Thursday 12 December, 2019

Tobago budget: THA requests $4.5B

The Tobago House of Assembly (THA) is requesting a total of $4.5 billion from Central Government for its fiscal 2019 budget.

THA Secretary of Finance and Economy Joel Jack made the budget proposal as he delivered his budget presentation on Monday.

Jack noted that the budget focused on several areas including economic expansion, diversification, tourism and housing.

 

Breakdown of recurrent estimates for fiscal 2019: $3.2B

The THA Secretary of Finance and Economy noted that the recurrent estimates for fiscal 2019 totals $3.2B. This, he said represents an increase or $40.7M from last year’s request.

 

Personal Expenditure: $901.2 M

Goods and Services: $1.0B

Minor Equipment Purchases: $11.7M

Transfers and Subsidies: $1.3B

 

Breakdown of recurrent estimates by Division for fiscal 2019

The Division of Heath received the largest allocation-$756.3M.

 

Assembly Legislature: $26.1M

Office of the Chief Secretary: $233.3M

Finance and the Economy: $264.4M

Tourism, Culture and Transportation: $381.1M

Education, Innovation and Energy: $486.6M

Community Development, Enterprise Development and Labour: $123.2M

Infrastructure, Quarries and the Environment: $522.3M

Food Production Forestry and Fisheries: $312.5M

Health, Wellness and Family Development: $756.3M

Settlements, Urban Renewal and Public Utilities: $35.4M

Sport and Youth Affairs:  $97.0M

 

Breakdown of estimates for the Development Programme for fiscal 2019

Jack added that the estimates for the Development Programme for fiscal 2019 amount to $1.38B, representing a decrease of $328.4M from the estimates of 2018.

 

Pre-Investment: $25M

Productive Sectors: $15.5M

Economic Infrastructure: $663.7M

Social Infrastructure: $430.9M

Multi-sectoral and Other Services: $215.4M

 

 

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