Government’s considerably shrunken budget was released on Monday and the $299.5 million sum is being divided into nine umbrella groups.
The budget is being shared among the five government ministries as well as the Governor’s Group, the Premier’s Office, and constitutionally established departments.
The final group will cover pensions, public debt, and contribution funds from government.
Below is a breakdown of the projected allocations:
Ministry of Health/Social Development
The Health Ministry is projected to get the single largest share of the budget; securing 22.7 percent of the $299.5 million.
That percentage approximates to $67,992,258 million.
Ministry of Education/Culture
The Ministry of Education and Culture is being allowed 15 percent of the budget, which is approximately $44,928,804 million.
Ministry of Communications/Works
The Ministry of Communication and Works, which is responsible infrastructural development and repairs was not far behind with a 14.1 percent allocation.
That amounts to roughly $42,233,076 million.
Thirteen-and-a-half percent — approximately $40,435,924 million — is being set aside for pensions, public debt and funds contribution this year.
The Governor’s Group follows with a 10.8 percent allocation. That amounts to roughly $32,348,739 million.
Government allocated 9.5 percent or $28,454,909 of the budget to the Ministry of Finance.
The Premier’s office is set to receive $23,872,171 million, which translates to about 7.97 percent of the budget.
Ministry of Natural Resources/Labour
The Dr Kedrick Pickering-led Natural Resources and Labour ministry is projected to receive 4.4 percent, which is roughly $13,179,116 million.
Constitutionally established departments were allocated the smallest bite of this year’s budget. It is receiving 2.3 percent of $299.5 million. That amounts to about $6,889,083 million.
This year’s fiscal budget is the first since the September 2017 hurricanes and is $23,587,265 million less than last year.
Premier Dr D Orlando Smith also projects that the territory’s expenditure for this year will be $352,816,500.
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