Jamaican Government needs $612 Billion for the 2012-2013 fiscal year.

Finance Minister Dr Peter Phillips has tabled a $612 billion budget for the 2012-2013 fiscal year. 

The Government of Jamaica Plans to spend $612 billion for Estimates of expenditure for 2012-2013 fiscal year.  This is $76 billion  more than the $536 billion which was allocated for expenditure last year. 

The budget includes projected spending of $375 billion on recurrent expenses which includes items such as salaries, utilities and interest payments on government loans. 

On the capital side of the budget the government plans to spend $237 billion this year, a $53 billion increase or 29 per cent more than last year. 

The Finance Minister will tell the country how he will finance the Budget on Thursday May 24. 


See Detailed Estimates of expenditure for 2012-2013 fiscal year Jamaica 2012-2013 Estimates of Expenditure