|Listen to Live Jamaican Radio, Listen to Power 106 FM 24x7. Click Here to Listen Free | (Advertisement)|
Gov't facing major arrears
2013-02-06 13:22:25 | (0 Comments)
Edmond Campbell, Senior Staff Reporter
Significant arrears amounting to more than $4 billion are posing a major risk to the Government's fiscal programme.
Financial Secretary Devon Rowe who made the disclosure this morning noted that for some time there have been concerns in relation to the stock of arrears to suppliers of goods and services to the government.
Addressing Parliament’s Public Administration and Appropriation Committee (PAAC) this morning, Rowe said ministries, departments and agencies have accumulated arrears for more than 90 days within the region of $2.5 billion.
He said the regional health authorities are responsible for a significant part of the outstanding sum.
The financial secretary said the arrears include old debts for drugs and supplies owed by the health bodies.
He told the committee that is examining the first supplementary estimates of expenditure that the ministry of finance is taking steps to address the issue.
He said beginning in the new fiscal year, the government will start to liquidate the amount through annual payments.
Meanwhile, outstanding sums for street light owed by the local government is said to be affecting the central government fiscal programme.
Rowe told the PAAC that $1.6 billion was owed to the Jamaica Public Service (JPS).
He said the ministry was working with local government and the JPS to pay down on the outstanding sum in the next fiscal year.
FOR MORE STORIES WATCH
Like our new Facebook page http://www.facebook.com/gleanerjamaica
Follow us on Twitter http://twitter.com/JamaicaGleaner
Source: The Gleaner/Power 106 News
The opinions on this page do not necessarily reflect the views of The Gleaner. The Gleaner reserves the right not to publish comments that may be deemed libelous, derogatory or indecent. To respond to The Gleaner please use the feedback form.
Go- Jamaica: Home | Business Directory | Jobsmart | Chat | Gallery | Videos | Events