JAMAICA-BUDGET-Government tables estimates for new budget
Feb 07, 2013
KINGSTON, Jamaica, CMC – The Portia Simpson Miller led administration has been forced to cut its spending this year by J$10 million (One Jamaica dollar = US$0.01 cents) as it grapples with lower than projected revenue inflows. The cuts were outlined in the revision that the government has made to its spending plans for the current fiscal year, which ends next month. The governments' spending plans had been under pressure this fiscal year, as it was getting less money than needed to carry out the spending. The cuts were tabled in the Parliament on Tuesday.
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