$912 BILLION BUDGET SET FOR RECOVERY, REFORM AND RESTORATION
Minister of Finance and the Public Service, the Hon. Nigel Clarke, DPhil, MP, displays the updated/redesigned banknotes during the Opening Budget Presentation held at Gordon House on Tuesday, March 8, 2022.
Minister of Finance and the Public Service, Hon. Nigel Clarke, DPhil., MP opened the 2022/23 Budget Debate at Gordon House on Tuesday, March 8, 2022 to outline how the Government of Jamaica (GOJ) plans to use the estimated $912 billion budget to recover, reform and restore the Jamaica economy through various policies and programmes.
The budget for the upcoming financial year encompasses an allocation of $539.5 billion towards Recurrent Expenditure, $307.5 billion to Public Debt Servicing and $65.1 billion to Capital Expenditure, meanwhile, the Revenue and Grants are estimated at $749.8 billion. The presentation highlighted the following for the upcoming fiscal year : •
4
Through the Ministry of Labour and Social Security, the GOJ is partnering with the Jamaica Red Cross, Food for the Poor, Council for Voluntary Social Services, Adventist Relief Association, and several other NonGovernmental Organisations to identify persons in need, who are not already on the PATH Programme, at a cost of $200 million. Qualified families are set to receive a one-off grant of $10,000 to assist in covering their food expenses.
In sider
