Govt plans to spend $1 t next fiscal year

If all goes according to plan, the government is looking to spend one trillion dollars, in the next fiscal year (2023/2024).


Finance Minister Dr. Nigel Clarke told parliament today that this trillion dollar budget is the first in Jamaica’s history.



He said the 2023/2024 expenditure includes funding to cover the public sector restructured compensation system and the Independent Fiscal Commission.



Dr. Clarke said public debt will end the fiscal year, at pre-Finsac levels.



He added that fiscal balance surplus is expected to be $9.9 b.





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