provide an outline of the Government’s plan for the country over the medium term,” said Clarke.

He added that: “Building on the achievements of the fiscal year 2022/2023, the government plans to spend $1 trillion in the fiscal year 2023/2024.

This is Jamaica’s first trillion-dollar budget”.

Clarke explained that the amount is allocated across the main expenditure.

Support The Readers Bureau. Buy A T-Shirt Today (4 different colors)! click  https://www.bonfire.com/one-love-72/?fbclid=IwAR2bod-XSyrCPutOwG_SMnKiInk6Bqe2kCtjBsAFISqHluQcujrF2UUkFew

Readers Bureau, Contributor

Edited by Jesus Chan

Do you want to add feedback to this story?

Please add a comment in the box below or send an email to info@thereadersbureau.com. Call us at 646-874-7976. SUBSCRIBE CLICK https://www.youtube.com/c/yvadbillingsreadersbureau