Jamaica Introduces 2022/2023 Fiscal Budget
March 8, 2022 | Vision Newspaper |
For the FY 2022/23 fiscal year, the Central Government plans to spend a total of $912 billion, comprised of: Non-Debt Expenditure: $604.5 billion. Debt Service Expenditure: $307.5 billion. TOTAL: $912.0 billion
$40 billion has been allocated for public sector pension payments.
We continue to allocate the largest share of our budget, outside of interest, to education. $122 billion is allocated to education in the upcoming fiscal year.
$93.1 billion is allocated to the Ministry of Health including $10.6 billion for drugs and medical supplies. $92.4 billion is allocated to the Ministry of National Security.
$1.8 billion is being allocated to facilitate the continuation of: (i) GOJ’s Broadband Initiative – $1.0 billion; and (ii) the Tablets in School Programme.
SOURCE @NigelClarkeJA
Alwin Marshall-Squire is the Editor-in-Chief of S-Q Publications Inc., overseeing editorial strategy for GTA Weekly, GTA Today, and Vision Newspaper. He leads the publications’ mission to deliver bold, original journalism focused on the people and communities of the Greater Toronto Area, Canada, and the global Caribbean diaspora.
Also writes for GTA Weekly and GTA Today.
