Lawmakers on Monday night approved the Estimates of Revenue and Expenditure for the 2017 fiscal year, of 976-million, 943-thousand 437 dollars, which represents a 7 percent increase over the approved Budgetary Estimates for 2016.
The 2017 Budgetary Estimates comprises Recurrent Expenditure inclusive of Amortization and Sinking Fund Contributions of 747 million, 376 thousand, 387 dollars, and Capital Expenditure of 229 million, 567 thousand and 50 dollars.
The Budget is financed by Current Revenue of 590-million, 740-thousand, 680 dollars and Capital Receipts totaling 368 million, 202 thousand, 757 dollars. The Current Expenditure is 601.747million.
The approval of the estimates paves the way for the Budget presentation on Monday February 6.
The Budget session will start at 4:00pm and will be preceded by the Throne Speech from Governor General Sir Frederick Ballantyne, who will declare the Second Session of the Tenth Parliament Open.