A supplementary budget is likely to be brought before the House of Assembly to, among other things, pay for lawsuits the previous National Democratic Party (NDP) administration accumulated in the last seven years.
Premier Andrew Fahie gave that indication while delivering the 2019 budget address this week.
News of a supplementary budget comes despite the territory having what is believed to be its largest ever budget of $426,112,972.
That figure will comprise of $331,742,666 on recurrent expenditure, $73,123,846 on capital projects, $7,837,060 in fund contributions, and $13,119,400 towards principal repayments on national debt.
“May I warn that this budget does not factor in the monies that may have to be paid out to companies and individuals who have sued the previous administration over the last seven years,” Premier Fahie said in his address.
“These expected monies will also have to be paid from the public purse, and we may need to do a supplementary budget at a later date,” the leader of
The previous NDP administration also had a supplementary appropriation last year to complement the 2018 budget and to ‘finance institutional and policy reforms’.
Some $50 million had to be borrowed from the Caribbean Development Bank to fund that 2018 supplement.
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