The Minister presents Government’s expenditure and revenue estimates for parliamentary approval at the start of each financial year (April to March of the following year). They are organized by public service into what is termed Heads of Estimates, and reflect government’s development policies and priorities. The Budget is prepared under the direction of the Financial Secretary.
There are two accounts, the recurrent and capital accounts. The recurrent account represents the cost of maintaining the permanent administrative structure of government. The capital account is the cost of maintaining the national infrastructure, and implementing projects that enhance the country’s ability to pursue growth and development. Each ministry’s estimates are based on a corporate plan whose goals must be in harmony with the overall objectives of Government.
|Budget Calendar 2016/2017|
|Preparation of Second Supplementary Estimates||Monday, March 21 - Wednesday, March 23, 2016|
|Printing of Supplementary Estimates||Thursday, March 24 - Tuesday, March 29, 2016|
|Tabling of Second Supplementary Estimates||Tuesday, March 29, 2016|
|PAAC, Standing Finance Committee & Debate||Wednesday, March 30, 2016|
|Prorugation of House||Wednesday, March 30, 2016|
|Cabinet Retreat||Thursday, March 31 - Friday, April 1, 2016||Cabinet considers and approves and Medium Term Macro Economic/Fiscal Policy Framework and Expenditure Budget|
|Printing of Estimates||Thursday, April 7 - Wednesday, April 13, 2016|
|Final Cabinet Submission||Tuesday, April 12, 2016|
|Start of New Parliamentary||Thursday, April 14, 2016||
Opening of Parliament & Throne Speech
Tabling of Estimates of Revenue and Expenditure(CG & PBs) and supporting documents: Fiscal Policy Paper, Debt Estimates
|Approval of Estimates 2016/2017||Thursday, April 14, 2016 - Thursday, April 28, 2016||FPP Review by Auditor General(2 weeks)|
|Tuesday, May 3 - Wednesday, May 4, 2016||Standing Finance Committee (SFC)|
|Thursday, May 12, 2016||Honourable Minister of Finance & Public Service (HMFPS) Opens Debate of Appropriation Bill|
|Tuesday, May 17, 2016||Opposition Spokesperson on Finance(OSF)|
|Thurday, May 19, 2016||Leader of the Opposition(LO)|
|Tuesday, May 24, 2016||Honourable Prime Minister(HPM)|
|Wednesday, May 25, 2016||Honourable Minister of Finance & Public Service (HMFPS) Closes Debate of Appropriation Bill|
|Friday, May 27, 2016||Tabled and Discussed in Senate|
- Budget Presentations
Speeches and presentations to parliament each fiscal year
- Estimates of Expenditure
Allocations to the government ministries, departments and aganecies
- Debt Management Strategies
The Debt Management Strategy of the Government of Jamaica is an annual publication of the Ministry of Finance and the Public Service that provides information on the Government’s debt management objectives, policies, plans and strategies for the fiscal year and the medium term.
- Memoranda on the Budget
The Budget Memorandum provides a summary review of the macroeconomy, the performance of Central Government’s Budget in the immediate past FY as well as the aims/objectives of the new Central Government Budget. It also reviews the activities of the Public Sector Entities and the Selected Projects performance. Debt and Capital Market developments are also provided. Other reviews are provided in Appendices I-IV covering Public Sector Establishment, Public Service Reform, Developments in the Financial Sector and Tax Administration.