Gov’t formulating supplementary estimates to address critical needs in the country

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The government is now formulating the first 2021/22 supplementary estimates through which it will seek to address critical needs emerging in Jamaica since the approval of this year’s $830.8-billion budget.

Minister of Finance and the Public Service, Dr. Nigel Clarke, says these priorities include expenditure pressures brought on by the rise in the intensity of the coronavirus (COVID-19) pandemic.

In a statement recently, Dr. Clarke said the decision to formulate the supplementary budget comes against the background of robust revenue outturns recorded for the first four months of the fiscal year, ending July 31.

He informed that revenues exceeded budgeted inflows by $17.3 billion, noting that this was among the factors spurring the primary balance surplus past the budgeted $26.4 billion target over the period.