Monday, 2 May 2016

Govt priorities not affected in 2016 Budget: Treasurer


 Provincial Allocation comparisons 2015-2016




DESPITE the 2016 National Budget of K14.2 billion having a K613 million cut from the revised 2015 Supplementary Budget- Treasurer Patrick Pruaitch, in his budget speech to Members of Parliament that government priorities remain unaffected by cost cutting measures included in 2016 money plan.

He said free education, free primary healthcare, agriculture, and small to medium enterprise (SME) are core programs that will continue to have full government support through the capital expenditure.
Minister Pruaitch also made emphasis on the importance of continued support to infrastructure programs and law and order also.

“Funding is also assured to prepare for the hosting of domestic and international events such as the African Caribbean and Pacific Group meeting; the 2017 National Elections and APEC in 2017,” he said.

By sector the Provinces received the largest share of K3.6 billion (26%) of the total budget, Administration K2.5 billion (18%), Health K1.5 billion (11%), Education K1.3 billion (9%), Transport K1.3 billion (8.8%), Law and Order K1.2 billion (8.7%), Economic sector K610 million.

He said the policies represented broad-base economic growth, calling national leaders and public servants to ensure efficient service delivery and improved livelihoods for those throughout the country.         

No comments:

Post a Comment