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.
- Estimates of Expenditure
Allocations to the government ministries, departments and agencies
- 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.
- Medium-Term Debt Management Strategy
- 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.
- Closing Budget Speech