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TAXATION BULLETINBUDGET & REVENUE MEASURES 2014/2015
An independent member of UHY InternationalYour Business Our Focus
CONTENTS
1 – Jamaica 2013/14 Budget Highlights
32 – Top 5 Ministries base on Budget Allocation
3 – PROVISION FOR INFRASTRUCTURAL DEVELOPMENT4 – ECONOMIC REFORM PROGRAMME5 – REVENUE MEASURES APPENDICES:
4
59
10
Your Business Our Focus
1 – JAMAICA 2014/15BUDGET HIGHLIGHTS
The Hon. Peter Phillips, Minister of Finance & Planning presented to Parliament the
Government’s plan to fund the 2014-15 Expenditure Budget of J$539.3 billion.
He noted that the budget for FY 2014/2015 is consistent with the targets set
under the extended fund facility EFF negotiated with the IMF and that Expenditure has to be controlled and kept in line with the country's ability to fund government's operations.
In his presentation he identified the following as essential for growth:
easy access to affordable credit,'
efficient ,facilitative government institutions supportive of investments;
a legal system that resolves disputes impartiallyand speedily; and,
a society which will view positively and reward those who achieve successful
business investments.
Expenditure Summary
Your Business Our Focus
Recurrent Expenditure(Government of
Projects)
Multi/BilateralProjects)
Total Capital(Recurrent and Capital
)
Expenditure Summary
Total Expenditure (Recurrent and Capital )
Total Capital Expenditure (A +B)
CAPITAL B (Funded by Multi/Bilateral Projects)
CAPITAL A (Government of Jamaica Funded Projects)
Recurrent Expenditure
J$- J$200,000,000,000.00 J$400,000,000,000.00 J$600,000,000,000.00
C
APITAL
A
CAPIT
AL B
(Fund
ed by
Total
Expen
diture
Jamaica Funded Expenditure (A +B)
2013/2014 J$358,371,026,000.00 J$120,076,055,000.00 J$22,262,746,000.00 J$142,338,801,000.00 J$500,709,827,000.00
2014/2015 J$404,654,188,000.00 J$109,258,039,000.00 J$25,440,043,000.00 J$134,698,082,000.00 J$539,352,270,000.00
2 – T O P 5 M IN IS T R I E S B A S E
O N B U D G E T A L L OCA T I ON
TO P 5 M IN IST R IESJ$600,000,000,000.00
J$500,000,000,000.00J$400,000,000,000.00J$300,000,000,000.00J$200,000,000,000.00J$100,000,000,000.00
J$-
RECURRENT CAPITAL A CAPITAL B TOTAL
The Ministry of Finance to the 2014/2015 Budget Allocation accounting for J$267.6 Billion of the Total Budgetof J$539.3 Billion. Debt Servicing represents J$233 Billion of the J$267.6 Billion granted to the Ministry ofFinance.
Your Business Our Focus
TOTALMinistries Total Estimates for FY 2014/2015
Ministry of Finance J$ 267,613,863,000.00Ministry of Education J$ 80,364,693,000.00
Ministry of Health J$ 35,674,344,000.00Ministry of National Security J$ 16,542,831,000.00Ministry of Transport, Works and Housing J$ 16,527,918,000.00OTHER MINISTRIES J$ 122,628,621,000.00
Total J$ 539,352,270,000.00
3 – P R O V I S I O N
F O R I N F R A S T R U C T
U R A L D E V E L O P M E
N TCentral Government Capital Budget
• Over $8bn or approximately 23% of the Central Government Capital Budget has been reserved forinfrastructural works to be carried out through the Ministry of Transport Housing and Works during2014/2015. Some of the major projects which will be undertaken include:
$4bn for the Major Infrastructural Project (MIDP)funded by China EXIM Bank to undertakereconstruction of bridges; commence rehabilitation of main roads and through the JEEP, to repairworks on community roads, retaining walls and drainage structures.
$1.7bn for The Jamaica Economical Housing Project to complete works in St Ann and LuanaGardens in St Elizabeth;
$689.7m complete the drainage rehabilitation works remaining on the Sandy Gully under theKingston Metropolitan Area Drainage Project
$689.73m to the Transportation Infrastructure Project to complete road construction inWestmoreland, Hanover, St Thomas, and St Catherine
$494m to the Road Rehabilitation Project, to commence road construction works inClarendon
$273m to the Road Improvement Programme, to undertake maintenance of the North CoastHighway and upgrade of traffic signals at select intersections
Your Business Our Focus
3 – P R O V I S I O N F O R
I N F R A S T R U C T U
R A L D E V E L O P M
E N TPUBLIC BODIES CAPITAL BUDGET
The Capital Expenditure included in the Central Government's budget will be enhanced by theInvestment and Capital Expenditure of other public bodies.• Investment infrastructure and other capital projects of the public bodies are estimated at $53.9 billion.
ROADS
• Approximately $1.6 billion will be spent on road rehabilitation by the road maintenance fund.
Your Business Our Focus
3 – PROVISION FORINFRASTRUCTURALDEVELOPMENT
HOUSING
• Approximately $26.3 billion will be spent on housing solution by both the NationalHousing Trust (NHT)and the Housing Agency of Jamaica (NAJ).
• The National Housing Trust expenditure of $22.4 billion would result in the creation of7678 new loans;
• 2465 housing starts and 2163 completion.
•In addition to these housing solutions, NHT has provided for $971 billion to support aprogram for special subsidies and grants to facilitate access by contributors in the lower income bracket.
•Housing Agency of Jamaica is expected to spend $2.9billion to work on White Hall- Phasein Westmoreland, Boscobel in St. Mary and Luana Gardens in St. Elizabeth.
3
Your Business Our Focus
3 – PROVISION FORINFRASTRUCTURALDEVELOPMENT
WATER
• The National Water Commission capital programme is estimated at $6.3 billion of which $1. 9billion will be spent on non revenue water relieve stations, pipeline and installation of residential and domestic metres.
• The Rural Water Supply Project will benefit from an expenditure of $1.8 billion.
$0.8 billion will be spent on the PORTMORE Sewage Project and the Tanks and Pump Projectwill get another $1 billion.
Your Business Our Focus
4 – ECONOMIC
PROGRAMMEREFORM
The Economic Reform Programme since last year includes quantitative andb e n c h m a r k s . Some of the legislative achievements includes :
amended the Administration Act to strengthen tax administration by providing,other things, access to third party information and requiring
mandatory e-filing for certain types of tax payers and for certain taxes;
Secured Interest in Personal Property Act to enhance access to credit
especially for non-traditional businesses, such as those in the creative
industries and cultural sector and in agriculture;
Charities Act and harmonized the treatment of Charities across tax types,
in addition to removing ministerial discretion for granting of waivers for
charities and charitable purposes;
Fiscal Incentives Legislation which has lowered the effective tax rate f o r
business o p er at or s
Amendments to the Financial Administration and Audit Act and the Public
Bodies Management Act which strengthened the legally binding
fiscal rules to ensure a sustainable budget balance and debt reduction.
Amendments to the Securities Act to include provisions which seek to
combat the establishment and proliferation of unlawful financial
organizations and implemented a legal and regulatory framework conducive
to the operation of Collective Investment Schemes;
Your Business Our Focus
5 – REVENUEMEASURES
The Government announced revenue measures amounting to J$6.68 Billionfor the Fiscal Year 2014/2015. The details are as follows:
1. Modification of the alcohol regime to unify the Specific SCT on all alcoholicbeverages
a) House Members are being asked to recall that the tax regime for alcoholhas been subject to systematic modification since 2010, when beers and stouts were distinguished from other alcoholic beverages. In 2010, the taxation of alcoholic beverages, with the exception of White Over-proof Rum, was amended from an ad valorem rate of thirty per cent to a specific rate per litre of pure alcohol (l.p.a), with a higher rate being accorded to beers and stouts. At the time the rate for beers and stouts was determined at $1,120 per I.p.a and for all other alcoholic beverages (except White Over proof Rum) at $960 per I.p.a..
b) The regime was subsequently amended in 2012 to provide for WhiteOver-proof rum to be taxed at the rate of $960 per I.p.a,the same rate as other non beer/stout alcoholic beverages.
c) The modified regime at the time also provided for a concessionary ratefor tourism entities, of $450 per I.p.a,which was later supplanted by a rate of $700 per I.p.a in FY2012/2013.
d) Based on Government commitment to provide for a standard rate oftaxation and to reduce any existing anomalies, it is being proposed that a single specific SCT rate based on alcohol content be applied across the board.
e) The recommended rate is $1,120.00per I.p.a.
Estimated
Revenue Gain $0.844 billion. The effective date for implementation
isApril 22, 2014.
Your Business Our Focus
5 – REVENUEMEASURES
2. Increase in the age limit of second sale vehicles on which GCT will beapplicable. Whilst maintaining t h e rates
a) The House is advised that the proposal to increase the age limit of secondhand sale vehicles to which GCT is applicable from eight (8) years to ten(10) years was extensively discussed at the tax sub-committeeParliament and was agreed to by the Parliamentary Committee.
of
b) The current r a t e s , which were i n i t i a l l y a m e n d e d in FY 2012/2013,outlined in Table I will remain unchanged.
as
Table I: GCT Rates to be Retained for Second Sale Vehicles.To be applicable to Vehicles ten (10) years and under
Motor CarsMotors
Motors
Motors
Cars (cc rating
Cars (cc rating
Cars (cc rating
0 - 1999 cc)
2000 cc - 2999 cc)
3000 & upwards)
$10,000.00
$15,000.00
$20,000.00
Motor Trucks (cwt)
Trucks - 0 - 30
Trucks - 31-60
Trucks above 61 and up
$10,000.00
$10,000.00
$25,000.00
Estimated Revenue Gain $0.026 billion. The effective date for implementation isApril I, 2014.
11
5 – REVENUEMEASURES
3. Levy on withdrawals from deposit-taking institutions and encashments fromsecurities dealers
a) As a part of RevenueMeasures FY2014/2015, the House is being asked toapprove the introduction of a levy on withdrawals from deposit-taking institutions and encashmentsfrom securities dealers.b) This levy will be chargeable on all withdrawals from deposit takinginstitutions by means of :-
i.ii. iii. iv. v.
Electronic banking (e-anking),Point of Sales(POS), Cheques,Withdrawals - ABM/ATM/ETM or over the counter and;Internet transfers (with the exception of transfers
between accounts of the same person in the same financial institution.)
c) This levy will also be charged on all encashments from securities dealers,whether partial or in full. An encashment is defined as each payment made by a licensed securities dealer to, or on the instruction of, any of its account holders arising from the full or partial encashment of (or other withdrawal of funds from) the account holders' account with the licensed securities dealers.d) It is proposed that a minimal ad valorem levy as detailed in table II becharged on the value of each withdrawal (as defined above) from deposit•taking institutions and securities dealers.
12
5 – REVENUEMEASURES
Table D: Levy Rates on Withdrawals from depositsecurities dealers
Value of Transaction
taking Institutions and
Levy Rate
Less than One (1) Million Dollars
0.1%
One (1) Million to Five (5) Million Dollars 0.09%
Greater than Five (5) Million - Less thanDollars
Twenty (20) Million 0.075%
Greater than Twenty (20) Million Dollars 0.05%
e) The House is being asked to note that for withdrawals of $1,000; $5000
and $10,000 the associated tax payable would be $1.00, $5.00 and $10.00 respectively.The House is advised that a similar tax has been introduced in a numberof countries. Included in this listing are Argentina, Brazil, Peru, andColumbia.
f)
g) The tax will be collected by the financial institutions and paid over on amonthly basis to the Tax Administration Jamaica. The financial institutions will be required to file the requisite returns to Tax Administration Jamaica (TAJ) and report to the relevant regulator, detailing the value and volume of the these transactions.
Estimated Revenue Gain $2.25 billion. The effective date for implementationis June 1, 2014.
13
5 – REVENUEMEASURES
4. Increase in premium tax for regionalized and non-regionalized LifeAssurance companies
a) The House is advised that regionalized and non-regionalized LifeAssurance companies are required to pay as per Section 48 of the Income Tax Act a rate of 3.0 and 4.0 per cent, respectively of gross premiums earned per year.
b) The proposal seeks to provide for a unified rate of 5.5%, which wouldresult in an increase by 2.5 and 1.5 percentage points for regionalized and non-regionalized companies respectively.
Estimated Revenue Gain $0.276 billion.The tax will be applicable for theassessment 2014 in relation to the first four months will be charged
remaining eight (8) months of year ofstatutory Income for the said year. The at the old rate of tax. There after the
increased rate will be effective for every subsequent year of assessment.
5. Increase in Investment Tax for insurance companies
a) The House is reminded that throughout the reform initiatives, taxation in
respect to insurance companies have remained unchanged.
b) In the aim of providing for a unified taxation rate, it is being proposedthat this be increased by five percentage points to twenty percent (20%).
Estimated Revenue Gain $0.701 billion.
The tax will be applicable for theassessment 2014 in relation to the first four months will be charged
remaining eight (8) months of year ofstatutory Income for the said year. The at the old rate of tax. There after the
increased rate will be effective for every subsequent year of assessment.
14
5 – REVENUEMEASURES
6. Increase in the Asset Tax
a) The House is advised that the modified asset tax was introduced in FY2012/2013. The following increase is being proposed :-
(1) For the specified entities regulated by the Bank of Jamaica (BOJ)andthe Financial Services Commission (FSC).(i.e. comprising Deposit TakingInstitutions (OTIs),Insurance companies and Security Dealers),the rate of0.14 per cent applied to the taxable value of the assets will be increased to 0.25 per cent.(2) For other entities, the new tax rates to be payable in accordance withthe schedule set out in the table below. The House is being asked to note however that the last two (2) categories, which represent micro and small businesses,the rates remain unchanged. This is also shown in table ill:Table DI: Proposed Rates for "Other
Entities"(not regulated by the BoJ or FSC)Asset Value Annual Tax (J$)
At least $50M 200,000
At least SSM but less than $50M 150,000
100,000At least $500,000 but less than $5M
RATES FOR THE FOLLOWING CATEGORIES REMAIN
At least $50,000 but less than $500,000
UNCHANGED
Less than $50,000
b) The House is advised that the tax remains an annual tax with filing/duedate of March 15. The tax is not allowable as a deduction under theIncome Tax Act.
Estimated Revenue Gain $1.788 billion. The tax is effective as per year ofassessment.
15
5 – REVENUEMEASURES
7. Modification of the duty regime for specified motor vehicles
a) The House is being asked to recall that via Ministry Paper No. 32, duringFY 2012/2013, there was an increase in the rates of select list C items, by ten percentage points in order to meet revenue needs.b) Based on GoJ commitment to rate reduction, the following changes areproposed:-
Reduction of the customs duty (CET)rate by ten percentage
(i)points for vehicles 2000 cc and above, a
to 20%.
reduction from 30%
(ii) Modification of SCT rates by ten percentage points for petrol\ diesel vehicles over 3500 cc and Hybrid vehicles asbelow:-
per Table IV
Table IV: Changes in the SCT Rates (Petrol and Diesel Vehicles) Description of Current Rate
Dealer Rates
30 % (petrol)23 % (diesel)
0%
Proposed RateVehicles
20 % (petrol)13 % (diesel)
10%
Exceeding 3500 cc (Diesel and Petrol)
Hybrid
Individual Rates
40% (petrol)30% (diesel)
0%
30% (petrol)20% (diesel)
10%
Exceeding 3500 cc (Diesel and Petrol)
Hybrid
Estimated Revenue Gain $0.250 billion. The effective date for implementation
is
May 1, 2014.
16
5 – REVENUEMEASURES
8. Re-directing of SCT from Road Maintenance Fund to Central Government
a) The House of Representatives is reminded that a decision was
previously taken to provide for a portion of the proceeds from the SCT
on petrol to be allocated to the Road Maintenance Fund (RMF).This
allocation was to be solely directed toward servicing of the US$340mn
guaranteed debt from China Exim Bank.
b) In its commitment to prudent debt management, the GoJ is seeking toprovide for consolidated debt servicing through the Central
Government budget. The amounts that would have been allocated
tothe RMF will be held by the GoJ and one single debt payment
made in respect to the outstanding loans to China.
c) It is estimated that the portions from the SCTbe redirected from the
RMFto Central Government would be valued at J$1.2 billion.
9. Increase Annual General Personal Income Tax (PIT)Threshold
a) The House is being asked to recall that the annual general personalIncome tax (PIn threshold was adjusted via the FY2012/13 Ministry Paper, which resulted in the current threshold being $507,312.00.
b) An increase in the annual general PIT threshold from $507,312 to$557,232 (up by $49,920). The movement of the threshold will result in approximately 12,823 persons falling outside of the tax base.Estimated Revenue Loss J$(O.650) billion. The effective date for implementation is
January 1, 2015.
17
5 – REVENUEMEASURES
SUMMARY OF 2014/2015 REVENUE MEASURES
Description of Revenue Measures Revenue Impact
$ BillionModification of the alcohol regime to unify the
Specific SeT on all alcoholic beverages - ($1,120)
Increase in age limit of second salevehicles on which GCTwill be applicable (from 8 to 10 years) levy on withdrawals from deposit-taking institutions and encashmentsfrom securities dealersIncrease in premium tax for regionalized and non- regionalized life Assurancecompanies. (Up to5.5%)
1.
$ 0.844
2.
$ 0.026
3.
$ 2.250
4.
$ 0.276
Investment tax for insurance companies (up to
20%)Increase in Asset TaxModification of duty regime for specified motor vehiclesRedirecting of portion of SCTfrom the Road Maintenance Fund to Central Government Increased Annual GeneralPITThreshold ($557,232)
5.$
$0.701
1.7886.
7.$ 0.250
8.
$ 1.200
$ (0.650)9.
TOTAL $ 6.68Billion
18
6 – APPENDICES:
Recurrent Expenditure Capital A Capital B
Recurrent (Government of
Projects)
CAPITAL B (Funded
Projects)Total Capital
Total Expenditure
Capital )
Expenditure Summary
Total Expenditure (Recurrent and Capital )
Total Capital Expenditure (A +B)
CAPITAL B (Funded by Multi/Bilateral Projects)
CAPITAL A (Government of Jamaica Funded…
Recurrent Expenditure
J$- J$200,000,000,000.00J$400,000,000,000.00J$600,000,000,000.00
CAPITAL A
Expenditure Jamaica Funded by
Multi/Bilateral Expenditure (A
+B) (Recurrent and
2013/2014 J$358,371,026,000. J$120,076,055,000. J$22,262,746,000.0 J$142,338,801,000. J$500,709,827,000.2014/2015 J$404,654,188,000. J$109,258,039,000. J$25,440,043,000.0 J$134,698,082,000. J$539,352,270,000.
2014-2015 Jamaica Budget
5
Head No. and Title StatutoryGross
Expenditure to be Voted
Appropriations in Aid
Net Expenditure to be Voted
Net provisions in Estimates (Including Statutory )
0100 His Excellency the Governor-General andStaff
0200 Houses of Parliament
0300 Office of the Public Defender
0400 Office of the Contractor-General
0500 Auditor General
0600 Office of the Services Commissions
0700 Office of the Children's Advocate
0800 Independent Commission of Investigations
1500 Office of the Prime Minister
1510 Jamaica Information Service
Total Office of the Prime Minister
1600 Office of the Cabinet
1649 Management Institute for National Development
Total Office of the Cabinet
1700 Ministry of Tourism and Entertainment
2000 Ministry of Finance and Planning
2011 Accountant General
2012 Jamaica Customs Agency
2018 Public Debt Servicing (Interest Charges)
2019 Pensions
2056 Tax Administration Jamaica
Total Ministry of Finance and Planning
2600 Ministry of National Security
2622 Police Department
2624 Department of Correctional Services
2653 Passport, Immigration and Citizenship Agency
Total Ministry of National Security
2800 Ministry of Justice
2823 Court of Appeal
2825 Director of Public Prosecutions
2826 Family Courts
2827 Resident Magistrates' Courts
2828 Revenue Court
2829 Supreme Court
2830 Administrator General
2831 Attorney General
105,759.0 64,547.0 - 64,547.0 170,306.0
9,224.0 752,094.0 - 752,094.0 761,318.0
8,537.0 66,916.0 - 66,916.0 75,453.0
8,431.0 220,753.0 - 220,753.0 229,184.0
5,583.0 532,915.0 10,000.0 522,915.0 528,498.0
5,849.0 173,729.0 - 173,729.0 179,578.0
- 99,309.0 - 99,309.0 99,309.0
- 334,258.0 - 334,258.0 334,258.0
-
-
3,021,305.0
383,257.0
416,981.0
62,424.0
2,604,324.0
320,833.0
2,604,324.0
320,833.0
- 3,404,562.0 479,405.0 2,925,157.0 2,925,157.0
-
-
344,607.0
333,428.0
-
194,299.0
344,607.0
139,129.0
344,607.0
139,129.0
- 678,035.0 194,299.0 483,736.0 483,736.0
- 3,764,122.0 2,229,050.0 1,535,072.0 1,535,072.0
-
-
-
132,669,123.0
18,494,432.0
-
32,526,214.0
491,286.0
4,464,953.0
-
6,565,691.0
4,857,756.0
-
-
2,403,953.0
-
-
-
32,526,214.0
491,286.0
2,061,000.0
-
6,565,691.0
4,857,756.0
32,526,214.0
491,286.0
2,061,000.0
132,669,123.0
25,060,123.0
4,857,756.0151,163,555.0 48,905,900.0 2,403,953.0 46,501,947.0 197,665,502.0
-
-
-
-
13,471,229.0
28,942,246.0
4,917,859.0
1,540,081.0
140,000.0
300,000.0
35,000.0
1,224,893.0
13,331,229.0
28,642,246.0
4,882,859.0
315,188.0
13,331,229.0
28,642,246.0
4,882,859.0
315,188.0
- 48,871,415.0 1,699,893.0 47,171,522.0 47,171,522.0
-
97,892.0
6,530.0
-
-
-
374,315.0
-
-
1,033,378.0
75,246.0
263,889.0
186,716.0
1,134,577.0
2,621.0
487,700.0
319,379.0
529,375.0
117,450.0
-
-
-
-
-
-
140,379.0
-
915,928.0
75,246.0
263,889.0
186,716.0
1,134,577.0
2,621.0
487,700.0
179,000.0
529,375.0
915,928.0
173,138.0
270,419.0
186,716.0
1,134,577.0
2,621.0
862,015.0
179,000.0
529,375.0
Statutory provisions and Provisions to be Voted
$’000
Recurrent
2014-2015 Jamaica Budget
6
Head No. and Title StatutoryGross
Expenditure to be Voted
Appropriations in Aid
Net Expenditure to be Voted
Net provisions in Estimates (Including Statutory )
2832 Trustee in Bankruptcy
2833 Office of the Parliamentary Counsel
2852 Legal Reform Department
2854 Court Management Services
Total Ministry of Justice
3000 Ministry of Foreign Affairs and Foreign Trade
4000 Ministry of Labour and Social Security
4100 Ministry of Education
4200 Ministry of Health
4220 Registrar General's Department and IslandRecords Office
4234 Bellevue Hospital
4235 Government Chemist
Total Ministry of Health
4500 Ministry of Youth and Culture
4551 Child Development Agency
Total Ministry of Youth and Culture
5100 Ministry of Agriculture and Fisheries
5300 Ministry of Industry, Investment andCommerce
5338 The Companies Office of Jamaica
Total Ministry of Industry, Investment andCommerce
5600 Ministry of Science, Technology, Energy andMining
5639 Post and Telecommunications Department
Total Ministry of Science, Technology, Energy and Mining
6500 Ministry of Transport, Works and Housing
6550 National Works Agency
Total Ministry of Transport, Works andHousing
6700 Ministry of Water, Land, Environment andClimate Change
6746 Forestry Department
6747 National Land Agency
6748 National Environment and Planning Agency
Total Ministry of Water, Land, Environment and Climate Change
7200 Ministry of Local Government andCommunity Development
Total Recurrent
-
-
-
-
43,647.0
80,708.0
47,537.0
203,407.0
-
-
-
-
43,647.0
80,708.0
47,537.0
203,407.0
43,647.0
80,708.0
47,537.0
203,407.0
478,737.0 4,408,180.0 257,829.0 4,150,351.0 4,629,088.0
- 3,137,002.0 136,653.0 3,000,349.0 3,000,349.0
- 2,872,746.0 610,000.0 2,262,746.0 2,262,746.0
- 78,742,324.0 450,000.0 78,292,324.0 78,292,324.0
-
-
-
-
34,971,273.0
753,519.0
1,174,686.0
28,479.0
200,352.0
753,519.0
-
-
34,770,921.0
-
1,174,686.0
28,479.0
34,770,921.0
-
1,174,686.0
28,479.0
- 36,927,957.0 953,871.0 35,974,086.0 35,974,086.0
-
-
1,817,413.0
1,847,732.0
18,413.0
1,860.0
1,799,000.0
1,845,872.0
1,799,000.0
1,845,872.0
- 3,665,145.0 20,273.0 3,644,872.0 3,644,872.0
- 4,442,647.0 914,432.0 3,528,215.0 3,528,215.0
-
-
1,839,065.0
330,140.0
74,607.0
330,140.0
1,764,458.0
-
1,764,458.0
-
- 2,169,205.0 404,747.0 1,764,458.0 1,764,458.0
-
-
2,984,218.0
1,906,278.0
65,255.0
360,000.0
2,918,963.0
1,546,278.0
2,918,963.0
1,546,278.0
- 4,890,496.0 425,255.0 4,465,241.0 4,465,241.0
-
-
5,156,197.0
1,693,994.0
2,307,543.0
1,179,355.0
2,848,654.0
514,639.0
2,848,654.0
514,639.0
- 6,850,191.0 3,486,898.0 3,363,293.0 3,363,293.0
-
-
-
-
1,249,204.0
475,438.0
1,525,668.0
725,820.0
117,342.0
3,700.0
1,120,000.0
49,484.0
1,131,862.0
471,738.0
405,668.0
676,336.0
1,131,862.0
471,738.0
405,668.0
676,336.0
- 3,976,130.0 1,290,526.0 2,685,604.0 2,685,604.0
- 9,228,343.0 343,024.0 8,885,319.0 8,885,319.0
151,785,675.0 269,178,921.0 16,310,108.0 252,868,813.0 404,654,488.0
Statutory provisions and Provisions to be Voted
$’000
Recurrent
2014-2015 Jamaica Budget
7
Head No. and Title StatutoryGross
Expenditure to be Voted
Appropriations in Aid
Net Expenditure to be Voted
Net provisions in Estimates (Including Statutory )
Statutory provisions and Provisions to be Voted
$’000
Recurrent
2014-2015 Jamaica Budget
2013-2014 2013-2014 Expenditure,
3
1500A Office of the Prime Minister
1600A Office of the Cabinet
2000A Ministry of Finance and Planning
2600A Ministry of National Security
2800A Ministry of Justice
4000A Ministry of Labour and Social Security
4100A Ministry of Education
4200A Ministry of Health
4500A Ministry of Youth and Culture
5100A Ministry of Agriculture and Fisheries
5300A Ministry of Industry, Investment and Commerce
5600A Ministry of Science, Technology, Energy and Mining
6500A Ministry of Transport, Works and Housing
6700A Ministry of Water, Land, Environment and Climate Change
7200A Ministry of Local Government and Community Development
Total Capital A
- 1,088,337.0 1,087,304.0 1,079,580.0
- - 1,000.0 30,000.0
100,775,344.0 109,829,133.0 111,818,967.0 197,885,655.0
2,172,245.0 1,592,172.0 1,956,381.0 856,511.0
445,000.0 121,675.0 300,000.0 223,500.0
- - - 650,000.0
615,000.0 216,000.0 516,530.0 497,217.0
- 6,500.0 20,000.0 10,000.0
- 85,000.0 85,000.0 336,065.0
1,863,450.0 2,062,723.0 2,256,518.0 1,984,351.0
- 86,921.0 113,630.0 35,000.0
287,000.0 317,225.0 627,207.0 606,856.0
3,100,000.0 3,933,587.0 4,453,189.0 6,261,178.0
- 390,867.0 401,580.0 377,331.0
- 345,915.0 375,915.0 495,000.0
109,258,039.0 120,076,055.0 124,013,221.0 211,328,244.0
Head No. and TitleEstimates,2014-2015
Revised Approved ActualEstimates, Estimates, (Provisional)
2012-2013
Estimates of Expenditure (Net ofAppropriations-In-Aid)
$’000
Capital A(Government of Jamaica Funded Projects)
2014-2015 Jamaica Budget
4
Head No. and Title
Estimates,2014-2015
Revised Approved ActualEstimates, Estimates, (Provisional)2013-2014 2013-2014 Expenditure,
2012-2013
1500B Office of the Prime Minister
1600B Office of the Cabinet
1700B Ministry of Tourism and Entertainment
2000B Ministry of Finance and Planning
2600B Ministry of National Security
2800B Ministry of Justice
3000B Ministry of Foreign Affairs and Foreign Trade
4000B Ministry of Labour and Social Security
4100B Ministry of Education
4200B Ministry of Health
4500B Ministry of Youth and Culture
5100B Ministry of Agriculture and Fisheries
5300B Ministry of Industry, Investment and Commerce
5600B Ministry of Science, Technology, Energy and Mining
6500B Ministry of Transport, Works and Housing
6700B Ministry of Water, Land, Environment and Climate Change
7200B Ministry of Local Government and Community Development
Total Capital B
Total Capital (A + B)
Grand Total Recurrent and Capital
1,651,841.0 1,916,645.0 1,885,335.0 1,851,869.0
278,928.0 142,189.0 168,180.0 203,210.0
14,392.0 5,530.0 11,753.0 -
1,643,182.0 1,237,428.0 1,122,811.0 367,307.0
1,039,357.0 1,329,693.0 1,482,476.0 1,199,357.0
357,903.0 201,406.0 230,000.0 205,526.0
75,000.0 42,082.0 134,172.0 43,000.0
5,544,504.0 4,696,053.0 4,887,152.0 3,742,605.0
1,457,369.0 1,510,518.0 1,730,686.0 1,711,094.0
903,423.0 548,205.0 714,370.0 1,613,035.0
173,678.0 203,905.0 248,864.0 255,961.0
505,888.0 569,516.0 622,573.0 1,326,251.0
3,800.0 49,350.0 - 1,044.0
800,298.0 514,347.0 636,353.0 381,260.0
10,579,264.0 8,282,023.0 11,267,911.0 9,146,808.0
279,973.0 938,239.0 1,065,904.0 1,379,223.0
131,243.0 75,617.0 180,506.0 41,786.0
25,440,043.0 22,262,746.0 26,389,046.0 23,469,336.0
134,698,082.0 142,338,801.0 150,402,267.0
520,886,579.0
234,797,580.0
539,352,570.0 500,709,827.0 602,531,232.0
Estimates of Expenditure (Net ofAppropriations-In-Aid)
$’000
Capital B(Multilateral / Bilateral Projects)
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