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National budget jumps by $11 billion
2012-03-20 14:56:36 | (0 Comments)
Daraine Luton, Senior Staff Reporter
Sabrina Park under reconstruction in 2007 for the Cricket World Cup- Ian Allen/Photographer
The Jamaican Government has tacked on an additional $11.2 billion to the national budget.
A third supplementary estimates tabled in the House of Representatives this afternoon indicates that the budget has moved from $525.2 billion to $536.4 billion.
Recurrent expenses have increased by $3.2 billion and capital by $8 billion.
The lion's share of the capital expenditure is a $5 billion amount to settle arrears to Alcoa for the Jamalco operations.
There is also a $505 million allocation to settle outstanding claims on Sabina Park Development by Astrom Jamaica for Cricket World Cup 2007 arbitration.
Source: The Gleaner/Power 106 News
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