Estimated Budget Of $583 Billion Tabled For 2020/21



The Government is projecting to spend just under $853 billion for the financial year 2020/21.


The $852.7 billion Estimate of Expenditure for the coming Financial Year is six billion dollars less than it will spend this financial year, according to the Revised Supplementary Estimates for 2019/2020


Details of the projections are outlined in the Estimates of Expenditure, tabled in the House of Representatives, Tuesday, February 11, by Minister of Finance and the Public Service, Dr Nigel Clarke.


Of the $853 billion dollars, $778.4 is for Recurrent Expenditure (or housekeeping matters). Just over $74 billion is for the Capital Expenditure.


The Ministry of Finance and the Public Service gets $403 billion for recurrent expenses and $7.9 billion for Capital expenditure.


Franklin McKnight





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