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1. YourBusinessOurFocus TAXATION BULLETIN BUDGET&REVENUEMEASURES2014/2015 An independent memberofUHY International
2. CONTENTS 1 –Jamaica2013/14BudgetHighlights 3 2 –Top 5Ministriesbase on BudgetAllocation 3 –PROVISION FOR INFRASTRUCTURALDEVELOPMENT 4 –ECONOMICREFORMPROGRAMME 5 –REVENUEMEASURES APPENDICES: 4 5 9 10 YourBusinessOurFocus
3. 1 –JAMAICA2014/15 BUDGETHIGHLIGHTS TheHon.PeterPhillips,MinisterofFinance&PlanningpresentedtoParliamentthe Government’splantofundthe2014-15ExpenditureBudgetofJ$539.3billion. Henotedthatthebudget forFY2014/2015isconsistentwiththetargetsset underthe extendedfund facilityEFFnegotiatedwith the IMFandthat Expenditurehastobecontrolledand kept inline with the country'sability tofund government'soperations. Inhispresentationheidentifiedthefollowingasessentialforgrowth:    easy accesstoaffordable credit,' efficient,facilitativegovernmentinstitutions supportiveofinvestments; alegalsystem that resolves disputes impartiallyand speedily;and,  a society which will view positively and reward those who achievesuccessful business investments. ExpenditureSummary ExpenditureSummary TotalExpenditure(Recurrent andCapital) TotalCapitalExpenditure(A +B) CAPITALB (Fundedby Multi/BilateralProjects) CAPITALA(Government of JamaicaFundedProjects) Recurrent Expenditure J$- J$200,000,000,000.00J$400,000,000,000.00J$600,000,000,000.00 CAPITALA CAPITALB (Fundedby TotalExpenditure Jamaica Funded Expenditure(A+B) 2013/2014 J$358,371,026,000.00 J$120,076,055,000.00 J$22,262,746,000.00 J$142,338,801,000.00 J$500,709,827,000.00 2014/2015 J$404,654,188,000.00 J$109,258,039,000.00 J$25,440,043,000.00 J$134,698,082,000.00 J$539,352,270,000.00 Recurrent Expenditure (Government of Projects) Multi/Bilateral Projects) TotalCapital (Recurrent andCapital ) YourBusinessOurFocus
4. 2–TOP5MINISTRIESBASE ONBUDGETALLOCATION TOP 5MINISTRIES J$600,000,000,000.00 J$500,000,000,000.00 J$400,000,000,000.00 J$300,000,000,000.00 J$200,000,000,000.00 J$100,000,000,000.00 J$- RECURRENT CAPITALA CAPITALB TOTAL TheMinistryofFinancetothe2014/2015BudgetAllocationaccountingforJ$267.6BillionoftheTotalBudget ofJ$539.3Billion.DebtServicingrepresentsJ$233BillionoftheJ$267.6BilliongrantedtotheMinistryof Finance. TOTAL Ministries TotalEstimatesforFY2014/2015 MinistryofFinance J$ 267,613,863,000.00 MinistryofEducation J$ 80,364,693,000.00 MinistryofHealth J$ 35,674,344,000.00 MinistryofNationalSecurity J$ 16,542,831,000.00 MinistryofTransport,WorksandHousing J$ 16,527,918,000.00 OTHERMINISTRIES J$ 122,628,621,000.00 Total J$ 539,352,270,000.00 YourBusinessOurFocus
5. 3–PROVISION FORINFRASTRUCTURAL DEVELOPMENT CentralGovernmentCapitalBudget •Over$8bnorapproximately23%oftheCentralGovernmentCapitalBudgethasbeenreservedfor infrastructuralworkstobecarriedoutthroughtheMinistryofTransport Housing and Worksduring 2014/2015. Someofthe majorprojectswhichwillbeundertaken include: $4bn fortheMajorInfrastructural Project(MIDP)fundedby ChinaEXIMBankto undertake reconstructionofbridges;commencerehabilitationofmain roadsandthroughtheJEEP,torepair worksoncommunityroads,retainingwallsanddrainagestructures. $1.7bnforTheJamaicaEconomicalHousingProjecttocompleteworksinStAnnandLuana GardensinStElizabeth; $689.7mcompletethe drainagerehabilitationworksremainingonthe SandyGullyunderthe KingstonMetropolitanAreaDrainageProject $689.73m to the Transportation Infrastructure Projectto complete roadconstructionin Westmoreland,Hanover,StThomas,andStCatherine $494mto the Road RehabilitationProject,to commenceroad constructionworksin Clarendon $273mtotheRoadImprovementProgramme,toundertakemaintenanceoftheNorthCoast Highwayandupgradeoftrafficsignalsat selectintersections YourBusinessOurFocus
6. 3–PROVISIONFOR INFRASTRUCTURAL DEVELOPMENT PUBLICBODIESCAPITALBUDGET TheCapitalExpenditureincludedintheCentralGovernment'sbudgetwillbeenhancedbythe InvestmentandCapitalExpenditureofotherpublicbodies. •Investmentinfrastructure and other capitalprojects ofthe publicbodiesareestimatedat$53.9billion. ROADS •Approximately$1.6 billionwillbe spent on road rehabilitation bythe roadmaintenance fund. YourBusinessOurFocus
7. 3 –PROVISIONFOR INFRASTRUCTURAL DEVELOPMENT HOUSING •Approximately$26.3 billionwill be spent on housing solutionby both theNational HousingTrust (NHT)andtheHousingAgencyofJamaica(NAJ). •The NationalHousingTrust expenditureof$22.4 billionwould result inthecreationof 7678newloans; •2465housingstarts and2163completion. •Inadditiontothese housingsolutions,NHThas providedfor$971 billiontosupport a programfor specialsubsidies and grants to facilitateaccessbycontributorsinthelower incomebracket. •HousingAgencyofJamaicaisexpectedtospend $2.9billionto workonWhiteHall- Phase inWestmoreland,BoscobelinSt.MaryandLuana GardensinSt.Elizabeth. 3 YourBusinessOurFocus
8. 3 –PROVISIONFOR INFRASTRUCTURAL DEVELOPMENT WATER •TheNationalWater Commissioncapitalprogrammeisestimatedat$6.3 billionofwhich$1.9 billionwillbe spent on nonrevenuewaterrelievestations,pipelineandinstallationofresidential anddomesticmetres. •TheRural Water SupplyProjectwillbenefitfromanexpenditureof$1.8billion. $0.8billionwillbespent on the PORTMORESewageProjectand theTanks and Pump Project willgetanother $1billion. YourBusinessOurFocus
9. 4 –ECONOMIC PROGRAMME REFORM TheEconomicReformProgrammesince lastyear includesquantitativeand benchmarks.Someofthelegislativeachievementsincludes:  amendedtheAdministrationActtostrengthentaxadministrationby providing, other things, access to third party information and requiring mandatory e-filingfor certain types oftax payers andforcertain taxes;  Secured Interest in Personal Property Act to enhanceaccess to credit especiallyfor non-traditional businesses, such as those in thecreative industries and cultural sector and in agriculture;  Charities Act and harmonized the treatment ofCharitiesacross tax types, in addition to removingministerial discretion for granting ofwaiversfor charitiesand charitable purposes;  FiscalIncentivesLegislationwhichhasloweredtheeffectivetaxratefor businessoperators  Amendments to the Financial Administration and Audit ActandthePublic Bodies Management Act which strengthened the legallybinding fiscalrules toensure asustainable budgetbalance and debt reduction.  Amendmentstothe Securities Act to include provisions which seekto combat the establishment and proliferation ofunlawful financial organizationsand implementedalegaland regulatoryframeworkconducive tothe operationofCollectiveInvestment Schemes; YourBusinessOurFocus
10. 5 –REVENUE MEASURES TheGovernment announced revenuemeasuresamounting toJ$6.68 Billion fortheFiscalYear2014/2015. Thedetailsare asfollows: 1. Modificationofthealcohol regimetounifytheSpecificSCTonallalcoholic beverages a) HouseMembersarebeingaskedtorecallthatthetaxregimeforalcohol hasbeensubjecttosystematicmodification since2010,whenbeersand stouts weredistinguished from other alcoholic beverages.In2010,the taxation ofalcoholicbeverages,with theexceptionofWhiteOver-proof Rum,wasamendedfromanadvaloremrateofthirtypercenttoaspecific rateperlitreofpurealcohol(l.p.a),withahigherratebeingaccordedto beers and stouts. At the time the rate for beers and stouts was determined at $1,120per I.p.aand for all other alcoholic beverages (exceptWhiteOverproofRum)at$960perI.p.a.. b) The regime wassubsequentlyamended in2012to provide for White Over-proof rumtobetaxedattherateof$960perI.p.a,thesamerateas othernonbeer/stoutalcoholicbeverages. c) Themodified regimeatthetimealsoprovidedfor aconcessionaryrate fortourismentities,of$450perI.p.a,whichwaslatersupplantedbya rate of$700perI.p.ainFY2012/2013. d) Basedon Government commitment to provide for astandardrate of taxationandtoreduceanyexistinganomalies,itisbeingproposedthata singlespecificSCTratebasedonalcoholcontent beappliedacross the board. e) Therecommendedrateis$1,120.00perI.p.a. Estimated RevenueGain$0.844 billion.Theeffectivedateforimplementation is April22,2014. YourBusinessOurFocus
11. 5 –REVENUE MEASURES 2. Increase in the age limit of second sale vehicles on which GCT will be applicable. Whilstmaintainingthe rates a) TheHouseisadvisedthattheproposaltoincreasetheagelimitofsecond handsalevehiclestowhichGCTisapplicablefromeight(8)yearstoten (10) years was extensively discussed at the tax sub-committee Parliamentandwasagreedtoby theParliamentaryCommittee. of b) Thecurrentrates,whichwereinitiallyamendedinFY2012/2013, outlinedinTableIwillremainunchanged. as TableI:GCTRates tobeRetained forSecondSaleVehicles. Tobeapplicable toVehiclesten(10)yearsandunder MotorCars Motors Motors Motors Cars(ccrating Cars(ccrating Cars(ccrating 0- 1999cc) 2000cc- 2999cc) 3000 &upwards) $10,000.00 $15,000.00 $20,000.00 MotorTrucks(cwt) Trucks- 0- 30 Trucks- 31-60 Trucksabove 61andup $10,000.00 $10,000.00 $25,000.00 Estimated Revenue Gain$0.026billion. The effective date for implementation is AprilI, 2014. 11
12. 5 –REVENUE MEASURES 3. Levyonwithdrawals fromdeposit-taking institutions andencashments from securities dealers a) AsapartofRevenueMeasuresFY2014/2015,theHouseisbeingaskedto approvethe introduction of alevyonwithdrawalsfrom deposit-taking institutionsandencashmentsfromsecuritiesdealers. b) This levy will be chargeable on all withdrawals from deposit taking institutionsbymeansof:- i. ii. iii. iv. v. Electronicbanking(e-anking), PointofSales(POS), Cheques, Withdrawals-ABM/ATM/ETMoroverthecounterand; Internet transfers (with the exception of transfers between accountsofthesamepersoninthesamefinancialinstitution.) c) Thislevy willalsobechargedonallencashmentsfromsecuritiesdealers, whether partialor infull. Anencashmentisdefinedaseachpayment madebyalicensedsecuritiesdealer to,orontheinstructionof,anyofits accountholdersarisingfrom thefullorpartialencashmentof(orother withdrawaloffundsfrom)theaccountholders'account withthelicensed securitiesdealers. d) Itisproposedthat aminimaladvaloremlevyasdetailed intableIIbe chargedonthevalueofeachwithdrawal(asdefinedabove)fromdeposit• takinginstitutionsandsecuritiesdealers. 12
13. 5 –REVENUE MEASURES TableD:LevyRatesonWithdrawalsfromdeposit securities dealers Value ofTransaction takingInstitutionsand LevyRate LessthanOne(1)Million Dollars 0.1% One(1)Million toFive(5)Million Dollars 0.09% Greater than Five (5) Million - Lessthan Dollars Twenty (20) Million 0.075% GreaterthanTwenty(20)Million Dollars 0.05% e) TheHouseisbeingaskedto notethatforwithdrawalsof $1,000;$5000 and$10,000theassociatedtaxpayablewould be$1.00,$5.00and$10.00 respectively. TheHouseisadvisedthatasimilartaxhasbeenintroduced inanumber of countries. Included in this listing are Argentina, Brazil, Peru,and Columbia. f) g) Thetaxwillbecollectedbythefinancialinstitutions andpaidoverona monthly basistotheTaxAdministration Jamaica.Thefinancialinstitutions willberequiredtofiletherequisitereturnstoTaxAdministration Jamaica (TAJ)andreporttotherelevantregulator,detailingthevalueandvolumeof thethesetransactions. EstimatedRevenueGain$2.25billion.Theeffectivedateforimplementation isJune1,2014. 13
14. 5 –REVENUE MEASURES 4. Increase in premium tax for regionalized and non-regionalized Life Assurancecompanies a) The House is advised that regionalized and non-regionalized Life AssurancecompaniesarerequiredtopayasperSection48oftheIncome TaxActarateof 3.0and4.0percent,respectivelyof grosspremiums earnedperyear. b) Theproposalseeksto providefor aunified rateof 5.5%,whichwould resultinanincreaseby2.5and1.5percentagepointsforregionalizedand non-regionalizedcompaniesrespectively. Estimated RevenueGain$0.276billion. The tax willbe applicable for the assessment 2014 inrelation to the first four months willbe charged remaining eight (8)months ofyear of statutory Income forthe said year.The at the old rate of tax. There after the increased ratewillbeeffective foreverysubsequent yearofassessment. 5. Increase inInvestment Taxforinsurance companies a) TheHouseisremindedthatthroughout thereforminitiatives,taxationin respecttoinsurancecompanieshaveremainedunchanged. b) Intheaimofproviding foraunifiedtaxationrate,itisbeingproposed thatthisbeincreasedbyfivepercentagepointstotwentypercent(20%). Estimated RevenueGain$0.701billion. The tax willbe applicable for the assessment 2014 inrelation to the first four months willbe charged remaining eight (8)months ofyear of statutory Income forthe said year.The at the old rate of tax. There after the increased ratewillbeeffective foreverysubsequent yearofassessment. 14
15. 5 –REVENUE MEASURES 6. Increase intheAssetTax a) TheHouseisadvisedthatthemodified asset taxwasintroduced inFY 2012/2013.Thefollowingincreaseisbeingproposed:- (1)ForthespecifiedentitiesregulatedbytheBankofJamaica(BOJ)and the FinancialServicesCommission(FSC).(i.e.comprising DepositTaking Institutions(OTIs),InsurancecompaniesandSecurityDealers),therateof 0.14percentappliedtothetaxablevalueoftheassetswillbeincreased to0.25percent. (2)For otherentities,thenew taxratestobepayableinaccordancewith theschedulesetoutinthetablebelow. TheHouseisbeingaskedtonote howeverthatthelasttwo(2)categories,whichrepresentmicroandsmall businesses,theratesremainunchanged.Thisisalsoshownintableill: TableDI:Proposed Ratesfor "Other Entities" (not regulated bytheBoJorFSC) AssetValueAnnual Tax (J$) Atleast$50M 200,000 AtleastSSMbutlessthan$50M 150,000 100,000 Atleast$500,000butlessthan$5M RATESFORTHEFOLLOWINGCATEGORIESREMAIN Atleast$50,000butlessthan$500,000 UNCHANGED Lessthan$50,000 b) TheHouseisadvisedthatthetaxremainsanannualtaxwith filing/due date of March 15.Thetaxisnot allowableasadeduction under the IncomeTaxAct. Estimated Revenue Gain $1.788 billion. The tax is effective as per year of assessment. 15
16. 5 –REVENUE MEASURES 7. Modificationofthedutyregimeforspecified motorvehicles a) TheHouseisbeingaskedto recallthatviaMinistryPaperNo.32,during FY2012/2013,therewasanincreaseintheratesofselectlist Citems,by tenpercentage pointsinorder tomeetrevenueneeds. b) BasedonGoJcommitment to ratereduction,thefollowing changesare proposed:- Reductionofthecustomsduty(CET)ratebyten percentage (i) pointsforvehicles2000ccandabove,a to20%. reduction from 30% (ii) ModificationofSCTratesbytenpercentagepoints for petrol \dieselvehiclesover3500ccandHybrid vehiclesas below:- per Table IV TableIV:ChangesintheSCTRates(PetrolandDieselVehicles)Descriptionof CurrentRate DealerRates 30%(petrol) 23%(diesel) 0% ProposedRate Vehicles 20%(petrol) 13%(diesel) 10% Exceeding3500cc(DieselandPetrol) Hybrid Individual Rates 40%(petrol) 30%(diesel) 0% 30%(petrol) 20%(diesel) 10% Exceeding3500cc(DieselandPetrol) Hybrid Estimated RevenueGain$0.250billion.Theeffectivedateforimplementation is May1,2014. 16
17. 5 –REVENUE MEASURES 8. Re-directingofSCTfromRoadMaintenanceFundtoCentralGovernment a) The House of Representativesis reminded that a decision was previously takentoprovideforaportionoftheproceedsfromtheSCT onpetrolto beallocatedtotheRoad MaintenanceFund(RMF).This allocationwastobesolelydirectedtowardservicingoftheUS$340mn guaranteeddebtfromChinaEximBank. b) Initscommitmenttoprudentdebtmanagement,theGoJisseekingto provide for consolidated debt servicing through the Central Government budget. Theamounts that would havebeenallocated totheRMFwillbeheldbytheGoJandonesingledebtpaymentmade in respecttotheoutstandingloanstoChina. c) ItisestimatedthattheportionsfromtheSCTberedirectedfromthe RMFtoCentralGovernmentwouldbevaluedatJ$1.2billion. 9. Increase AnnualGeneralPersonal IncomeTax(PIT)Threshold a) TheHouse isbeing askedto recallthat the annual general personal Incometax(PInthresholdwasadjustedviatheFY2012/13MinistryPaper, whichresultedinthecurrentthresholdbeing$507,312.00. b) An increasein the annual general PITthreshold from $507,312to $557,232(upby$49,920).Themovementofthethresholdwillresultin approximately12,823personsfallingoutsideofthetaxbase. Estimated Revenue LossJ$(O.650)billion.Theeffective date forimplementation is January 1,2015. 17
18. 5 –REVENUE MEASURES SUMMARY OF2014/2015 REVENUE MEASURES Description ofRevenue Measures Revenue Impact $Billion Modification ofthealcohol regime to unify the Specific SeTonallalcoholic beverages - ($1,120) Increaseinagelimitof secondsalevehicleson which GCTwillbeapplicable(from8to10years) levyonwithdrawalsfromdeposit-taking institutionsandencashmentsfromsecurities dealers Increaseinpremiumtaxforregionalizedandnon- regionalizedlifeAssurancecompanies.(Upto 5.5%) 1. $ 0.844 2. $ 0.026 3. $ 2.250 4. $ 0.276 Investmenttaxforinsurancecompanies(upto 20%) IncreaseinAssetTax Modificationofdutyregimeforspecifiedmotor vehicles Redirecting ofportionofSCTfromtheRoad MaintenanceFundtoCentralGovernment IncreasedAnnualGeneralPITThreshold($557,232) 5. $ $ 0.701 1.788 6. 7. $ 0.250 8. $ 1.200 $ (0.650) 9. TOTAL $6.68Billion 18
19. 6 –APPENDICES: RecurrentExpenditure CapitalA CapitalB Expenditure Summary TotalExpenditure(Recurrent andCapital) TotalCapitalExpenditure(A +B) CAPITALB(Fundedby Multi/Bilateral Projects) CAPITALA(Government ofJamaica Funded… Recurrent Expenditure J$- J$200,000,000,000.00J$400,000,000,000.00J$600,000,000,000.00 CAPITALA Expenditure JamaicaFunded by Multi/Bilateral Expenditure(A +B) (Recurrent and 2013/2014 J$358,371,026,000. J$120,076,055,000. J$22,262,746,000.0 J$142,338,801,000. J$500,709,827,000. 2014/2015 J$404,654,188,000. J$109,258,039,000. J$25,440,043,000.0 J$134,698,082,000. J$539,352,270,000. Recurrent (Government of Projects) CAPITALB(Funded Projects) TotalCapital TotalExpenditure Capital)
20. 2014-2015JamaicaBudget StatutoryprovisionsandProvisionsto be Voted $’000 Recurrent HeadNo.andTitle Statutory Gross Expenditure tobeVoted Appropriations inAid Net Expenditure tobeVoted Netprovisions inEstimates (Including Statutory) 0100 HisExcellencytheGovernor-Generaland Staff 0200 HousesofParliament 0300 OfficeofthePublicDefender 0400 OfficeoftheContractor-General 0500 AuditorGeneral 0600 OfficeoftheServicesCommissions 0700 OfficeoftheChildren'sAdvocate 0800 IndependentCommissionofInvestigations 1500 OfficeofthePrimeMinister 1510 JamaicaInformationService TotalOfficeofthePrimeMinister 1600 OfficeoftheCabinet 1649 ManagementInstituteforNationalDevelopment TotalOfficeoftheCabinet 1700 MinistryofTourismandEntertainment 2000 MinistryofFinanceandPlanning 2011 AccountantGeneral 2012 JamaicaCustomsAgency 2018 PublicDebtServicing(InterestCharges) 2019 Pensions 2056 TaxAdministrationJamaica TotalMinistryofFinanceandPlanning 2600 MinistryofNationalSecurity 2622 PoliceDepartment 2624 DepartmentofCorrectionalServices 2653 Passport,ImmigrationandCitizenshipAgency TotalMinistryofNationalSecurity 2800 MinistryofJustice 2823 CourtofAppeal 2825 DirectorofPublicProsecutions 2826 FamilyCourts 2827 ResidentMagistrates'Courts 2828 RevenueCourt 2829 SupremeCourt 2830 AdministratorGeneral 2831 AttorneyGeneral 105,759.0 64,547.0 - 64,547.0 170,306.0 9,224.0 752,094.0 - 752,094.0 761,318.0 8,537.0 66,916.0 - 66,916.0 75,453.0 8,431.0 220,753.0 - 220,753.0 229,184.0 5,583.0 532,915.0 10,000.0 522,915.0 528,498.0 5,849.0 173,729.0 - 173,729.0 179,578.0 - 99,309.0 - 99,309.0 99,309.0 - 334,258.0 - 334,258.0 334,258.0 - - 3,021,305.0 383,257.0 416,981.0 62,424.0 2,604,324.0 320,833.0 2,604,324.0 320,833.0 - 3,404,562.0 479,405.0 2,925,157.0 2,925,157.0 - - 344,607.0 333,428.0 - 194,299.0 344,607.0 139,129.0 344,607.0 139,129.0 - 678,035.0 194,299.0 483,736.0 483,736.0 - 3,764,122.0 2,229,050.0 1,535,072.0 1,535,072.0 - - - 132,669,123.0 18,494,432.0 - 32,526,214.0 491,286.0 4,464,953.0 - 6,565,691.0 4,857,756.0 - - 2,403,953.0 - - - 32,526,214.0 491,286.0 2,061,000.0 - 6,565,691.0 4,857,756.0 32,526,214.0 491,286.0 2,061,000.0 132,669,123.0 25,060,123.0 4,857,756.0 151,163,555.0 48,905,900.0 2,403,953.0 46,501,947.0 197,665,502.0 - - - - 13,471,229.0 28,942,246.0 4,917,859.0 1,540,081.0 140,000.0 300,000.0 35,000.0 1,224,893.0 13,331,229.0 28,642,246.0 4,882,859.0 315,188.0 13,331,229.0 28,642,246.0 4,882,859.0 315,188.0 - 48,871,415.0 1,699,893.0 47,171,522.0 47,171,522.0 - 97,892.0 6,530.0 - - - 374,315.0 - - 1,033,378.0 75,246.0 263,889.0 186,716.0 1,134,577.0 2,621.0 487,700.0 319,379.0 529,375.0 117,450.0 - - - - - - 140,379.0 - 915,928.0 75,246.0 263,889.0 186,716.0 1,134,577.0 2,621.0 487,700.0 179,000.0 529,375.0 915,928.0 173,138.0 270,419.0 186,716.0 1,134,577.0 2,621.0 862,015.0 179,000.0 529,375.0 5
21. 2014-2015JamaicaBudget StatutoryprovisionsandProvisionsto be Voted $’000 Recurrent HeadNo.andTitle Statutory Gross Expenditure tobeVoted Appropriations inAid Net Expenditure tobeVoted Netprovisions inEstimates (Including Statutory) 2832 TrusteeinBankruptcy 2833 OfficeoftheParliamentaryCounsel 2852 LegalReformDepartment 2854 CourtManagementServices TotalMinistryofJustice 3000 MinistryofForeignAffairsandForeignTrade 4000 MinistryofLabourandSocialSecurity 4100 MinistryofEducation 4200 MinistryofHealth 4220 RegistrarGeneral'sDepartmentandIsland RecordsOffice 4234 BellevueHospital 4235 GovernmentChemist TotalMinistryofHealth 4500 MinistryofYouthandCulture 4551 ChildDevelopmentAgency TotalMinistryofYouthandCulture 5100 MinistryofAgricultureandFisheries 5300 MinistryofIndustry,Investmentand Commerce 5338 TheCompaniesOfficeofJamaica TotalMinistryofIndustry,Investmentand Commerce 5600 MinistryofScience,Technology,Energyand Mining 5639 PostandTelecommunicationsDepartment TotalMinistryofScience,Technology,Energy andMining 6500 MinistryofTransport,WorksandHousing 6550 NationalWorksAgency TotalMinistryofTransport,Worksand Housing 6700 MinistryofWater,Land,Environmentand ClimateChange 6746 ForestryDepartment 6747 NationalLandAgency 6748 NationalEnvironmentandPlanningAgency TotalMinistryofWater,Land,Environment andClimateChange 7200 MinistryofLocalGovernmentand CommunityDevelopment TotalRecurrent - - - - 43,647.0 80,708.0 47,537.0 203,407.0 - - - - 43,647.0 80,708.0 47,537.0 203,407.0 43,647.0 80,708.0 47,537.0 203,407.0 478,737.0 4,408,180.0 257,829.0 4,150,351.0 4,629,088.0 - 3,137,002.0 136,653.0 3,000,349.0 3,000,349.0 - 2,872,746.0 610,000.0 2,262,746.0 2,262,746.0 - 78,742,324.0 450,000.0 78,292,324.0 78,292,324.0 - - - - 34,971,273.0 753,519.0 1,174,686.0 28,479.0 200,352.0 753,519.0 - - 34,770,921.0 - 1,174,686.0 28,479.0 34,770,921.0 - 1,174,686.0 28,479.0 - 36,927,957.0 953,871.0 35,974,086.0 35,974,086.0 - - 1,817,413.0 1,847,732.0 18,413.0 1,860.0 1,799,000.0 1,845,872.0 1,799,000.0 1,845,872.0 - 3,665,145.0 20,273.0 3,644,872.0 3,644,872.0 - 4,442,647.0 914,432.0 3,528,215.0 3,528,215.0 - - 1,839,065.0 330,140.0 74,607.0 330,140.0 1,764,458.0 - 1,764,458.0 - - 2,169,205.0 404,747.0 1,764,458.0 1,764,458.0 - - 2,984,218.0 1,906,278.0 65,255.0 360,000.0 2,918,963.0 1,546,278.0 2,918,963.0 1,546,278.0 - 4,890,496.0 425,255.0 4,465,241.0 4,465,241.0 - - 5,156,197.0 1,693,994.0 2,307,543.0 1,179,355.0 2,848,654.0 514,639.0 2,848,654.0 514,639.0 - 6,850,191.0 3,486,898.0 3,363,293.0 3,363,293.0 - - - - 1,249,204.0 475,438.0 1,525,668.0 725,820.0 117,342.0 3,700.0 1,120,000.0 49,484.0 1,131,862.0 471,738.0 405,668.0 676,336.0 1,131,862.0 471,738.0 405,668.0 676,336.0 - 3,976,130.0 1,290,526.0 2,685,604.0 2,685,604.0 - 9,228,343.0 343,024.0 8,885,319.0 8,885,319.0 151,785,675.0 269,178,921.0 16,310,108.0 252,868,813.0 404,654,488.0 6
22. 2014-2015JamaicaBudget StatutoryprovisionsandProvisionsto be Voted $’000 Recurrent HeadNo.andTitle Statutory Gross Expenditure tobeVoted Appropriations inAid Net Expenditure tobeVoted Netprovisions inEstimates (Including Statutory) 7
23. 2014-2015JamaicaBudget EstimatesofExpenditure(Netof Appropriations-In-Aid) $’000 CapitalA (GovernmentofJamaica FundedProjects) HeadNo.andTitle Estimates, 2014-2015 Revised Approved Actual Estimates, Estimates, (Provisional) 2012-2013 2013-2014 2013-2014 Expenditure, 1500A OfficeofthePrimeMinister 1600A OfficeoftheCabinet 2000A MinistryofFinanceandPlanning 2600A MinistryofNationalSecurity 2800A MinistryofJustice 4000A MinistryofLabourandSocialSecurity 4100A MinistryofEducation 4200A MinistryofHealth 4500A MinistryofYouthandCulture 5100A MinistryofAgricultureandFisheries 5300A MinistryofIndustry,InvestmentandCommerce 5600A MinistryofScience,Technology,EnergyandMining 6500A MinistryofTransport,WorksandHousing 6700A MinistryofWater,Land,EnvironmentandClimateChange 7200A MinistryofLocalGovernmentandCommunityDevelopment TotalCapitalA - 1,088,337.0 1,087,304.0 1,079,580.0 - - 1,000.0 30,000.0 100,775,344.0 109,829,133.0 111,818,967.0 197,885,655.0 2,172,245.0 1,592,172.0 1,956,381.0 856,511.0 445,000.0 121,675.0 300,000.0 223,500.0 - - - 650,000.0 615,000.0 216,000.0 516,530.0 497,217.0 - 6,500.0 20,000.0 10,000.0 - 85,000.0 85,000.0 336,065.0 1,863,450.0 2,062,723.0 2,256,518.0 1,984,351.0 - 86,921.0 113,630.0 35,000.0 287,000.0 317,225.0 627,207.0 606,856.0 3,100,000.0 3,933,587.0 4,453,189.0 6,261,178.0 - 390,867.0 401,580.0 377,331.0 - 345,915.0 375,915.0 495,000.0 109,258,039.0 120,076,055.0 124,013,221.0 211,328,244.0 3
24. 2014-2015JamaicaBudget EstimatesofExpenditure(Netof Appropriations-In-Aid) $’000 CapitalB (Multilateral / BilateralProjects) HeadNo.andTitle Estimates, 2014-2015 Revised Approved Actual Estimates, Estimates, (Provisional) 2013-2014 2013-2014 Expenditure, 2012-2013 1500B OfficeofthePrimeMinister 1600B OfficeoftheCabinet 1700B MinistryofTourismandEntertainment 2000B MinistryofFinanceandPlanning 2600B MinistryofNationalSecurity 2800B MinistryofJustice 3000B MinistryofForeignAffairsandForeignTrade 4000B MinistryofLabourandSocialSecurity 4100B MinistryofEducation 4200B MinistryofHealth 4500B MinistryofYouthandCulture 5100B MinistryofAgricultureandFisheries 5300B MinistryofIndustry,InvestmentandCommerce 5600B MinistryofScience,Technology,EnergyandMining 6500B MinistryofTransport,WorksandHousing 6700B MinistryofWater,Land,EnvironmentandClimateChange 7200B MinistryofLocalGovernmentandCommunityDevelopment TotalCapitalB TotalCapital(A+B) GrandTotalRecurrentandCapital 1,651,841.0 1,916,645.0 1,885,335.0 1,851,869.0 278,928.0 142,189.0 168,180.0 203,210.0 14,392.0 5,530.0 11,753.0 - 1,643,182.0 1,237,428.0 1,122,811.0 367,307.0 1,039,357.0 1,329,693.0 1,482,476.0 1,199,357.0 357,903.0 201,406.0 230,000.0 205,526.0 75,000.0 42,082.0 134,172.0 43,000.0 5,544,504.0 4,696,053.0 4,887,152.0 3,742,605.0 1,457,369.0 1,510,518.0 1,730,686.0 1,711,094.0 903,423.0 548,205.0 714,370.0 1,613,035.0 173,678.0 203,905.0 248,864.0 255,961.0 505,888.0 569,516.0 622,573.0 1,326,251.0 3,800.0 49,350.0 - 1,044.0 800,298.0 514,347.0 636,353.0 381,260.0 10,579,264.0 8,282,023.0 11,267,911.0 9,146,808.0 279,973.0 938,239.0 1,065,904.0 1,379,223.0 131,243.0 75,617.0 180,506.0 41,786.0 25,440,043.0 22,262,746.0 26,389,046.0 23,469,336.0 134,698,082.0 142,338,801.0 150,402,267.0 520,886,579.0 234,797,580.0 539,352,570.0 500,709,827.0 602,531,232.0 4
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