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FRIDAY,
FEBRUARY 01, 2019
VOLUME 113, No.05
by DAYLE DA SILVA SMALLER THAN LAST YEAR’S NUMBER, but nevertheless, government anticipates that it will record another surplus this year. Minister of Finance, Camillo Gonsalves, on Tuesday presented the 2019 Estimates of Revenue and Expenditure which amounted to EC$1,067,343,283, a 7.4 percent increase over last year’s figure of EC$993,535,449. But even with increased expenditure in some categories, Gonsalves told members of Parliament
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that this year’s budget realizes a modest surplus of EC$1,158,485, with current revenue estimated to be 5.6 percent, or $34.9 million more than the 2018 figure. This increase he attributes to an expected improved performance as a result of a
pick-up in real economic activity in 2019 and administrative improvements.
Improved tax collection expected The Recurrent
EC$1.50
Expenditure, inclusive of amortization and sinking fund contributions, amounts to EC$844,763,703 which was 8.7 percent higher than last year’s figure, and was made up of Current Expenditure - $655.4 million, amortization $137.4 million and sinking fund $51.9 million, Gonsalves said, adding that Capital Expenditure is EC$222,579,580. Continued on Page 3.
The protest line comprised teachers, civil servants, opposition NDP members and members of the public.
Camillo Gonsalves, Minister of Finance, delivering the Estimates of Revenue and Expenditure for 2019.
by WILLIAM ‘KOJAH’ ANTHONY on the picket line was concerned, but shortly after THE MORNING SESSION 3:00pm last Tuesday, the proceeded in slow fashion, as numbers increased in the far as the number of persons area in front of the Central
Market, opposite the House of Assembly, in capital city Kingstown. Continued on Page 3.