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PAAC to deliberate on new budgetary allocations in First Supplementary Estimates

Parliament's Public Administration and Appropriations Committee will on Wednesday deliberate on the First Supplementary Estimates of Expenditure tabled on Tuesday.
 
It shows an intention to spend $90 billion more than was originally expected. This increases the budget for the 2017/18 fiscal year from $715.6 billion to $805 billion.
 
Most of the increased spending, $69 billion, will go towards paying down the debt. Two billion dollars was allocated for an islandwide road repair programme.
 
It also includes $585 million allocated to purchase vehicles for the security forces and $30 million to be spent on getting the National Identification System ready for implementation.
 
The Estimates show an increase in the recurrent (housekeeping) expenses from $493.7 billion to $515.4 billion while capital (development) spending moved from $221.8 billion to $290 billion.


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