THE People’s National Party administration has slashed the spending plan put forward by the previous government by $22,395,189 billion. The second Supplementary Estimates tabled in Parliament this afternoon shows that the previous $546,797,211 billion budget is now $525,245,740 billion.
Finance Minister Dr Peter Phillips had indicated earlier this month that the budget would be revised downward due to the fiscal constraints the country is now experiencing.
Consequently several agencies have seen cuts in their recurrent and capital budgets.
Included in that is a $50 million cut in the recurrent budget of the customs department, a $53.1 million cut in the recurrent budget of the Tax Administration of Jamaica, an over $1.5 billion chop in the recurrent budget of the Police Department and a $102.904 million cut in the recurrent budget of the Department of Correctional Services
