Jamaica Government Of 18-K Annual report (foreign governments)

EXHIBIT C

INDEX TO FINANCIAL STATEMENTS AND REVENUE ESTIMATES FOR THE

GOVERNMENT OF JAMAICA FOR THE YEAR ENDING

MARCH 31, 2017

			Page No.
I) FINANCIAL STATEMENTS 2016/2017				2
Statement I	-	Receipts and Payments of the Consolidated Fund		3
Statement II	-	Statement of Deficit Financing		5
Statement III	-	Revenue Estimates Compared with Consolidated Fund Receipts		6
Statement IV	-	Expenditure Estimates Compared with Issues from the Consolidated Fund		8
Statement V	-	Statement of Consolidated Fund Balances		11
Statement VI	-	Statement of Capital Development Fund		12
Statement VII	-	Statement of Contingencies Fund		14
Statement VIII	-	Statement of Outstanding Public Debt		15
II) ESTIMATES OF REVENUE 2017/2018				31
A. STATEMENT OF REVENUE ESTIMATES
Statement I	-	Summary of Revenue and Loan Receipts		32
Statement II	-	Details of Revenue and Loan Receipts		33
B. STATEMENT OF FINANCING OF THE BUDGET
Statement III	-	Statement of Statutory Expenditure Charged to the Consolidated Fund		50
Statement IV	-	Institutional Projects and Programmes - Funding of Projects		52
C. SUMMARY ESTIMATES OF EXPENDITURE
Estimates of Expenditure (Net of Appropriations-In-Aid)				55
Statutory Provisions and Provisions to be Voted by Head				57

1

INDEX TO FINANCIAL STATEMENTS

FY 2016/2017

			Page No.
Statement I	-	Receipts and Payments of the Consolidated Fund	3
Statement II	-	Statement of Deficit Financing	5
Statement III	-	Revenue Estimates Compared with Consolidated Fund Receipts	6
Statement IV	-	Expenditure Estimates Compared with Issues from the Consolidated Fund	8
Statement V	-	Statement of Consolidated Fund Balances	11
Statement VI	-	Statement of Capital Development Fund	12
Statement VII	-	Statement of Contingencies Fund	14
Statement VIII	-	Statement of Outstanding Public Debt	15

2

GOVERNMENT OF JAMAICA

CONSOLIDATED FINANCIAL STATEMENTS OF THE GOVERNMENT OF JAMAICA

Statement I

Receipts and Payments of the Consolidated Fund

Year Ended March 31, 2017

(Expressed in Jamaican dollars unless otherwise specified)

	Notes	2017	2016
		J$‘000	J$‘000
RECEIPTS
RECURRENT REVENUE
Taxation Revenue		460,007,432	410,455,487
Non-Tax Revenue		33,754,091	41,905,855
		493,761,523	452,361,343
Transfers from CDF
		0	0
CAPITAL REVENUE
Royalties		568,648	592,363
Land Sales		0	0
Loan Repayments		14,656,032	8,346
Grants		4,531,104	9,283,501
		19,755,784	9,884,210
DOMESTIC LOANS
Benchmark Notes		32,344,381	15,000,000
EXTERNAL LOANS
Multilateral	1.3	29,815,767	30,070,169
Bilateral		4,707,436	5,604,894
Capital Markets		0	234,147,055
Other		0	0
		34,523,203	269,822,118
OTHER RECEIPTS
Over Issues	1.4	23,050,227	1,436,886
Treasury Bill Issued		15,150,263	13,933,379
CPA Balance Transfer		14,028,612	88,355,454
Opening Cash April 1		43,632,268	0
		95,861,370	103,725,719
Total Receipts		676,246,262	850,793,389

3

Statement l (cont’d)

	Notes	2017	2016
		J$‘000	$‘000
RECURRENT EXPENDITURE
Statutory Expenditure		163,252,018	146,255,364
Voted Expenditure		298,972,650	281,292,307
		462,224,668	427,547,671
CAPITAL EXPENDITURE
Statutory Expenditure		62,407,242	324,069,507
Voted Expenditure		42,857,308	30,114,374
		105,264,550	354,183,881
OTHER PAYMENTS
Treasury Bills Redeemed		14,084,867	13,916,271
Closing Cash March 31		94,672,176	43,632,268
CPA Balance Transfer		0	11,513,298
		108,757,044	69,061,837
Total Payments		676,246,262	850,793,389

Accountant General of Jamaica

May 24, 2017

4

GOVERNMENT OF JAMAICA

CONSOLIDATED FINANCIAL STATEMENTS OF THE GOVERNMENT OF JAMAICA

Statement II

Statement of Deficit Financing

Year Ended March 31, 2017

(Expressed in Jamaican dollars unless otherwise specified)

		2017			2016
	Notes	$‘000			$‘000
CURRENT ACCOUNT
Recurrent Revenue			493,761,523			452,361,343
Recurrent Expenditure			462,224,668			427,547,671
			31,536,855			24,813,672
Imprest Surrendered			807,050
TSA Warrant Reduction			14,028,612
TSA Balance Surrender			22,243,178			1,436,886
Surplus (Deficit)			68,615,694			26,250,558
CAPITAL ACCOUNT
Capital Revenue			19,755,784			9,884,210
Capital Expenditure			105,264,550			354,183,881
Surplus (Deficit)			(85,508,766	)		(344,299,671	)
Net Surplus ( Deficit)			(16,893,071	)		(318,049,113	)
Net Treasury Bills Issued			1,065,396			17,108
Financing Requirement			(15,827,676	)		(318,032,005	)
Financing
Domestic Notes			32,344,381			15,000,000
External Borrowing			34,523,203			269,822,118
			66,867,584			284,822,118
Net Surplus/(Deficit)	2.1		51,039,908			(33,209,888	)

Accountant General of Jamaica

May 24, 2017

5

GOVERNMENT OF JAMAICA

CONSOLIDATED FINANCIAL STATEMENTS OF THE GOVERNMENT OF JAMAICA

Statement III

Revenue Estimates Compared with Consolidated Fund Receipts

Year Ended March 31, 2017

(Expressed in Jamaican dollars unless otherwise specified)

		Estimates		Receipt		Estimates		Receipt
		2017		2017		2016		2016
	Notes	$‘000		$‘000		$‘000		$‘000
TAXATION REVENUE
Customs			33,476,276		32,032,463		30,790,600		29,520,838
Income Tax			125,564,956		139,261,359		129,866,700		130,876,497
Stamp Duties			12,878,248		13,388,680		12,313,711		12,022,405
Motor Vehicle Licences			2,999,621		2,803,653		2,723,921		2,966,637
Other Licences			471,159		330,063		366,713		337,901
Travel Tax			16,057,670		12,893,578		10,496,461		9,974,463
Betting, Gaming Lotteries			2,891,965		2,626,588		3,163,757		2,756,538
Education Tax			22,194,808		20,799,204		21,100,366		21,371,525
Contractors Levy			1,049,998		1,053,227		1,044,277		993,722
General Consumption Tax			157,196,139		156,733,404		138,894,954		141,276,416
Special Consumption Tax			62,909,580		68,750,902		49,746,719		49,052,226
Environmental Levy			3,278,122		2,507,413		3,111,869		2,870,750
Telephone Call Tax			5,227,397		4,054,431		7,429,972		5,873,760
Guest Accommodation Room Tax					2,076,399		0		0
Minimum Business Tax			570,996		696,070		832,612		561,810
TOTAL TAXATION REVENUE			446,766,935		460,007,432		411,882,632		410,455,487
NON-TAX REVENUE			30,537,200		33,754,091		30,961,324		41,905,855
Imprest Surrendered
TOTAL ORDINARY REVENUE			477,304,135		493,761,523		442,843,956		452,361,343
Transfer from Capital Development Fund			2,818,194		0		4,779,700		0
TOTAL RECURRENT REVENUE			480,122,329		493,761,523		447,623,656		452,361,343

6

Statement III (Cont’d)

		Estimates		Receipt		Estimates		Receipt
		2017		2017		2016		2016
		$’000		$’000		$”000		$’000
CAPITAL REVENUE
Royalties			0		568,648		736,600		592,363
Land Sales			0		0		0		0
Loan Repayments			8,880		14,656,032		202,200		8,346
Grants			19,788,098		4,531,104		9,539,000		9,283,501
TOTAL CAPITAL REVENUE			20,457,926		19,755,784		10,477,800		9,884,210
Total Capital and Recurrent Revenue			500,580,256		513,517,307		458,101,456		462,245,553
LOAN RECEIPTS
EXTERNAL LOANS
Multilateral			41,534,353		29,815,767		38,345,739		30,070,169
Bilateral			5,928,347		4,707,436		4,013,987		5,604,894
Capital Markets			0		0		30,232,500		234,147,055
Other			0		0		0		0
TOTAL EXTERNAL LOANS			47,462,700		34,523,203		72,592,226		269,822,118
DOMESTIC LOANS
Local Commercial Banking Sector
Benchmark Notes			27,921,700		32,344,381		0		13,933,379
Treasury Bills			14,000,000		15,150,263		14,000,000		15,000,000
Other			0		0		42,337,900		0
TOTAL DOMESTIC LOANS			41,921,700		47,494,644		56,337,900		28,933,379
TOTAL LOAN RECEIPTS			89,384,400		82,017,847		128,930,126		298,755,497
TOTAL REVENUE	3.1		589,964,656		595,535,155		587,031,582		761,001,049

Accountant General of Jamaica

May 24, 2017

7

GOVERNMENT OF JAMAICA

CONSOLIDATED FINANCIAL STATEMENTS OF THE GOVERNMENT OF JAMAICA

Statement IV

Statement of Expenditure Compared with Issues from the Consolidated Fund

Year Ended March 31, 2017

(Expressed in Jamaican dollars unless otherwise specified)

		Estimates 2017		Issues 2017		Estimates 2016		Issues 2016
RECURRENT EXPENDITURE	Notes	$	‘000	$	‘000	$	‘000	$	‘000
Statutory Expenditure
Public Debt Charges			140,126,338		140,047,738		126,924,820		126,193,677
Other Statutory Expenditure			23,208,066		23,204,280		20,061,687		20,061,687
Total Statutory			163,334,404		163,252,018		146,986,507		146,255,364
Voted Expenditure
Governor General & Staff			78,669		78,669		74,375		74,375
Houses Of Parliament			842,322		837,908		811,018		811,010
Office Of The Public Defender			87,083		85,193		73,832		73,134
Office Of The Contractor General			284,706		271,393		233,654		233,065
Auditor General			610,767		610,767		521,614		521,614
Office Of The Services Commissions			192,545		184,797		179,429		179,429
Office Of The Children’s Advocate			145,880		145,880		121,886		121,157
Independent Comm. of Investigations			354,454		354,454		334,494		334,450
Office Of The Prime Minister			5,126,927		5,126,927		3,972,590		3,971,948
Office Of The Cabinet			569,464		538,234		524,203		524,134
Tourism & Entertainment			1,949,514		1,947,289		1,821,639		1,770,720
Economic Growth & Job Creation			9,101,056		9,090,177		2,924,482		2,924,482
Finance & the Public Service			31,413,486		31,315,682		31,643,391		30,722,572
National Security			58,543,323		57,953,835		54,380,651		54,367,668
Justice			5,974,884		5,933,990		5,531,352		5,256,304
Foreign Affairs & Foreign Trade			3,949,208		3,889,864		4,035,672		4,035,672
Labour And Social Security			2,719,406		2,719,406		2,604,952		2,604,952
Education,Youth & Information			93,872,500		93,850,548		87,489,618		87,441,771
Health			56,967,702		56,967,702		53,028,076		52,868,333

8

Statement IV (cont’d)			Estimates		Issues		Estimates		Issues
			2017		2017		2016		2016
	Notes		$’000		$’000		$’000		$’000
Culture, Gender, Entertainment & Sport				2,517,402		2,497,629		0		0
Industry, Comm., Agriculture & Fisheries				5,672,963		5,578,146		320,168		320,168
Science, Energy & Technology				3,461,326		3,343,731		0		0
Post & Telecommunications Dept.				1,655,551		1,621,337		1,695,718		1,695,718
Transport and Mining				3,203,140		3,129,942		181,163		181,163
Local Govt. & Community Development				10,899,150		10,899,150		10,853,016		10,853,016
Culture Entertainment & Sports				0		0		281,722		281,722
Youth & Culture				0		0		1,987,229		1,987,229
Agriculture & Fisheries				0		0		4,377,685		4,369,029
Industry, Investment & Commerce				0		0		1,899,129		1,885,884
Science, Technology, Energy& Mining				0		0		5,646,428		5,507,537
Transport, Works & Housing		4.1		0		0		4,133,628		4,133,628
Water, Land, Enviro & Climate Change				0		0		1,240,423		1,240,423
Voted Recurrent				300,193,428		298,972,650		282,923,237		281,292,307
Total Recurrent				463,527,832		462,224,668		429,909,744		427,547,671
CAPITAL EXPENDITURE
Statutory Expenditure (Amortization)				84,414,452		62,407,242		343,888,872		324,069,507
Total Statutory				84,414,452		62,407,242		343,888,872		324,069,507
Voted Expenditure
Office Of The Prime Minister				1,915,176		1,669,606		2,294,767		1,369,806
Office Of The Cabinet				571,254		571,000		293,557		126,832
Tourism & Entertainment				17,000		2,302		17,758		9,947
Economic Growth & Job Creation				13,698,985		13,637,522		2,543,669		2,543,669
Finance & the Public Service				3,718,615		3,632,333		4,006,381		3,470,732
National Security				6,250,342		5,942,663		2,404,924		2,015,016
Justice				920,993		722,388		644,313		310,746
Foreign Affairs & Foreign Trade				0		0		226,463		200,613
Labour & Social Security				6,036,251		5,914,763		5,705,636		5,288,613
Education, Youth & Information				2,598,175		2,330,866		2,313,483		1,979,461
Health				1,626,990		1,481,739		1,168,653		882,400
Culture, Gender, Entertainment & Sport				188,516		131,078		21,500		21,500
Industry, Comm., Agriculture & Fisheries				3,375,250		3,088,431		586,118		586,118
Transport & Mining				2,329,919		2,329,253		581		581

9

Statement IV (cont’d)		Estimates			Issues		Estimates		Issues
		2017			2017		2016		2016
	Notes	$‘000			$‘000		$‘000		$‘000
Local Govt & Community Development			718,410			620,668		473,807		346,725
Science, Energy and Technology			835,743			782,696		0		0
Science, Technology, Energy & Mining			0			0		1,123,320		874,813
Youth & Culture			0			0		91,949		48,777
Agriculture & Fisheries			0			0		3,858,059		3,340,960
Transport, Works& Housing			0			0		6,702,728		6,616,457
Water, Land, Enviro. & Climate Change			0			0		145,049		80,608
TOTAL VOTED			44,801,619			42,857,308		34,622,715		30,114,374
TOTAL CAPITAL			129,216,071			105,264,550		378,511,587		354,183,881
				��
TOTAL RECURRENT AND CAPITAL	4.1		592,743,903			567,489,218		808,421,331		781,731,552

Accountant General of Jamaica

May 24, 2017

10

GOVERNMENT OF JAMAICA

CONSOLIDATED FINANCIAL STATEMENTS OF THE GOVERNMENT OF JAMAICA

Statement V

Statement of Consolidated Fund Balances

Year Ended March 31, 2017

(Expressed in Jamaican dollars unless otherwise specified)

			2017			2016
	Notes		$‘000			$‘000
GENERAL REVENUE BALANCES
A.    RECURRENT REVENUE
Recurrent Revenue				493,761,523			452,361,343
Recurrent Expenditure				462,224,668			427,547,671
Net Recurrent Revenue				31,536,855			24,813,672
B.    CAPITAL REVENUE
Capital Revenue				19,755,784			9,884,210
C.    LOAN FUND BALANCES
(i) Long Term Loans:
(a) External Loans Raised				34,523,203			15,000,000
(b) Internal Loans Raised				32,344,381			269,822,118
				66,867,584			284,822,118
Capital Revenue and Loan Fund				86,623,369			294,706,328
Capital Expenditure				105,264,550			354,183,881
Deficit on Capital Revenue and Loan Receipts				(18,641,181	)		(59,477,553	)
Net Surplus/(Deficit)				12,895,674			(34,663,881	)
Add:
(i) Net Treasury Bills Issued				1,065,396			17,108
(ii) Imprest Surrendered		5.1		807,050			1,436,886
(iii) Surrendered Warrant Balance				36,271,790			0
(iv) Cash Balance brought forward 1st April				43,632,268			88,355,454
				81,776,503			89,809,448
Consolidated Fund Balance March 31				94,672,176			55,145,566
TSA negative warrant transferred April 1 2016				0			11,513,298
Adjusted Consolidated Fund Balance March 31				94,672,176			43,632,268

11

GOVERNMENT OF JAMAICA

CONSOLIDATED FINANCIAL STATEMENTS OF THE GOVERNMENT OF JAMAICA

Statement VI

Statement of Transfers from the Capital Development Fund

Year Ended March 31, 2017

(Expressed in Jamaican dollars unless otherwise specified)

		$‘000	$‘000
Bauxite Production Levy Received		62,344,173
Less: Refund/Remissions		630,614
Net Receipts			61,713,559
Add: Retained Earnings at 31st March, 2011			2,780,583
			64,494,142
Less: (a) Transfers to Consolidated Fund
	1974/1975	85,000
	1975/1976	125,000
	1976/1977	80,000
	1977/1978	110,000
	1978/1979	268,000
	1979/1980	232,500
	1980/1981	230,000
	1981/1982	300,000
	1982/1983	182,000
	1983/1984	140,000
	1984/1985	397,000
	1985/1986	204,000
	1986/1987	414,000
	1987/1988	269,000
	1988/1989	315,000
	1989/1990	265,000
	1990/1991	555,400
	1991/1992	1,050,000
	1992/1993	-
	1993/1994	2,000,000
	1994/1995	1,500,000
	1995/1996	4,256,000
	1996/1997	1,500,000
	1997/1998	3,439,000
	1998/1999	2,300,000
	1999/2000	1,900,000

12

Statement VI (cont’d)
		$’000
	2000/2001		2,900,000
	2001/2002		1,740,000
	2002/2003		1,436,900
	2003/2004		1,767,500
	2004/2005		2,354,700
	2005/2006		2,996,600
	2006/2007		3,845,000
	2007/2008		4,268,200
	2008/2009		4,200,000
	2009/2010		510,555
	2010/2011		1,400,000
	2011/2012		1,822,268
	2012/2013		720,587
	2013/2014		1,000,000
	2014/2015		526,750
	2015/2016		693
	2016/2017		0
Total Transfers			53,606,653
(b) Grants			9,280,979
(c) Net Levy Written off			153,315	63,040,947
Value of Fund at 31ST MARCH, 2017				1,453,196

13

GOVERNMENT OF JAMAICA

CONSOLIDATED FINANCIAL STATEMENTS OF THE GOVERNMENT OF JAMAICA

Statement VII

Contingency Fund

Year Ended March 31, 2017

(Expressed in Jamaican dollars unless otherwise specified)

		2017		2016
	Notes		$‘000		$‘000
Contingencies Fund Provision			94,000		94,000
Balance at Year End	7.1		94,000		94,000

Accountant General of Jamaica

May 24, 2017

14

GOVERNMENT OF JAMAICA

CONSOLIDATED FINANCIAL STATEMENTS OF THE GOVERNMENT OF JAMAICA

Statement VIII

Local (Internal) Debt

Year Ended March 31, 2017

(Expressed in Jamaican dollars unless otherwise specified)

		2017		2016
		J$ Equivalent		J$ Equivalent
Local Debt	Notes	$‘000		$‘000
I Perpetual Annuities	8.1		155		155
II Market Loans:	8.2
Treasury Bills			5,120,049		4,000,000
J$ Benchmark Investment Notes			727,984,368		694,896,545
US$ Local Benchmark Investment Notes			67,726,495		70,420,703
CPI-Indexed Investment Notes			45,234,113		43,901,999
Total Market Loans			846,065,026		813,219,246
III Institutional Loans:	8.3
Commercial Banks			2,012,500		2,187,500
N.I.F. - PROMISSORY NOTE			10,744		16,116
National Housing Trust			15,810		23,375
Development Bank of Jamaica			401,667		502,084
Total Institutional Loans			2,440,722		2,729,075
Total Local Debt			848,505,902		815,948,477

15

GOVERNMENT OF JAMAICA

CONSOLIDATED FINANCIAL STATEMENTS OF THE GOVERNMENT OF JAMAICA

Statement VIII

Foreign (External) Debt

Year Ended March 31, 2017

(Expressed in Jamaican dollars unless otherwise specified)

			2017		2016
			J$ Equivalent		J$ Equivalent
	Notes		$‘000		$‘000
EXTERNAL DEBT
I Currency Obligations to Commercial Enterprises:		8.4
Bond Holders				670,640,913		645,566,350
ING Bank N.V				310,005		490,071
Commerz Bank				12,050,236		17,283,844
Bank of Nova scotia				2,010,425		2,669,671
UPS Capital				150,095		284,733
Total Currency Obligations to Commercial Enterprises				685,161,674		666,294,669
II Foreign Government & Government Agencies		8.5
US AID				34,837		35,193
Federal Home Loan				555,296		856,199
US Department of Agriculture				4,236,067		4,895,416
China				69,079,912		27,337,558
UK Government				0		547,841
Federal Republic of Germany				1,619,435		1,786,169
Japan				4,037,928		5,511,860
Netherlands Investment Bank				524,540		718,517
Iraqi Fund				2,649,258		2,512,847
Kingdom of Belgium				488,621		541,034
Kuwait				622,243		837,979
India				306,528		400,737
Venezuela				2,730,954		5,443,585
Total Foreign Government & Government Agencies				86,885,619		51,424,935
III International & Multilateral Institutions:		8.6
Inter -American Development Bank				200,047,802		180,210,088
Caribbean Development Bank				35,553,163		36,068,630
Int’l Bank for Reconstruction & Development				102,831,690		99,797,217

16

Statement VIII

Foreign (External) Debt (cont’d)

OPEC Fund for Int’l Development	3,095,600	2,863,118
European Economic Community Commission	3,461,525	3,748,139
European Investment Bank	62,551	72,582
NORDIC Development Fund	731,958	753,379
International Monetary Fund	26,198,338	25,773,611
Total International & Multilateral Institutions	371,982,627	349,286,765
TOTAL FOREIGN DEBT	1,144,029,920	1,067,006,369
TOTAL LOCAL & FOREIGN DEBT	1,992,535,822	1,882,954,846

17

Notes to the Financial Statements

				2017		2016
INTERNAL DEBT	Notes		CURRENCY	J$ Equivalent J$‘000		J$ Equivalent J$‘000
I PERPETUAL ANNUITIES		8.1
PERPETUAL ANNUITIES			J$		155		155
SUB-TOTAL CATEGORY I (PERPETUAL ANNUITIES)			J$		155		155
II MARKET LOANS		8.2
(a) TREASURY BILLS
Treasury Bills Issue - 6.10% Due -Apr-17			J$		400,000		400,000
Treasury Bills Issue - 5.62% Due -Apr-17			J$		400,000		400,000
Treasury Bills Issue - 5.83% Due -Apr-17			J$		400,000		400,000
Treasury Bills Issue - 5.92% Due -May-17			J$		400,000		400,000
Treasury Bills Issue - 6.20% Due -May-17			J$		400,000		400,000
Treasury Bills Issue - 6.28% Due -May-17			J$		400,000		400,000
Treasury Bills Issue - 6.13% Due -Jun-17			J$		400,000		400,000
Treasury Bills Issue - 6.56% Due Jun-17			J$		400,000		400,000
Treasury Bills Issue - 6.27% Due -July-17			J$		400,000		400,000
Treasury Bills Issue - 6.11% Due -Aug-17			J$		400,000		400,000
Treasury Bills Issue - 6.74% Due -Aug-17			J$		320,049		0
Treasury Bills Issue - 6.32% Due -Sept-17			J$		400,000		0
Treasury Bills Issue - 6.49% Due -Nov-17			J$		400,000		0
SUB-TOTAL (a) Treasury Bills			J$		5,120,049		4,000,000
(h) Jamaica Dollar Benchmark Investment Notes
GOJ FIXED RATE 7.55% BENCHMARK INVESTMENT NOTES - Due 2017			J$		4,000,000		4,000,000
GOJ FIXED RATE 12.75% BENCHMARK INVESTMENT NOTES - Due 2019			J$		123,032		123,032
GOJ FIXED RATE 8.75% BENCHMARK INVESTMENT NOTES - Due 2022			J$		4,000,000		4,000,000
GOJ FIXED RATE 12.875% B/marK INVESTMENT INVESTMENT NOTES - Due 2024			J$		65,791		65,791
GOJ FIXED RATE 13.25% BENCHMARK INVESTMENT NOTES - Due 2040			J$		7,431		7,431
GOJ FIXED RATE 7.50% BENCHMARK INVESTMENT NOTES - Due 2017			J$		64,487,903		72,598,903
GOJ FIXED RATE 7.75% BENCHMARK INVESTMENT NOTES - Due 2018			J$		3,485,916		3,485,916
GOJ FIXED RATE 8.50% BENCHMARK INVESTMENT NOTES - Due 2019			J$		40,523,485		40,523,485

18

Notes to the Financial Statements (cont’d)

			2017		2016
INTERNAL DEBT	Notes	CURRENCY	J$ Equivalent J$‘000		J$ Equivalent J$‘000
GOJ FIXED RATE 11.00% BENCHMARK INVESTMENT NOTES - Due 2024		J$		23,704,500		23,704,500
GOJ FIXED RATE 11.875% BENCHMARK INVESTMENT NOTES - Due 2030		J$		24,128,233		24,128,233
GOJ FIXED RATE 11.25% BENCHMARK INVESTMENT NOTES - Due 2046		J$		2,896,759		2,896,759
GOJ FIXED RATE 12.25% BENCHMARK INVESTMENT NOTES - Due 2050		J$		32,049,134		32,049,134
GOJ FIXED RATE BENCHMARK INVESTMENT NOTES - Due 2024B		J$		10,255,060		10,255,060
GOJ FIXED RATE BENCHMARK INVESTMENT NOTES - Due 2024C		J$		8,700,929		8,700,929
GOJ FIXED RATE BENCHMARK INVESTMENT NOTES - Due 2030B		J$		1,206,246		1,206,246
GOJ FIXED RATE ACCRETING INVESTMENT NOTES - Due 2028		J$		118,735,472		117,284,783
GOJ FIXED RATE 6.625% BENCHMARK INVESTMENT NOTES - Due 2018		J$		4,000,000		4,000,000
GOJ FIXED RATE 7.75% BENCHMARK INVESTMENT NOTES - Due 2022		J$		3,000,000		3,000,000
GOJ FIXED RATE 11.25% BENCHMARK INVESTMENT NOTES - Due 2046		J$		14,020,650		8,000,000
GOJ FIXED RATE 9.50% BENCHMARK INVESTMENT NOTES - Due 2026		J$		18,626,573		3,367
GOJ FIXED RATE 9.625% BENCHMARK INVESTMENT NOTES - Due 2031		J$		12,109,279		0
GOJ FIXED RATE 7.25% BENCHMARK INVESTMENT NOTES - Due 2021		J$		2,995,000		0
GOJ VARIABLE RATE BENCHMARK INVESTMENT NOTE - DUE 2018		J$		4,952		4,952
GOJ VARIABLE RATE BENCHMARK INVESTMENT NOTE - DUE 2020		J$		2,000		2,000
GOJ VARIABLE RATE BENCHMARK INVESTMENT NOTE - DUE 2022		J$		2,049		2,049
GOJ VARIABLE RATE BENCHMARK INVESTMENT NOTE - DUE 2027		J$		2,000		2,000
GOJ VARIABLE RATE BENCHMARK INVESTMENT NOTE - Due 2018		J$		58,438,296		58,438,296
GOJ VARIABLE RATE BENCHMARK INVESTMENT NOTE - Due 2019		J$		8,415,704		8,415,704
GOJ VARIABLE RATE BENCHMARK INVESTMENT NOTE - Due 2020		J$		89,497,119		89,497,119
GOJ VARIABLE RATE BENCHMARK INVESTMENT NOTE - Due 2023		J$		39,888,333		39,888,333
GOJ VARIABLE RATE STEP UP BENCHMARK INVESTMENT NOTE - Due 2025		J$		91,922,866		91,922,866
GOJ VARIABLE RATE STEP UP BENCHMARK INVESTMENT NOTE - Due 2035		J$		46,689,657		46,689,657
(h) Jamaica Dollar Benchmark Investment Notes		J$		727,984,368		694,896,545
(I) United States Dollar Local Benchmark Investment Notes
GOJ FIXED RATE FR 5.25% US$ BENCHMARK NOTE - 2020A		US$		32,729,936		6,181,458
GOJ FIXED RATE 5.25% US$ BENCHMARK NOTE - 2020B		US$		34,996,558		31,044,665

19

Notes to the Financial Statements (cont’d)

				2017		2016
INTERNAL DEBT	Notes		CURRENCY	J$ Equivalent J$‘000		J$ Equivalent J$‘000
(I) United States Dollar Local Benchmark Investment Notes			US$		67,726,495		70,420,703
(j) CPI-Indexed Investment Notes
CPI -INDEXED INVESTMENT NOTES - DUE 2022			J$		5,586		5,422
CPI -INDEXED INVESTMENT NOTES - Due 2025			J$		9,398,644		9,121,860
CPI -INDEXED INVESTMENT NOTES - Due 2033			J$		24,028,089		23,320,478
CPI -INDEXED INVESTMENT NOTES - Due 2040			J$		11,801,794		11,454,239
SUB-TOTAL (j) CPI-Indexed Investment Notes			J$		45,234,113		43,901,999
TOTAL CATEGORY II (MARKET LOANS)		8.3	J$		846,065,026		813,219,246
III INSTITUTIONAL LOANS (LOCAL)
(a) COMMERCIAL BANKS
BANK OF NOVA SCOTIA JAMAICA LIMITED - (Loan to Liquidate SCJ’s Debts - $3,000.00Mn)			J$		1,725,000		1,875,000
BANK OF NOVA SCOTIA JAMAICA LIMITED - (Loan to Liquidate SCJ’s Debts - $500.00Mn)			J$		287,500		312,500
SUB-TOTAL BANK OF NOVA SCOTIA JA. LTD.			J$		2,012,500		2,187,500
(b) PUBLIC SECTOR ENTITIES
N.I.F. - PROMISSORY NOTE $134.29Mn - DUE 2019 (Re: W/H Tax on LRS)			J$		10,744		16,116
NATIONAL HOUSING TRUST (Renovation of JDF Housing Stock)			J$		15,810		23,375
DEVELOPMENT BANK OF JAMAICA (Assumption of SCJ Debt to DBJ)					401,667		502,084
(b) PUBLIC SECTOR ENTITIES			J$		428,222		541,575
SUB-TOTAL CATEGORY III (INSTITUTIONAL LOANS - LOCAL)			J$		2,440,722		2,729,075
TOTAL INTERNAL DEBT			J$		848,505,902		815,948,477

20

Notes to the Financial Statements (cont’d)

EXTERNAL DEBT	Notes		Currency		Balance $‘000		2017 J$ Equivalent $‘000		Balance $‘000		2016 J$ Equivalent $‘000
I FOREIGN CURRENCY OBLIGATIONS TO COMMERCIAL ENTERPRISES		8.4
1) BOND HOLDERS
US250M BOND 11.625% DUE 2022				US		250,000		32,166,800		250,000		30,510,525
US300M BOND 10.625% DUE 2017				US		79,050		10,171,111		411,000		50,159,303
US$250M 9.25% NOTES DUE 2025				US		250,000		32,166,800		250,000		30,510,525
US$250M 8.5% BOND DUE 2036				US		250,000		32,166,800		250,000		30,510,525
US$500M 8 % BOND DUE 2039				US		1,243,238		159,963,952		500,000		61,021,050
US$750M 8% GLOBAL BOND 2019				US		280,169		36,048,612		750,000		91,531,575
US$200M 8.5% BOND DUE 2021				US		78,306		10,075,454		92,702		11,313,556
US$800M 7.625% Bond DUE 2025				US		800,000		102,933,760		800,000		97,633,680
US$ 1.35B 6.75% Bond DUE 2028				US		1,345,450		173,115,284		1,350,000		164,756,835
US$650M 7.875% BOND DUE 2045				US		636,000		81,832,339		636,000		77,618,776
TOTAL - BOND HOLDERS								670,640,913				645,566,350
2) ING BANK N.V.
3 Damen Offshore Surveillance Vessels fo JDF				US		2,409		310,005		4,016		490,071
TOTAL								310,005				490,071
3) COMMERZBANK
FINANCING OF HALF WAY TREE TRANSPORT CENTRE (1140A)				EURO		7,909		1,090,198		11,864		1,649,930
FINANCING OF HALF WAY TREE TRANSPORT CENTRE (1140B)				EURO		1,103		151,986		2,205		306,694
ADDENDUM FINANCING OF HALF WAY TREE TRANSPORT CENTRE (1140B 2)				EURO		470		64,833		941		130,827
63 MISTRAL BUSES & SPARE PARTS - KGN & METRO AREAS (ref.# 1169)				EURO		0		0		1,390		193,359
FINANCING OF BUSES & SPARE PARTS - KGN & METRO AREAS (ref.# 1178)				EURO		687		94,669		2,060		286,549
37 JONCKHEERE BUSES 30 VDL (1168)				EURO		1,629		224,575		2,716		377,663
160 BUSES AND SPARE PARTS (1179)				EURO		8,220		1,133,001		16,440		2,286,297
230 JONCKHEERE MISTRAL BUSES, SPARE PARTS AND TOOLS (1195)				EURO		67,405		9,290,975		86,663		12,052,525
TOTAL - COMMERZBANK								12,050,236				17,283,844
4) BANK OF NOVA SCOTIA
RIVER TRAINING AND BRIDGE SURVEY (MURRAY PROGRAMME)				US		15,625		2,010,425		21,875		2,669,671
TOTAL - BANK OF NOVA SCOTIA								2,010,425				2,669,671
5) UPS CAPITAL
FINANCING 60 GARBAGE COMPACTORS, 2 TRUCKS, 4 TRAILERS				US		1,167		150,095		2,333		284,733
TOTAL UPS CAPITAL								150,095				284,733
FOREIGN CURRENCY OBLIGATIONS TO COMMERCIAL ENTERPRISES								685,161,674				666,294,669

21

Notes to the Financial Statements (cont’d)

EXTERNAL DEBT	Notes		Currency		Balance $‘000		2017 J$ Equivalent $‘000		Balance $‘000		2016 J$ Equivalent $‘000
II FOREIGN GOVERNMENT AND GOVERNMENT AGENCIES		8.5
a) UNITED STATES
1. U.S. AGENCY FOR INTERNATIONAL DEVELOPMENT
532-T-046D CROP DIVERSIFICATION & IRRIGATION PROJ.				US		271		34,837		288		35,193
TOTAL - U.S. AGENCY FOR INTERNATIONAL DEVELOPMENT								34,837				35,193
2. FEDERAL HOME LOAN BANK OF BOSTON
532-HG-012-AO3 FINANCE FOR HOUSING PROJECT				US		600		77,200		1,200		146,451
532-HG-013-AO1 FINANCE FOR HOUSING PROJECT				US		1,452		186,801		2,420		295,305
532-HG-014 FINANCING- SHELTER FOR LOW INCOME FAMILY				US		2,264		291,295		3,396		414,443
TOTAL - FEDERAL HOME LOAN								555,296				856,199
3. UNITED STATES DEPARTMENT OF AGRICULTURE
91 JMI USDA PL480 - 1991 DELIVERIES (17.805)				US		3,561		458,209		4,273		521,539
91 JMI PL480 AGREEMENT 4.66M - 1990 DELIVERIES				US		745		95,839		931		113,630
91 JMI PURCHASE OF FOOD CALENDAR YEAR 1991 (9.869)				US		1,974		253,972		2,369		289,074
93 JMI GOJ/CCC PL480 AGREEMENT 20.76M - 1992 DELIVERIES				US		4,982		641,046		5,813		709,378
PL 480 PURCHASE OF FOOD 14.694 -1994 DELIVERIES				US		2,204		283,602		2,939		358,666
PL480 AGREEMENT 1995 DELIVERIES (AGR.5.12.94)				US		2,684		345,368		2,684		327,585
PL 480 FOR CALENDAR YEAR 1996 DELIVERIES (14.879)				US		2,976		382,907		3,720		453,989
PL 480 FOR CALENDAR YEAR 1998 DELIVERIES (4.99)				US		625		80,413		937		114,409
99 JMI PL480 FOR 1999 DELIVERIES1677454.69				US		1,677		215,833		2,237		272,960
PL 480 FOR CALENDAR YEAR 2000 DELIVERIES				US		799		102,765		1,198		146,211
91 JMI PL480 8.39M				US		1,679		216,014		2,015		245,870
PL-480 1997 DELIVERABLES				US		333		42,907		667		81,395
PL-480 2004 DELIVERABLES				US		8,683		1,117,191		10,330		1,260,710
TOTAL - UNITED STATES DEPT. OF AGRICULTURE						32,923		4,236,067				4,895,416
b) CHINA
1. EXIM BANK OF CHINA
EQUIPMENT/SUPPLIES FOR JAMAICA WATER SYSTEM (01.2.2005)				CNY		33,333		622,320		42,857		808,701
REPUBLIC OF CHINA (GREENFIELD STADIUM)				CNY		135,521		2,530,126		151,650		2,861,593
MONTEGO BAY CONVENTION CENTRE				CNY		248,387		4,637,290		270,968		5,113,080

22

Notes to the Financial Statements (cont’d)

EXTERNAL DEBT	Notes	Currency		Balance $‘000		2017 J$ Equivalent $‘000		Balance $‘000		2016 J$ Equivalent $‘000
PALISADOES SHORELINE PROTECTION REHABILITATION WORKS PROJECT			USD		41,832		5,382,406		46,480		5,672,517
JAMAICA ECONOMIC HOUSING PROJECT			CNY		423,897		7,913,997		455,297		8,591,319
JAMAICA ROAD IMPROVEMENT & REHABILITATION WORKS PROJECT			USD		289,000		37,184,821
MAJOR INFRASTRUCTURE DEVELOPMENT PROGRAMME			USD		81,105		10,435,559		32,062		3,912,954
2. PEOPLES REPUBLIC OF CHINA 20.0MN YUAN
AGREEMENT ON ECONOMIC AND TECHNICAL CO-OPERTION 20.0M YUAN			CNY		20,000		373,392		20,000		377,394
TOTAL CHINA							69,079,912				27,337,558
c) UNITED KINGDOM
UKG 92/95 RESCHEDULING			UK		0		0		3,158		547,841
TOTAL-UNITED KINGDOM GOVERNMENT											547,841
d) FEDERAL REPUBLIC OF GERMANY
1. KREDITANSTALT FUR WIEDERAUFBAU
89-65-857 HURRICANE RECONSTRUCTION ASSISTANCE III			EURO		5,108		704,132		5,693		791,730
93-65-941 SUPPLIES AND SERVICES			EURO		2,448		337,438		2,623		364,778
89-65-121 HURRICANE RECONSTRUCTION ASSISTANCE 2			EURO		4,192		577,865		4,528		629,658
94-65-345 REHABILITATION OF 2 HOSPITALS			EURO		0		0				3
TOTAL - KREDITANSTALT FUR WIEDERAUFBAU							1,619,435				1,786,167
e) JAPAN
1. OVERSEAS ECONOMIC CORPORATION FUND
JM-P3 MONTEGO BAY WATER SUPPLY PROJECT			YEN		420		484,434		629		683,298
JM-P4 TELECOMMUNICATION NETWORK EXPANSION PROJ.			YEN		796		918,611		1,193		1,295,709
JM-P5 NORTH COAST DEVELOPMENT PROJECT			YEN		0		0		465		504,573
JM-P6 KGN WATER SUPPLY PROJECT			YEN		2,282		2,634,883		2,789		3,028,279
TOTAL - OVERSEAS ECONOMIC CORPORATION FUND							4,037,928				5,511,860
f) NETHERLAND INVESTMENT BANK
1978.03 PURCHASE OF GOODS			EURO		505		69,579		547		76,053
1980.02 CONSOLIDATION OF INTEREST AMOUNTS			EURO		171		23,556		183		25,464
1987.01 RESCHEDULING OF DEBT AGREEMENT 1987/88			EURO		430		59,202		859		119,464
1989.01 NETHERLANDS 88/89 RESCHEDULING			EURO		1,320		182,015		1,761		244,861
1989.01 NETHERLANDS 90/91 RESCHEDULING			EURO		1,380		190,188		1,725		239,864
1985 NETHERLANDS 1985/86 RESCHEDULING			EURO		0		0		92		12,811
TOTAL - NETHERLAND INVESTMENT BANK							524,540				705,706

23

Notes to the Financial Statements (cont’d)

EXTERNAL DEBT	Notes	Currency		Balance $‘000		2017 J$ Equivalent $‘000		Balance $‘000		2016 J$ Equivalent $‘000
g) IRAQI FUND FOR EXTERNAL DEVELOPMENT
1. SOUTH MANCHESTER ALUMINA PLANT PROJECT			US		14,710		1,892,695		14,710		1,795,239
2. GOVERNMENT REPULIC OF IRAQ			US		5,880		756,563		5,880		717,608
TOTAL - IRAQI FUND							2,649,258				2,512,847
h) BELGIUM
1. GOVT. OF THE KINGDOM OF BELGIUM
UPGRADE LIGHTING AT SANGSTER INTERNATIONAL AIRPORT			EURO						23		3,220
MODERNIZATION OF KINGSTON MUNICIPALITY			EURO		3,545		488,621		3,867		537,815
TOTAL - GOVT. OF THE KINGDOM OF BELGIUM							488,621				541,034
i) KUWAIT
BUSHY PARK SANDY BAY ROAD PROJECT 591			KWD		350		147,651		700		282,692
ROAD REHABPROJECT 616			KWD		1,125		474,592		1,375		555,288
TOTAL - KUWAIT							622,243				837,979
j) INDIA
EXPORT-IMPORT BANK			US		2,382		306,528		3,284		400,737
TOTAL INDIA							306,528				400,737
k) VENEZUELA					21,225
MONTEGO BAY SPORTS COMPLEX PH 3 (21-294)			US		5,019		645,718		5,791		706,695
PORT MARIA CIVIC CENTRE PH 2 (20-293)			US		1,320		169,818		1,320		161,074
ENERGY CO-OPERATION AGREEMENT			US		14,887		1,915,419		37,494		4,575,816
TOTAL VENEZUELA							2,730,954				5,443,585
TOTAL FOREIGN GOVERNMENT & GOVERNMENT AGENCIES							86,885,619				51,412,122
III INTERNATIONAL & MULTILATERAL INSTITUTIONS			8.6
a) INTER-AMERICAN DEVELOPMENT BANK
654/OC-JA RURAL TOWNSHIP DEVELOPMENT PROG. 3			US		267		34,384		1,336		163,068
655/OC-JA RURAL TOWNSHIP DEVELOPMENT PROG. 3			US		930		119,598		2,789		340,318
697/OC-JA PRIMARY EDUCATION IMPROVEMENT PROG. 2			US		2,532		325,726		4,219		514,923
714/SF-JA AGRIURAL DEVELOPMENT PROGRAMME			US		344		44,237		573		69,961
714/SF-JA AGRICULTURAL DEVELOPMENT PROGRAMME			VEF		2		65		2		65
714/SF-JA AGRICULTURAL DEVELOPMENT PROGRAMME			EURO		29		4,020		49		6,759
714/SF-JA AGRICULTURAL DEVELOPMENT PROGRAMME			UK		23		3,720		39		6,740
714/SF-JA AGRICULTURAL DEVELOPMENT PROGRAMME			YEN		13		15,575		22		24,409
765/SF-JA IMPROVEMENT & MAINT. RURAL ROADS			US		643		82,686		1,028		125,489
765/SF-JA IMPROVEMENT & MAINT. RURAL ROADS			UK		78		12,464		104		18,066

24

Notes to the Financial Statements (cont’d)

EXTERNAL DEBT	Notes	Currency		Balance $‘000		2017 J$ Equivalent $‘000		Balance $‘000		2016 J$ Equivalent $‘000
765/SF-JA IMPROVEMENT & MAINT. RURAL ROADS			EURO		59		8,129		77		10,664
765/SF-JA IMPROVEMENT & MAINT. RURAL ROADS			EURO		0		0		2		310
765/SF-JA IMPROVEMENT & MAINT. RURAL ROADS			CAD		149		14,502		199		18,411
765/SF-JA IMPROVEMENT & MAINT. RURAL ROADS			NOK		170		2,542		226		3,338
787/SF-JA WEST KINGSTON RE-DEVELOPMENT PROJECT			US		99		12,786		124		15,159
787/SF-JA WEST KINGSTON RE-DEVELOPMENT PROJECT			VEF		1		51		1		51
787/SF-JA WEST KINGSTON RE-DEVELOPMENT PROJECT			YEN		2		2,350		3		2,763
787/SF-JA WEST KINGSTON RE-DEVELOPMENT PROJECT			EURO		7		975		8		1,093
787/SF-JA WEST KINGSTON RE-DEVELOPMENT PROJECT			CAD		19		1,881		24		2,239
4-H CLUB			US		16		1,997		17		2,131
812/SF-JA-LAND TITLING PROJECT			US		427		54,895		1,217		148,525
1005/OC-JA JAMAICA SOCIAL INVESTMENT FUND			US		2,441		314,124		3,174		387,334
1028/OC-JA HEALTH SECTOR REFORM PROGRAMME			US		2,158		277,614		2,550		311,196
1185/OC-JA SOLID WASTE MANAGEMENT PROGRAMME			US		1,355		174,287		1,535		187,355
1197/OC-JA PARISH INFRASTRUCTURE			US		4,386		564,303		4,971		606,614
1219/OC-JA LAND ADMINISTRATION AND MANAGEMENT PROGRAMME			US		1,289		165,903		1,658		202,321
1264/OC-JA PRIMARY EDUCATION SUPPORT PROGRAMME			US		13,485		1,735,053		15,761		1,923,471
1268/OC-JA FINANCIAL SECTOR REFORM PROGRAMME			US		40,000		5,146,688		50,000		6,102,105
1283/OC-JA AGRICULTURAL SUPPORT SERVICES PROJECT			US		8,306		1,068,691		9,229		1,126,293
1344/OC-CITIZEN, SECURITY & JUSTICE			US		6,754		869,005		7,465		911,024
1355/OC-JA SOCIAL SAFETY NET REFORM			US		20,000		2,573,344		26,000		3,173,095
1360/OC-JA RURAL WATER PROGRAMMEME			US		3,788		487,359		4,167		508,491
1363/OC -JA -NATIONAL ROAD SERVICES IMPROVEMENT			US		6,381		821,045		7,657		934,523
1419/OC-JA EMERGENCY RECONSTRUCTION			US		7,826		1,006,935		8,571		1,046,048
1438/OC/JA -RE INFORMATION AND COMMUNICATION TECHNOLOGY PROJECT			US		5,080		653,566		5,521		673,820
1562/OC-JA -NATIONAL DEVELOPMENT IRRIGATION PROGRAMME			US		7,179		923,638		7,992		975,377
1959/OC/JA-EMERGENCY RESPONSE TO FLOOD DAMAGE 2007			US		8,000		1,029,315		8,500		1,037,335
1972/OC/JA-COMPETITIVENESS ENHANCEMENT PROGRAMME			US		23,000		2,959,346		25,000		3,051,053
2026/OC/JA-TRANSPORTATION INFRASTRUCTURE REHAB. PROGRAMME			US		42,922		5,522,598		45,446		5,546,370
2039/OC/JA-YOUTH DEVELOPMENT PROGRAMME PHASE 1			US		8,208		1,056,040		8,690		1,060,586
2058/OC/JA-PUBLIC FINANCIAL & PERFORMANCE MANAGEMENT			US		48,000		6,176,026		52,000		6,346,189
2074/OC/JA-EDUCATION REFORM PROGRAMME			US		24,000		3,088,013		26,000		3,173,095
2100/OC/JA-SUPPLEMENTAL LOAN TO FINANCE THE PESP ACTIVITIES			US		9,876		1,270,769		9,782		1,193,857
1559/OC/JA -1- SOCIAL PROTECTION SUPPORT FOR FOOD PRICE CRISIS			US		10,125		1,302,755		10,875		1,327,208
2272/OC/JA-CITIZEN SECURITY AND JUSTICE PROGRAMME 11			US		18,000		2,316,010		19,000		2,318,800
2276/OC/JA-ROAD IMPROVEMENT PROGRAMME			US		8,799		1,132,167		9,288		1,133,531
2299/OC/JA-HUMAN CAPITAL AND PROTECTION PROGRAMME			US		43,333		5,575,579		46,667		5,695,298
2297/OC/JA-COMPETITIVE ENHANCEMENT PROGRAMME			US		52,000		6,690,694		56,000		6,834,358
2298/OC/JA-PUBLIC FINANCIAL & PERFORMANCE MGMT PROG. 11			US		52,000		6,690,694		56,000		6,834,358
2300/OC/JA-SUPPORT FOR EDUCATION SECTOR REFORM 11 (PBL)			US		26,000		3,345,347		28,000		3,417,179

25

Notes to the Financial Statements (cont’d)

EXTERNAL DEBT	Notes	Currency		Balance $‘000		2017 J$ Equivalent $‘000		Balance $‘000		2016 J$ Equivalent $‘000
2301/OC/JA - SUPPORT FOR EDUCATION SECTOR REFORM 11 (Investment)			US		10,461		1,345,993		11,501		1,403,548
2359/OC/JA - FISCAL CONSOLIDATION PG FIRST PROG OPERATION			US		180,000		23,160,096		193,333		23,594,806
2444/OC-JA-AGRICULTURAL COMPETITIVENESS PROGRAMME			US		10,551		1,357,590		11,106		1,355,460
2502/OC/JA-FISCAL CONSOLIDATION PROGRAMME 11			US		186,667		24,017,877		200,000		24,408,420
2519/OC/JA-HUMAN CAPITAL AND PROTECTION PROGRAMME 11			US		46,667		6,004,469		50,000		6,102,105
2521/OC-JA-PUBLIC FINANCIAL & PERFORMANCE MANAGEMENT PROGRAMME III			US		60,000		7,720,032		60,000		7,322,526
2629/OC/JA-ENERGY EFFICIENCY & CONSERVATION PROGRAMME			US		4,311		554,680		4,601		561,457
2658/OC/JA-FISCAL ADMINISTRATION & MODERNIZ. PROGRAMME			US		42,176		5,426,625		30,976		3,780,335
2889/OC-JA-INTEGRATED SOCIAL PROTECTION AND LABOUR PROGRAMME			US		28,268		3,637,141		26,619		3,248,692
3121/OC-JA-PUBLIC SECTOR EFFIENCY PROGRAMME (PSE)			US		2,455		315,932		810		98,893
3122/OC-JA-PUBLIC SECTOR EFFIENCY PROGRAMME (PSE) CHINA CO-FINANCING			US		1,216		156,500		296		36,065
3147/OC-JA-COMPETITIVENESS ENHANCEMENT PROGRAMME III			US		60,000		7,720,032		60,000		7,322,526
3148/OC-JA-FISCAL STRUCTURAL PROGRAMME FOR ECONOMIC GROWTH			US		80,000		10,293,376		80,000		9,763,368
3191/OC-JA-CITIZEN SECURITY JUSTICE PROGRAMME III			US		8,357		1,075,275		5,587		681,817
3381/SX-JA-ADAPT PGROGRAMME & FINANCE MECHANISM FOR THE PILOT PROGRAMME FOR PPCR JAM			US		1,625		209,084		0		0
3511/OC-JA-FISCAL STRUCTURAL PROGRAMME FOR ECONOMIC GROWTH II			US		130,000		16,726,736		130,000		15,865,473
3560/OC-JA-EDUCATION SECTOR REFORM III			US		25,000		3,216,680		25,000		3,051,053
3565/OC-JA-INTEGRATED SUPPORT TO JAMAICA SOCIAL PROTECTION STRATEGY			US		16,555		2,130,115		9,000		1,098,379
3704/OC-JA FINANCIAL SYSTEM REFORM SUPPORT PROGRAMME			US		100,000		12,866,720		0		0
3880/OC-JA-FISCAL STRUCTURAL PROGRAMME FOR ECONOMIC GROWTH III			US		50,000		6,433,360		0		0
437-OC/JA-TOWNSHIP DEVELOPMENT PROGRAMME			UAO		0		0		1,516		340,154
638/SF-JA HYDROCARBON EXPLORATION PROJECT			EURO		0		0		46		5,839
638/SF-JA HYDROCARBON EXPLORATION PROJECT			EURO		0		0		35		4,216
638/SF-JA HYDROCARBON EXPLORATION PROJECT			EURO		0		0		7		2,176
972/OC-JA NORTHERN COASTAL HIGHWAY PROJECT			US		0		0		5,326		650,016
TOTAL - INTER-AMERICAN DEVELOPMENT BANK							200,047,802				180,210,088
b) CARIBBEAN DEVELOPMENT BANK
04/SFR-JAM -SECOND WATER PROJECT			US		658		84,696		797		97,247
05/SFR -JAM REHAB. HURRICANE DAM.			US		1,731		222,693		2,360		288,036
06/SFR JAM -ROAD IMPROVEMENT			US		406		52,252		522		63,722
06/SFR JAM1 -WISCO JAMAICA			EURO		368		50,772		433		60,242
08/SFR-JAM -RURAL ELECTRIFICATION			US		2,803		360,716		3,177		387,762
10/SFR-OR-JAM -SOCIAL INVESTMENT FUND			US		7,303		939,718		8,151		994,811
11/SFR-OR-JAM -CITRUS REPLANTING 11310-001			US		391		50,301		483		58,937
25/SFR-OR-JAM CITRUS REPLANTING			US		0		0		2,906		354,682

26

Notes to the Financial Statements (cont’d)

EXTERNAL DEBT	Notes	Currency		Balance $‘000		2017 J$ Equivalent $‘000		Balance $‘000		2016 J$ Equivalent $‘000
12/SFR-OR-JAM 11315-001 -FINANCIAL SECTOR REFORM			US		6,250		804,170		7,917		966,167
12/SFR-OR JAM-11315-002 UNIFIED-SDF FINANCIAL SECTOR REFORM.			US		1,033		132,876		1,262		154,042
13/SFR-OR-JAM-ENHANCEMENT OF BASIC SCHOOL (OCR)			US		3,569		459,173		4,029		491,727
13/SFR OR JAM -ENHANCEMENT OF BASIC SCHOOL			US		3,892		500,711		4,271		521,264
14/SFR-OR-JAM -001 IRRIGATION DEV. PROJ			US		2,944		378,802		3,412		416,394
15/SFR-OR-JAM -REHAB. OF FLOOD DAMAGE tr 1			US		7,666		986,417		9,000		1,098,344
15/SFR-OR-JAM -REHAB. OF FLOOD DAMAGE tr 2			US		2,150		276,622		2,483		303,059
15/SFR-OR-JAM REHAB OF FLOOD DAMAGE ADDITIONAL LOAN			US		3,725		479,231		4,561		556,591
16/SFR-JAM-DEVELOPMENT PLANNING FRAMEWORK			US		337		43,370		487		59,419
16/SFR-OR-JAM -WASHINGTON BOULEVARD IMPROVEMENT			US		11,324		1,456,977		12,162		1,484,243
17/SFR-JAM- NATIONAL DISASTER RESPONSE HURRICANE DEAN			US		78		10,008		14,758		1,801,144
17/SFR-OR -JAM- HURRICANE DEAN REHAB WORKS			US		13,758		1,770,179		130		15,822
18/SFR-JAM-NATURAL DISASTER MANAGEMENT IMMEDIATE RESPONSE (TROPICAL STORM GUSTAV)			US		188		24,125		250		30,511
18/SFR-OR- JAM-UTECH ENHANCEMENT PROJECT			US		13,614		1,751,669		9,749		1,189,771
19/SFR-JAM COMMUNITY INVESTMENT PROJECT			US		9,485		1,220,448		9,485		1,157,607
19/SFR-OR-JAM-POLICY BASED LOAN			US		80,333		10,336,265		86,500		10,556,642
20/SFR-JM AGRICULTURAL SUPPORT			US		7,800		1,003,604		7,800		951,928
20/SFR-OR-JAM NATURAL DISASTER GUSTAV MANAGEMENT			US		24,343		3,132,163		24,808		3,027,581
21/SFR-JAM NATURAL DISASTER MANAGEMENT. TROPICAL STORM NICOLE			US		351		45,169		439		53,554
23/SFR-JAM -FISCAL CONSOLIDATIN , GROWTH AND SOCIAL STABILITY			US		35,000		4,503,352		35,000		4,271,474
28/OR-JAM COASTAL HIGHWAY IMPROVEMENT #4			US		34,793		4,476,685		38,131		4,653,588
27/OR-JAM ENHANCEMENT UNIVERSITY OF TECHNOLOGY			US						19		2,320
TOTAL - CARIBBEAN DEVELOPMENT BANK							35,553,163				36,068,630
c) INT’L BANK FOR RECONSTRUCTION & DEVELOPMENT
4819-JM INNER CITY PROJECT			US		14,636		1,883,185		17,072		2,083,516
4878-JM HURRICANE DEAN EMERGENCY RECOVERY			US		6,656		856,400		7,483		913,234
7036-JM DEBT MANAGEMENT PROGRAMME			US		3,068		394,687		9,323		1,137,737
7076-JM SOCIAL SAFETY NET			US		6,664		857,476		10,001		1,220,508
7095-JM EMERGENCY ECONOMIC REHAB.			US		9,323		1,199,500		15,578		1,901,111
7148-JM NATIONAL COMMUNITY DEVELOPMENT			US		3,128		402,503		4,384		535,088
7149-JM REFORM OF SECONDARY EDUCATION PROJECT II			US		2,517		323,853		3,528		430,561
7112-JM HIV/AIDS PROJECT			US		1,778		228,772		2,671		325,980
7150-JM SECOND BANK RECONSTRUCTION DEBT MANAGEMENT PROGRAMME			US		11,250		1,447,506		18,750		2,288,289
7554-JM EARLY CHILDHOOD DEVELOPMENT PROJECT			US		12,914		1,661,590		13,514		1,649,329
7555-JM SOCIAL PROTECTION PROJECT			US		34,463		4,434,259		36,066		4,401,556
7556-JM SECOND HIV/AIDS PROJECT			US		8,321		1,070,698		8,708		1,062,801
7653-JM FISCAL AND DEBT SUSTAINABLILITY DEV POLICY			US		86,000		11,065,379		90,000		10,983,789

27

Notes to the Financial Statements (cont’d)

EXTERNAL DEBT	Notes	Currency		Balance $‘000		2017 J$ Equivalent $‘000		Balance $‘000		2016 J$ Equivalent $‘000
7769-JM RURAL ECONOMIC DEVELOPMENT PROGRAMME			US		13,248		1,704,607		10,279		1,254,504
7856-JM FIRST PROGRAMME FISCAL SUST. DEVELOP. POLICY LOAN			US		187,760		24,158,553		195,920		23,910,488
7815-JM EDUCATION TRANSFORMATION CAPACITY BLDG. PROJECT			US		15,808		2,033,986		15,953		1,946,915
8007-JM ENERGY SECURITY & EFFICIENCY ENHANCEMENT PROJECT			US		13,421		1,726,895		11,178		1,364,178
8084-JM 2ND PROGRAMMEATIC FISCAL SUSTAINABILITY DEVELOPMENT			US		100,000		12,866,720		100,000		12,204,210
8317-JM ECONOMIC STABILITY AND FOUNDATION FOR GROWTH DEVELOPMENT			US		130,000		16,726,736		130,000		15,865,473
8329 ADDITIONAL FINANCING FOR SOCIAL PROTECTION PROGRAMME			US		30,775		3,959,754		24,416		2,979,792
8334-JM JAMAICA EARLY CHILDHOOD DEVELOPMENT PROJECT			US		8,140		1,047,288		5,795		707,244
8356-JM JAMAICA INTEGRATED COMMUNITY DEVELOPMENT PROJECT			US		5,400		694,797		2,358		287,721
8405-JM JAMAICA YOUT EMPLOYMENT IN DIGITAL AND AMINATION INDUSTRIES			US		1,791		230,440		592		72,246
8406-JM JAMIACA STRATEGIC PUBLIC SECTOR TRANSFORMATION			US		5,349		688,212		1,498		182,830
8408-JM FOUNDATIONS FOR COMPETITIVENESS AND GROWTH PROJECT			US		11,562		1,487,619		7,661		934,958
8470-JM FIRST COMPETITIVENESS & FISCAL MANAGEMENT PROGAMMATIC DPL			US		75,000		9,650,040		75,000		9,153,158
8581 -JM JAMAICA DISASTER VULNERABILITY REDUCTION			US		235		30,237		0		0
TOTAL - INT’L BANK FOR RECONSTRUCTION & DEV.					799,207		102,831,690		817,728		99,797,217
d) OPEC FUND FOR INT’L DEVELOPMENT
795-P PARISH INFRASTRUCTURE DEV.			US						333		40,699
831-P EDUCATION SUPPORT PROJECT LOAN			US		1,067		137,254		1,333		162,731
906-P RURAL ROAD REHABILITATION			US		1,833		235,906		2,167		264,438
1007-P NATIONAL COMMUNITY DEVELOPMENT PROJECT			US		2,667		343,125		3,000		366,136
1152-P RURAL ROAD REHABILITATION PHASE 2			US		3,194		411,005		0		0
1238-P BOGUE ROAD IMPROVEMENT PROJECT			US		15,298		1,968,309		16,626		2,029,114
TOTAL - OPEC FUND FOR INT’L DEVELOPMENT					24,059		3,095,600		23,460		2,863,118
e) EUROPEAN ECONOMIC COMMUNITY COMMISSION
LN #8.0032 PROJECT JAMAICA TRADE PROMOTION			EURO		76		10,531		114		15,055
LN #8.0163 RURAL ELECTRIFICATION			EURO		700		96,477		790		10,410
LN #8.0347 SANGSTERS AIRPORT MAIN TERMINAL			EURO		3,698		509,683		3,933		15,868
LN #8.0371 CAST & CTC STUDENT ACCOMMODATION			EURO		719		99,043		760		109,805
LN #8.0383 NEGRIL OCHO-RIOS WASTE WATER PROJECT			EURO		15,375		2,119,322		16,348		547,030
LN #8.0388 CREDIT SCH. FOR MICRO & SMALL ENTERPRISES			EURO		3,680		507,179		3,877		105,639
LN #8.0395 MORANT/YALLAHS AGRICULTURAL DEVELOPMENT PROJ.			EURO		904		124,664		946		2,273,529
LN #8.0006 2000 ACRES BANANA PLANT			EURO		0		0		108		539,208
LN #8.0008 SUPPLY OF EQUIP FOR MICRODAMS & IRRIGATE			EURO		0		0		75		131,594
TOTAL - EUROPEAN ECONOMIC COMMUNITY COMMISSION							3,461,525		26,951		3,748,139

28

Notes to the Financial Statements (cont’d)

EXTERNAL DEBT	Notes	Currency		Balance $‘000		2017 J$ Equivalent $‘000		Balance $‘000		2016 J$ Equivalent $‘000
f) EUROPEAN INVESTMENT BANK
LN #21613 PORT ANTONIO WATER & SEWERAGE PROJECT			EURO		454		62,551		522		72,582
TOTAL - EUROPEAN INVESTMENT BANK					20,413		62,551				72,582
g) NORDIC DEVELOPMENT FUND
NDF #81 PRIMARY EDUCATION IMPROVEMENT PROG.			XDR		1,280		223,708		1,360		233,837
NDF #120 MULTI-SECTORAL PRE-INVESTMENT PROJECT			XDR		1,288		225,119		1,362		234,125
NDF #165 AIRPORT REFORM & IMPROVEMENT PROGRAMME			XDR		1,620		283,131		1,660		285,418
TOTAL - NORDIC DEVELOPMENT FUND							731,958				753,379
h) INTERNATIONAL MONETARY FUND
BUDGETARY SUPPORT TO THE GOVERNMENT OF JAMAICA			XDR		149,900		26,198,338		149,900		25,773,611
TOTAL - INTERNATIONAL MONETAR FUND							26,198,338				25,773,611
TOTAL INTERNATIONAL & MULTINATIONAL INSTITUTIONS							371,982,627				349,286,765
TOTAL FOREIGN DEBT							1,144,029,920				1,067,006,369
GRAND TOTAL FOREIGN & LOCAL							1,992,535,822				1,882,954,846

Exchange Rates:
	2017		2016
US$		128.667		122.042
GBP		159.567		173.463
CAD		97.169		92.522
CHF		128.545		127.439
YEN		1,154.690		1,085.800
DKK		18.506		18.667
EURO		137.839		139.073
KWD		421.860		403.846
NOK		14.981		14.755
CNY		18.670		18.870
XDR		174.772		171.939
SEK		Closed		15.054
UAC		Closed		204.202
VEF		Closed		17.219

29

Notes to the Financial Statements (cont’d)

1.1

The cash flow statement is presented as part of the disclosure encouraged by the IPSAS Cash Standard. It is presented as a primary financial statement.in addition to the other eight statements of the Consolidated Fund. It classifies the flow of funds for the period by operating, investing and financing activities. The classification of these activities is slightly different from the classification now being used by the government. No changes were made to the format of the other statements and so they have been presented in the normal format. The substance of the flows in both formats is the same, as the sources and the uses are the same.

1.2

At March 31, 2016 an amount of $11.513 billion remained in the Central Payment Account representing negative warrants, This amount was transferred to the Consolidated Fund Account in April 2016 and is a part of the opening balance of $43.632 billion.

1.3

The IPSAS cash standard encourages disclosure for receipt of external assistance. This disclosure is made in Statement of Cash Flows and in the Receipt and Payment Statement..

1.4

The amount of $23.050 billion stated at over issues comprised : $807 million returned by MDA to the treasury as a result of closure of the Imprest and $22.243 billion representing amounts unspent by the MDA and surrendered to the Consolidated Fund.

2.1

The Consolidated Fund recorded no financing deficit as financing was available for all budgeted activities From cash balances in the Fund.

3.1

Actual receipts for the period were higher than the targets and the closing balance in the Consolidated Fund Account was higher than that of the prior year.

4.1

Total Issues from the Consolidated Fund were $567.4B compared with total estimates of $592.7B. The absence of budget allocations to some ministries and departments in 2016/2017 as compared to the prior year, is due to changes in and the merging of some ministries and departments in March 2016.

5.1

The amount of $36.271 billion represents warrant reduction of $14,029 billion and amounts of $22.243 billion surrendered (as noted in 1.4) to the Consolidated Fund.

6.1

No transfers were received from the Capital Development Fund in the year.

7.1

The Contingencies Fund is established pursuant to Section 118 of the Constitution and further guided by Section 13 of the FAA Act. The balance in the Contingencies Fund is $84 million.

30

INDEX TO ESTIMATES OF REVENUE

2017-2018

		Page No.
A.	STATEMENT OF REVENUE ESTIMATES
	Statement I - Summary of Revenue and Loan Receipts		32
	Statement II - Details of Revenue and Loan Receipts		34
B.	STATEMENT OF FINANCING OF THE BUDGET
	Statement III - Statement of Statutory Expenditure Charged to the Consolidated Fund		50
	Statement IV - Institutional Projects and Programmes - Funding of Projects		52
C.	SUMMARY ESTIMATES OF EXPENDITURE
	Estimates of Expenditure (Net of Appropriations-In-Aid)		55
	Statutory Provisions and Provisions to be Voted by Head		57

31

2017-2018 JAMAICA BUDGET

STATEMENT I

REVENUE AND LOAN RECEIPTS

SUMMARY

HEAD		ESTIMATES 2017/2018 $		Revised ESTIMATES 2016/17 $		Fund Receipts 2016/2017 (December 2016) $
I	RECURRENT REVENUE
	TAXATION
	Customs		37,548,810,282		33,476,276,362		29,339,305,628
	Income Tax		135,754,145,825		125,565,038,962		84,576,635,510
	Stamp Duties		15,119,014,957		12,878,248,056		11,627,611,363
	Motor Vehicle Licences(Motor Vehicle Act)		3,115,610,213		2,999,620,822		2,292,343,413
	Other Licences		500,588,892		471,159,332		268,041,550
	Travel Tax		15,114,143,468		16,057,666,741		10,809,544,397
	Betting, Gaming and Lotteries-Duties, Fees and Levies		3,081,962,323		2,891,964,593		2,205,378,124
	Education Tax		24,218,607,188		22,194,809,453		16,745,162,510
	Contractors Levy		1,287,454,394		1,049,998,266		866,678,758
	General Consumption Tax		170,621,477,478		155,017,137,888		103,276,587,327
	Special Consumption Tax		69,488,291,153		62,909,582,947		46,215,472,729
	Environmental Levy		3,680,078,843		3,278,121,840		2,524,986,428
	Telephone Call Tax		4,601,767,336		5,227,397,185		3,473,778,646
	Guest Accomodation Room Tax		2,433,215,258		2,178,996,475		1,693,274,209
	Minimum Business Tax		698,948,814		570,991,817		619,299,386
	Quarry Tax		80,000,000		70,000,000		52,714,343
	Import Licences-Trade Board		125,036,755		99,648,457		74,804,282
	Telecommunication Licences		1,160,490,000		866,933,789		43,322,232
	TOTAL		488,629,643,179		447,803,592,986		316,704,940,836
II	NON - TAX REVENUE		27,691,968,747		30,571,062,080		12,366,392,954
	TOTAL RECURRENT REVENUE		516,321,611,926		478,374,655,066		329,071,333,789
III	CAPITAL REVENUE
	Land Sales		80,000,000		—		—
	Loan Repayments		2,148,067,010		8,880,338		510,369,193
	Extraordinary Receipts: Miscelleanous		11,701,300,000		14,539,200,000		20,832,180,257
	TOTAL CAPITAL REVENUE		13,929,367,010		14,548,080,338		21,342,549,450
	TOTAL RECURRENT AND CAPITAL REVENUE		530,250,978,937		492,922,735,404		350,413,883,240
IV	GRANTS
(I)	TRANSFER FROM CAPITAL DEVELOPMENT FUND
	Transfers to Current Account		—		—		—
	Transfers to Capital Account		—		2,818,194,200		—
(II)	EXTERNAL GRANTS

32

2017-2018 JAMAICA BUDGET

STATEMENT I

REVENUE AND LOAN RECEIPTS

SUMMARY

HEAD		ESTIMATES 2017/2018 $		Revised ESTIMATES 2016/17 $		Fund Receipts 2016/2017 (December 2016) $
	Grants from the European Union		—		1,304,033,000		—
	Miscellaneous Grants		—		—		—
	Other Grants		4,352,118,000		3,944,865,000		2,921,751,000
	TOTAL GRANTS		4,352,118,000		8,067,092,200		2,921,751,000
V	LOAN RECEIPTS
	Loan receipts		159,612,040,000		89,384,400,000		55,513,981,573
	TOTAL LOAN RECEIPTS		159,612,040,000		89,384,400,000		55,513,981,573
	TOTAL REVENUE AND LOAN RECEIPTS		689,863,018,937		590,374,227,604		408,849,615,813

33

2017/2018 JAMAICA BUDGET

STATEMENT II

DETAILS OF REVENUE AND LOAN RECEIPTS

REVENUE ITEM DESCRIPTION	Estimates 2017/2018 (‘1) J$		Revised 2016/2017 Estimates (‘2) J$		Consolidated Fund Receipts 2016/2017 (December 2016) (‘3) J$		Budget Increase(+) / Decrease (-) [(1)-(2)] (‘4) J$
TAX REVENUE
Import Duties		37,548,810,282.00		33,476,276,362.42		29,339,305,627.64		4,072,533,919.58
Income Tax-Companies		50,597,653,226.00		45,744,412,792.80		23,683,670,194.79		4,853,240,433.20
Income Tax- Individuals		69,996,075,421.00		66,208,997,620.63		49,194,772,532.92		3,787,077,800.37
Tax on Interest/Dividend		15,160,417,178.00		13,611,628,548.68		11,698,192,781.89		1,548,788,629.32
Stamp Duties (import)		2,482,140,042.00		2,302,058,736.34		1,817,443,064.94		180,081,305.66
Stamp Duties (local)		12,636,874,915.00		10,576,189,319.85		9,810,168,298.48		2,060,685,595.15
Motor Vehicle Licences (Motor Vehicle Act)		3,115,610,213.00		2,999,620,822.06		2,292,343,413.09		115,989,390.94
Customs Brokers		4,800,000.00		4,354,456.00		3,370,761.98		445,544.00
Gaming Machines		286,160,000.00		312,835,770.00		223,534,414.72		(26,675,770.00	)
Tourist Shop Licence		15,660,000.00		14,419,355.00		9,896,742.26		1,240,645.00
Tourist Shop Operators Licence		25,380,000.00		25,127,061.00		11,979,962.62		252,939.00
Hotel Licence Duty		5,037,533.45		12,050,104.00		4,779,093.40		(7,012,570.55	)
Other Licences		163,551,358.55		102,372,585.59		14,480,574.80		61,178,772.96
Travel Tax		8,312,778,907.40		8,831,716,707.76		6,175,272,857.15		(518,937,800.36	)
Passenger Levy		6,801,364,560.60		7,225,950,033.62		4,634,271,540.26		(424,585,473.02	)
Betting, Gaming and Lotteries-Duties, Fees and Levies		3,081,962,323.00		2,891,964,593.38		2,205,378,123.77		189,997,729.62
Education Tax		24,218,607,188.00		22,194,809,453.36		16,745,162,510.20		2,023,797,734.64
Contractors Levy		1,287,454,394.00		1,049,998,266.25		866,678,758.25		237,456,127.75
General Consumption Tax (import)		86,961,139,250.00		77,958,979,780.03		48,850,372,171.10		9,002,159,469.97
General Consumption Tax (local)		83,660,338,228.00		77,058,158,107.92		54,426,215,156.03		6,602,180,120.09
Special Consumption Tax (import)		51,496,296,761.00		48,000,858,086.11		34,034,815,546.08		3,495,438,674.89
Special Consumption Tax (local)		17,991,994,392.00		14,908,724,860.42		12,180,657,182.66		3,083,269,531.58
Environmental Levy (import)		3,260,555,718.00		2,794,102,643.26		2,252,094,750.80		466,453,074.74
Environmental Levy (local)		419,523,125.00		484,019,196.91		272,891,677.57		(64,496,071.91	)
Telephone Call Tax		4,601,767,336.00		5,227,397,184.60		3,473,778,646.16		(625,629,848.60	)
Guest Accomodation Room Tax		2,433,215,258.00		2,178,996,474.89		1,693,274,209.23		254,218,783.11
Minimum Business Tax		698,948,814.00		570,991,817.34		619,299,385.69		127,956,996.66
Quarry Tax		80,000,000.00		70,000,000.00		52,714,343.04		10,000,000.00
Import Licences-Trade Board		125,036,755.00		99,648,457.00		74,804,281.79		25,388,298.00

34

2017/2018 JAMAICA BUDGET

STATEMENT II

DETAILS OF REVENUE AND LOAN RECEIPTS

REVENUE ITEM DESCRIPTION	Estimates 2017/2018 (‘1) J$		Revised 2016/2017 Estimates (‘2) J$		Consolidated Fund Receipts 2016/2017 (December 2016) (‘3) J$		Budget Increase(+) / Decrease (-) [(1)-(2)] (‘4) J$
Telecommunication Licences		1,160,490,000.00		866,933,789.00		43,322,232.28		293,556,211.00
TOTAL TAX REVENUE		488,629,643,179		447,803,592,986		316,704,940,835.59		40,826,050,192.78
OFFICE OF THE CONTRACTOR GENERAL
Contractor’s Registration Fees		4,445,000		4,385,000		6,701,169		60,000
TOTAL - OFFICE OF THE CONTRACTOR GENERAL		4,445,000		4,385,000		6,701,169		60,000
AUDITOR GENERAL’S DEPARTMENT
Audit Fees		10,000,000		—		—		10,000,000
Miscelleanous Fees		25,000		25,000		254,193		—
TOTAL - AUDITOR GENERAL’S DEPARTMENT		10,025,000		25,000		254,193		10,000,000
OFFICE OF THE SERVICES COMMISSIONS
Processing Fees		8,000		7,000		—		1,000
Miscelleanous Fees		10,000		—		2,000		10,000
TOTAL - OFFICE OF THE SERVICES COMMISSIONS		18,000		7,000		2,000		11,000
OFFICE OF THE PRIME MINISTER
Rental Charges		180,000		—		—		180,000
Irrevocable Order		35,000		—		—		35,000
Miscelleanous Receipts		540,000		1,400,000		3,830,332		(860,000	)
TOTAL - OFFICE OF THE PRIME MINISTER		755,000		1,400,000		3,830,332		(645,000	)
ELECTORAL COMMISSION
Registration and ID Card Service		7,000,000		16,000,000		—		(9,000,000	)
Miscelleanous Receipts		42,000		500,000		4,019,686		(458,000	)
TOTAL - ELECTORAL COMMISSION		7,042,000		16,500,000		4,019,686		(9,458,000	)
OFFICE OF THE CABINET
Irrevocable Order		2,000		—		—		2,000
Miscelleanous Receipts		8,000		20,000		580,917		(12,000	)

35

2017/2018 JAMAICA BUDGET

STATEMENT II

DETAILS OF REVENUE AND LOAN RECEIPTS

REVENUE ITEM DESCRIPTION	Estimates 2017/2018 (‘1) J$		Revised 2016/2017 Estimates (‘2) J$		Consolidated Fund Receipts 2016/2017 (December 2016) (‘3) J$		Budget Increase(+) / Decrease (-) [(1)-(2)] (‘4) J$
TOTAL - OFFICE OF THE CABINET		10,000		20,000		580,917		(10,000	)
MINISTRY OF TOURISM
Irrevocable Order		8,000		—		—		8,000
Miscelleanous Receipts		92,000		20,000		1,010,238		72,000
TOTAL - MINISTRY OF TOURISM		100,000		20,000		1,010,238		80,000
MINISTRY OF ECONOMIC GROWTH AND JOB CREATION
Miscelleanous Receipts		—		3,290		1,844,740		(3,290	)
TOTAL - MINISTRY OF ECONOMIC GROWTH AND JOB CREATION		—		3,290		1,844,740		(3,290	)
FORESTRY DEPARTMENT
Timber Sales		4,000,000		—		—		4,000,000
Sale of Seedings		1,800,000		—		—		1,800,000
Miscelleanous Receipts		1,600,000		—		142,173		1,600,000
TOTAL-FORESTRY DEPARTMENT		7,400,000		—		142,173		7,400,000
NATIONAL LAND AGENCY
Miscellaneous Receipts (50% of Gross Receipts)		—		100,000,000		—		(100,000,000	)
Assurance Fund (50% of Gross Receipts)		23,652,000		—		—		23,652,000
Rents - Crown Lands and Other Government Properties		120,000,000		—		—		120,000,000
Land Settlement Properties		22,000,000		—		—		22,000,000
Rental of Land-Leased properties		—		—		—		—
Attorney’s Fee/ Photocopying		—		—		—		—
Miscellaneous Receipts		1,000,000		—		35,664,623		1,000,000
Other Receipts		2,000,000		300,000,000		—		(298,000,000	)
TOTAL NATIONAL LAND AGENCY		168,652,000		400,000,000		35,664,623		(231,348,000	)
MINISTRY OF FINANCE AND THE PUBLIC SERVICE

36

2017/2018 JAMAICA BUDGET

STATEMENT II

DETAILS OF REVENUE AND LOAN RECEIPTS

REVENUE ITEM DESCRIPTION	Estimates 2017/2018 (‘1) J$		Revised 2016/2017 Estimates (‘2) J$		Consolidated Fund Receipts 2016/2017 (December 2016) (‘3) J$		Budget Increase(+) / Decrease (-) [(1)-(2)] (‘4) J$
Fees- Banking Licence Registration (1973) - Commercial Banks		241,100,544		196,531,350		148,250,490		44,569,194
Profits in Government owned companies-Dividends and Financial Distribution		8,800,000,000		15,535,304,003		4,092,990,262		(6,735,304,003	)
Sale of Unserviceable Stores		36,717,807		34,969,340		—		1,748,467
BOJ Profits		—		—		—		—
Sale of Gazettes		1,890,000		1,800,000		—		90,000
Fees-Scotia Bank Jamaica Economic Growth Fund		—		—		—		—
Provident Fund		15,850,000		15,850,000		7,813,380		—
Fees - FIA Licence Registration		7,173,338		6,841,540		19,256,486		331,798
Fees - Building Societies		59,671,544		51,190,610		—		8,480,934
Sale of Forfeited Goods-FID		5,000,000		35,316,000		—		(30,316,000	)
Cash Seized and Forfeited		118,276,345		408,523,950		68,731,666		(290,247,605	)
Miscelleanous Receipts		42,000,000		40,000,000		285,665,635		2,000,000
Forfeiture of Loan Agreement (MDB)		8,400,000		6,000,154		2,525,116		2,399,846
TOTAL - MINISTRY OF FINANCE AND THE PUBLIC SERVICE		9,336,079,578		16,332,326,947		4,625,233,035		(6,996,247,369	)
ACCOUNTANT GENERAL’S DEPARTMENT
Interest on On Lent Loans		2,117,355,053		94,406,296		183,267,384		2,022,948,757
Interest Earned on Local Currency Bank Accounts		132,362,746		662,194,134		6,679,000		(529,831,388	)
Interest Earned on Foreign Currency Bank Accounts		41,723,483		370,760,524		—		(329,037,041	)
Interest Earned on Loans and Advances to Public Officers		29,846,128		10,426,517		18,779,608		19,419,611
Interest on Government Deposits(MDA)		564,415,729		279,905,077		513,945,360		284,510,652
Pension Contributions: 5 % Contribution Scheme		4,176,814,894		1,006,155,085		859,437,576		3,170,659,809
Pension Contribution:Members of the Legislature		7,914,192		7,950,042		4,604,986		(35,850	)
Pension Contributions: Other Government Authorities for Seconded Officers		1,041,569		3,059,216		617,958		(2,017,647	)
Recovery of Pension and Salary		8,122,120		15,541,284		6,188,024		(7,419,164	)
Chancery Fund Commission		—		531,009		—		(531,009	)
Sale of Receipt Books		1,926,077		2,181,510		2,124,951		(255,433	)
Recovery of Prior Years’ Expenditure		95,700		301,454,337		25,004,740		(301,358,637	)
Processing Fees- Salary Deduction		1,562,414		2,324,675		1,278,871		(762,261	)

37

2017/2018 JAMAICA BUDGET

STATEMENT II

DETAILS OF REVENUE AND LOAN RECEIPTS

REVENUE ITEM DESCRIPTION	Estimates 2017/2018 (‘1) J$		Revised 2016/2017 Estimates (‘2) J$		Consolidated Fund Receipts 2016/2017 (December 2016) (‘3) J$		Budget Increase(+) / Decrease (-) [(1)-(2)] (‘4) J$
Miscelleanous Receipts		5,115,397		125,218,502		73,114,467		(120,103,105	)
Registration of Jamica Investment Capital Growth Funds		69,566		—		—		69,566
Fees on Government Guaranteed Loans		—		—		—		—
Executive Agency Investment Fund Management Fees		—		—		—		—
TOTAL - ACCOUNTANT GENERAL’S DEPARTMENT		7,088,365,068		2,882,108,208		1,695,042,925		4,206,256,860
JAMAICA CUSTOMS AGENCY
Warehouse Fees				9,493,198		5,176,975		(9,493,198	)
Receipts from Sale of Seized Items		287,200,000		200,000,000		97,903,355		87,200,000
Penalty Payments for Breaches of Customs Act and Regulations		120,000,000		90,000,000		—		30,000,000
Net Service Charge for Shipping and Airline Carriers		—		—		—		—
Processing Fees		—		—		—		—
Standard and Compliance Fees		28,800,000		26,800,000		—		2,000,000
Customs User/ Administration Fee		5,400,000,000		5,607,051,467		—		(207,051,467	)
Irrevocable Standing Orders		—		185,000		—		(185,000	)
Miscelleanous Receipts		4,014,000		18,460,000		3,472,667,676		(14,446,000	)
TOTAL - JAMAICA CUSTOMS AGENCY		5,840,014,000		5,951,989,665		3,575,748,005		(111,975,665	)
TAX ADMINISTRATION OF JAMAICA
Penalty for late and non-payment of sundry taxes and licences		620,000		600,000		—		20,000
Penalty for Breaches of Spirit Licences		450,000		500,000		—		(50,000	)
Property Tax (2.5%)		160,000,000		150,000,000		—		10,000,000
National Health Fund(NHF 2.5%)		—		—		—		—
Passport Immigration & Citizenship Agency Fee 0.5%		440,000		400,000		—		40,000
Road Maintenance Fund 2.5%		33,000,000		30,000,000		—		3,000,000
Special Consumption Tax 2.5%		—		4,500,000		—		(4,500,000	)
Island Traffic Authority 20%		11,000,000		—		—		11,000,000
Police User Fees		300,000,000		—		—		300,000,000
Trade Licence 2.5%		6,000,000		287,000,000		—		(281,000,000	)
Miscellaneous Receipts		24,000,000		300,000,000		179,853,923		(276,000,000	)

38

2017/2018 JAMAICA BUDGET

STATEMENT II

DETAILS OF REVENUE AND LOAN RECEIPTS

REVENUE ITEM DESCRIPTION	Estimates 2017/2018 (‘1) J$		Revised 2016/2017 Estimates (‘2) J$		Consolidated Fund Receipts 2016/2017 (December 2016) (‘3) J$		Budget Increase(+) / Decrease (-) [(1)-(2)] (‘4) J$
Firearm Licensing Authority User Fees		—		—		—		—
Net Service Charge for services rendered by Excise Officers		—		—		—		—
TOTAL - TAX ADMINISTRATION OF JAMAICA		535,510,000		773,000,000		179,853,923		(237,490,000	)
MINISTRY OF NATIONAL SECURITY
Sale of Services - CRDC		11,145,600		12,960,000		1,578,311		(1,814,400	)
Miscelleanous Receipts		15,000,000		16,000,000		14,141,013		(1,000,000	)
TOTAL - MINISTRY OF NATIONAL SECURITY		26,145,600		28,960,000		15,719,324		(2,814,400	)
JAMAICA DEFENCE FORCE
Rental of Lettings (Land and Buildings) Soldier’s Contribution		21,000,000		15,840,000		—		5,160,000
Soldiers’ Contribution to various services		9,225,209		15,000,000		6,000		(5,774,791	)
TOTAL - JAMAICA DEFENCE FORCE		30,225,209		30,840,000		6,000		(614,791	)
POLICE DEPARTMENT
Police Certificates		674,735,000		577,155,429		3,336,000		97,579,571
Finger Print Search (Formerly User Service Fees)		—		—		17,671,821		—
Pension Contributions: Constabulary		216,454,000		193,189,783		90,196,029		23,264,217
Pension Contributions: Special Constables		—		—		19,102,974		—
Accident Report		20,839,000		17,605,025		2,856,495		3,233,975
Miscellaneous Receipts		61,443,000		43,845,425		38,588,206		17,597,575
TOTAL - POLICE DEPARTMENT		973,471,000		831,795,662		171,751,525		141,675,338
DEPARTMENT OF CORRECTIONAL SERVICES
Sundry Fines and Contribution		1,186,600		1,318,600		1,358,253		(132,000	)
TOTAL - DEPARTMENT OF CORRECTIONAL SERVICES		1,186,600		1,318,600		1,358,253		(132,000	)
PASSPORT, IMMIGRATION AND CITIZENSHIP AGENCY
Miscellaneous Receipts		—		300,000,000		—		(300,000,000	)
TOTAL - PASSPORT, IMMIGRATION AND CITIZENSHIP AGENCY		—		300,000,000		—		(300,000,000	)

39

2017/2018 JAMAICA BUDGET

STATEMENT II

DETAILS OF REVENUE AND LOAN RECEIPTS

REVENUE ITEM DESCRIPTION	Estimates 2017/2018 (‘1) J$		Revised 2016/2017 Estimates (‘2) J$		Consolidated Fund Receipts 2016/2017 (December 2016) (‘3) J$		Budget Increase(+) / Decrease (-) [(1)-(2)] (‘4) J$
MINISTRY OF JUSTICE
Traffic Fines		220,301		500,000,000		382,455,949		(499,779,699	)
Other Court Fines		254,815		133,000		11,750,425		121,815
Sale of Revised Laws of Jamaica to the Private Sector		—		400		—		(400	)
Forfeited Recognizances (Funds)		—		2,000		100,129		(2,000	)
Sale of Marriage Licences		—		35,000		—		(35,000	)
Miscellaneous Receipts		982,878		1,000		8,312,831		981,878
Tender Documents		27,000		—		—		27,000
TOTAL - MINISTRY OF JUSTICE		1,484,994		500,171,400		402,619,334		(498,686,406	)
ADMINISTRATOR GENERAL’S DEPARTMENT
Charges for Administering Intestate Estate (50% of Gross Receipts)		40,000,000		54,000,000		67,548,412		(14,000,000	)
Bona Vacantia and Unclaimed Balances		5,000,000		—		—		5,000,000
TOTAL - ADMINISTRATOR GENERAL’S DEPARTMENT		45,000,000		54,000,000		67,548,412		(9,000,000	)
MINISTRY OF FOREIGN AFFAIRS AND FOREIGN TRADE
Visa Fees from Overseas Missions		12,328,226		7,212,572		5,192,231		7,135,995
Authentication fees		8,218,818		19,369,066		3,030,136		5,188,682
Rush fees		2,054,704		45,434		775,603		1,279,101
Consul fees		11,506,345		1,158,654		7,107,007		4,399,338
Postage fees		1,643,764		316,459		—		1,643,764
Miscellaneous Receipts		5,342,231		20,068,859		17,967,796		(12,625,565	)
TOTAL - MINISTRY OF FOREIGN AFFAIRS AND FOREIGN TRADE		41,094,088		48,171,044		34,072,774		7,021,314
MINISTRY OF LABOUR AND SOCIAL SECURITY
Reimbursement - NIS		744,229,000		471,000,000		—		273,229,000
Fees - Factories Registration Act		1,454,425		1,100,000		—		354,425
Fees - Employment Agencies Registration Act		405,000		837,000		—		(432,000	)
Fees - Recruiting of Workers Act		—		—		—		—
Work Permit		840,718,000		7,000,000		—		833,718,000

40

2017/2018 JAMAICA BUDGET

STATEMENT II

DETAILS OF REVENUE AND LOAN RECEIPTS

REVENUE ITEM DESCRIPTION	Estimates 2017/2018 (‘1) J$		Revised 2016/2017 Estimates (‘2) J$		Consolidated Fund Receipts 2016/2017 (December 2016) (‘3) J$		Budget Increase(+) / Decrease (-) [(1)-(2)] (‘4) J$
Miscellaneous Receipts		1,825,000		2,000,000		8,003,813		(175,000	)
TOTAL - MINISTRY OF LABOUR AND SOCIAL SECURITY		1,588,631,425		481,937,000		8,003,813		1,106,694,425
MINISTRY OF EDUCATION, YOUTH AND CULTURE
Fees from Jamaica School Certificate Examinations		205,000		205,000		—		—
Rental of EDDC and other Buildings		6,500,000		6,500,000		1,582,983		—
Repayment of Bonds by Teachers		17,000,000		17,000,000		7,047,050		—
Transcripts		1,500		1,500		900		—
Recovery of Previous years Expenditure		15,000,000		15,000,000		11,121,376		—
Miscellaneous Receipts		10,000,000		10,000,000		85,270,283		—
TOTAL - MINISTRY OF EDUCATION, YOUTH AND CULTURE		48,706,500		48,706,500		105,022,592		—
MINISTRY OF HEALTH
Registration of Pharmacies and Pharmacists		—		—		—		—
Registration of Drugs		—		6,500,000		1,355,400		(6,500,000	)
Parents Contribution toward Maintenance of Children in Children’s Home		—		—		—		—
Drug Permits		10,000,000		4,000,000		287,400		6,000,000
Miscellaneous Receipts		12,000,000		10,000,000		35,744,850		2,000,000
TOTAL - MINISTRY OF HEALTH		22,000,000		20,500,000		37,387,650		1,500,000
GOVERNMENT CHEMIST
Fees from Laboratory analyses		1,008,000		1,008,000		1,178,950		—
TOTAL - GOVERNMENT CHEMIST		1,008,000		1,008,000		1,178,950		—
MINISTRY OF CULTURE, GENDER, ENTERTAINMENT AND SPORTS
Irrevocable Order		37,000		—		—		37,000
Miscelleanous Receipts		268,000		25,000		755,387		243,000
TOTAL - MINISTRY OF CULTURE, GENDER, ENTERTAINMENT AND SPORTS		305,000		25,000		755,387		280,000

41

2017/2018 JAMAICA BUDGET

STATEMENT II

DETAILS OF REVENUE AND LOAN RECEIPTS

REVENUE ITEM DESCRIPTION	Estimates 2017/2018 (‘1) J$		Revised 2016/2017 Estimates (‘2) J$		Consolidated Fund Receipts 2016/2017 ( December 2016) (‘3) J$		Budget Increase(+) / Decrease (-) [(1)-(2)] (‘4) J$
MINISTRY OF INDUSTRY COMMERCE AGRICULTURE AND FISHERIES
Agricultural Land Management Division		1,600,000		1,362,000		1,193,994		238,000
Miscelleanous Receipts		—		—		20,400		—
Other Receipts from Agricultural Stations		—		—		61,998,128		—
Receipts from sundry and other receipts		—		—		1,611,005		—
TOTAL - MINISTRY OF INDUSTRY COMMERCE AGRICULTURE AND FISHERIES		1,600,000		1,362,000		64,823,527		238,000
FOOD PROTECTION,INSPECTION AND DEINFESTATION DIVISION
Food Protection , Inspection & Deinfestation Division - Sundry Fees		8,000,000		8,000,000		1,378,680		—
TOTAL-FOOD STORAGE AND PREVENTION OF INVESTATION DIVISION		8,000,000		8,000,000		1,378,680		—
OFFICE OF THE GOVERNMENT TRUSTEE
Commission on Dividend Payment		1,581,000		—		—		1,581,000
Legal fees and charges against the Bankruptcy		630,000		3,253,455		63,408		566,592
TOTAL - OFFICE OF THE GOVERNMENT TRUSTEE		2,211,000		3,253,455		63,408		2,147,592
OFFICE OF THE SUPERVISOR OF INSOLVENCY
Bankruptcy Status Verification		750,000		—		939,614		750,000
Trustee Application Fee		40,000		—		—		40,000
Trustee Licence Fee		480,000		—		—		480,000
Trustee License Renewal		17,000		—		—		17,000
TOTAL - OFFICE OF THE SUPERVISOR OF INSOLVENCY		1,287,000		—		939,614		1,287,000
TRADE BOARD
Certification Fees		7,189,380		3,644,100		—		3,545,280
Dealers Registration		—		999,190		—		(999,190	)
Scrap Metal		2,684,722		1,510,042				1,174,680
Car Dealers Registration		38,803,725		19,707,750		—		19,095,975

42

2017/2018 JAMAICA BUDGET

STATEMENT II

DETAILS OF REVENUE AND LOAN RECEIPTS

REVENUE ITEM DESCRIPTION	Estimates 2017/2018 (‘1) J$		Revised 2016/2017 Estimates (‘2) J$		Consolidated Fund Receipts 2016/2017 ( December 2016) (‘3) J$		Budget Increase(+) / Decrease (-) [(1)-(2)] (‘4) J$
Collateral Letter		—		3,883,700		—		(3,883,700	)
Letter of Transfer		—		1,035,500		—		(1,035,500	)
Miscellaneous Receipts		10,271,158		3,470,000		42,760,171		6,801,158
TOTAL - TRADE BOARD		58,948,985		34,250,282		42,760,171		24,698,703
DEPARTMENT OF COOPERATIVE AND FRIENDLY SOCIETIES
Amendment to Rules Fees		80,000		38,000		—		42,000
Registration Fees - Cooperative & Friendly Society		100,000		160,000		—		(60,000	)
Registration of Special Resolution		—				—		—
Arbitration		150,000		200,000		—		(50,000	)
Training		585,000		720,000		—		(135,000	)
Registration of change in office to include registration of Branch Office with IP Societies		—		—		—		—
Annual Fees for IP Societies		300,000		600,000		—		(300,000	)
Miscellaneous Receipts		585,000		250,000		1,409,426		335,000
TOTAL - DEPARTMENT OF COOPERATIVE AND FRIENDLY SOCIETIES		1,800,000		1,968,000		1,409,426		(168,000	)
COMPANIES OFFICE OF JAMAICA
Fees for Registration of Companies (50% of Gross Receipts)		252,410		—		—		252,410
Fees for Registration of Business Names		45,298		—		—		45,298
Miscellaneous receipts		105,850		—		—		105,850
TOTAL - COMPANIES OFFICE OF JAMAICA		403,558		—		—		403,558
JAMAICA INTELLECTUAL PROPERTY OFFICE
Fees for Registration of Trademark		71,713,512		59,373,400		6,450,825		12,340,112
Patent fees		960,000		975,000		49		(15,000	)
Design Fees		277,500		277,500		16,350		—
Search Fees		334,400		—		878,350		334,400
Trade Mark Journal		370,000		—		55,900		370,000
Trade Mark Publication		4,465,800		—		371,800		4,465,800
Geographical Indication Registration		30,000		—		—		30,000

43

2017/2018 JAMAICA BUDGET

STATEMENT II

DETAILS OF REVENUE AND LOAN RECEIPTS

REVENUE ITEM DESCRIPTION	Estimates 2017/2018 (‘1) J$		Revised 2016/2017 Estimates (‘2) J$		Consolidated Fund Receipts 2016/2017 ( December 2016) (‘3) J$		Budget Increase(+) / Decrease (-) [(1)-(2)] (‘4) J$
Copyright-GDA Registration		504,000		—		6,000		504,000
Madrid Treaty Registration		5,607,000		—		—		5,607,000
Patent Corporation Treaty Registration		1,410,000		—		—		1,410,000
Miscellaneous receipts		—		18,174,900		50,040,404		(18,174,900	)
TOTAL - JAMAICA INTELLECTUAL PROPERTY OFFICE		85,672,212		78,800,800		57,819,678		6,871,412
MINISTRY OF SCIENCE ENERGY TECHNOLOGY AND TELECOMMUNICATION
Fees - Electric Lighting Act		16,000,000		16,000,000		5,969,322		—
Miscelleanous Receipts		—		—		7,464,971		—
TOTAL - MINISTRY OF SCIENCE ENERGY TECHNOLOGY AND TELECOMMUNICATION		16,000,000		16,000,000		13,434,293		—
SCIENTIFIC RESEARCH COUNCIL
Information Services		—		3,300,000		—		(3,300,000	)
Process Development		—		26,134,000		—		(26,134,000	)
Product Research and Development		—		20,185,000		—		(20,185,000	)
Promotion and Distribution of Products		64,981,000		4,532,000		—		60,449,000
TOTAL - SCIENTIFIC RESEARCH COUNCIL		64,981,000		54,151,000		—		10,830,000
POST AND TELECOMMUNICATION DEPARTMENT
Sales of Stamps		174,335,000		174,335,000		100,864,787		—
Postage, Prepayment		550,000,000		550,000,000		388,601,363		—
Commission on Money Order and Postal Orders		—		5,500,000		—		(5,500,000	)
C.O.D. and Customs Clearance Fees on Parcels		4,000,000		4,000,000		2,158,300		—
Shares of Postage on Parcels		—		—		—		—
Rental of Property		13,976,000		13,976,000		10,673,871		—
Rental of Letter Boxes and Bags		23,908,000		23,908,000		1,900,000		—
Terminal Dues		30,500,000		30,500,000		127,397		—
Other Postal Business		40,000,000		40,000,000		157,608,783		—
Commission fees from Jamaica National Small Business		5,500,000		5,500,000		—		—
Commission Fees from Ministry of Labour and Social Security for handling Welfare Payments		120,167,000		120,167,000		56,440,471		—

44

2017/2018 JAMAICA BUDGET

STATEMENT II

DETAILS OF REVENUE AND LOAN RECEIPTS

REVENUE ITEM DESCRIPTION	Estimates 2017/2018 (‘1) J$		Revised 2016/2017 Estimates (‘2) J$		Consolidated Fund Receipts 2016/2017 ( December 2016) (‘3) J$		Budget Increase(+) / Decrease (-) [(1)-(2)] (‘4) J$
Commission on the sale of Ministry of Water & Housing Water Tank and Water Coupons		—		—		—		—
TOTAL - POST AND TELECOMMUNICATION DEPARTMENT		962,386,000		967,886,000		718,374,973		(5,500,000	)
MINISTRY OF TRANSPORT AND WORKS
Tender Documents		54,000		92,571		—		(38,571	)
Other Receipts		60,000		340,805		11,649,680		(280,805	)
Miscelleanous Receipts		160,000		20,211		13,737,584		139,789
Bluefield Guest House		—		—		—		—
On and Off Trailer Plates		—		—		—		—
TOTAL - MINISTRY OF TRANSPORT AND WORKS		274,000		453,587		25,387,264		(179,587	)
MINES AND GEOLOGY
Receipts from issue of Sundry Permits		4,000,000		3,500,000		—		500,000
Laboratory Analysis - Metallic Minerals		10,000,000		9,000,000		—		1,000,000
Miscellaneous Receipts		1,000,000		2,501,300		222,418		(1,501,300	)
Royalties-Bauxite		675,240,000		660,947,840		445,105,060		14,292,160
Royalties-Limestone		—		—		—		—
Royalties-Marble		—		—		—		—
TOTAL - MINES AND GEOLOGY		690,240,000		675,949,140		445,327,477		14,290,860
MINISTRY OF LOCAL GOVERNMENT AND COMMUNITY DEVELOPMENT
Fire Inspection Fees		—		—		—		—
Tender Document Fees		—		—		—		—
Repairs of Fire Hydrants				—		—		—
Permission to Host events		1,640,000		—		—		1,640,000
Fines		—		—		—		—
6% Pension Contribution - Councillors		—		—		17,007,317		—
Miscellaneous Receipts		590,930		1,619,500		2,315,154		(1,028,570	)
TOTAL - MINISTRY OF LOCAL GOVERNMENT AND COMMUNITY DEVELOPMENT		2,230,930		1,619,500		19,322,470		611,430

45

2017/2018 JAMAICA BUDGET

STATEMENT II

DETAILS OF REVENUE AND LOAN RECEIPTS

REVENUE ITEM DESCRIPTION	Estimates 2017/2018 (‘1) J$		Revised 2016/2017 Estimates (‘2) J$		Consolidated Fund Receipts 2016/2017 ( December 2016) (‘3) J$		Budget Increase(+) / Decrease (-) [(1)-(2)] (‘4) J$
JAMAICA FIRE BRIGADE
Fire Certification & Application		16,270,000		16,170,000		—		100,000
Training of Safety Monitor & Demonstration		1,990,000		1,980,000		—		10,000
TOTAL - JAMAICA FIRE BRIGADE		18,260,000		18,150,000		—		110,000
TOTAL NON TAX REVENUE		27,691,968,747		30,571,062,080		12,366,392,954		(2,861,805,016	)
TOTAL RECURRENT REVENUE		516,321,611,926		478,374,655,066		329,071,333,789		37,946,956,860
CAPITAL REVENUE
LAND SALES
Crown Property Sales		80,000,000		—		—		80,000,000
TOTAL - LAND SALES		80,000,000		—		—		80,000,000
LOAN REPAYMENTS
Miscellaneous		2,148,067,010		8,880,338		510,369,193		2,139,186,672
TOTAL LOAN REPAYMENTS		2,148,067,010		8,880,338		510,369,193		2,139,186,672
EXTRAORDINARY RECEIPTS
Miscelleanous		11,701,300,000		14,539,200,000		20,832,180,257		(2,837,900,000	)
Proceeds from Divestment		—		—		—		—
TOTAL - EXTRAORDINARY RECEIPTS		11,701,300,000		14,539,200,000		20,832,180,257		(2,837,900,000	)
TOTAL CAPITAL REVENUE		13,929,367,010		14,548,080,338		21,342,549,450		(618,713,328	)
GRANTS
TRANSFER FROM CAPITAL DEVELOPMENT FUND
Transfer to Current Account		—		—		—		—
Transfers in lieu of Income Tax from Alumina Producers		—		—		—		—

46

2017/2018 JAMAICA BUDGET

STATEMENT II

DETAILS OF REVENUE AND LOAN RECEIPTS

REVENUE ITEM DESCRIPTION	Estimates 2017/2018 (‘1) J$		Revised 2016/2017 Estimates (‘2) J$		Consolidated Fund Receipts 2016/2017 ( December 2016) (‘3) J$		Budget Increase(+) / Decrease (-) [(1)-(2)] (‘4) J$
Others		—		2,818,194,200		—		(2,818,194,200	)
TOTAL - TRANSFER TO CAPITAL ACCOUNT		—		2,818,194,200		—		(2,818,194,200	)
EXTERNAL GRANTS
European Union		—		1,304,033,000		—		(1,304,033,000	)
Miscelleanous Grants		—		—		—		—
Other Grants		4,352,118,000		3,944,865,000		2,921,751,000		407,253,000
TOTAL EXTERNAL GRANTS		4,352,118,000		5,248,898,000		2,921,751,000		(896,780,000	)
TOTAL GRANTS		4,352,118,000		8,067,092,200		2,921,751,000		(3,714,974,200	)
EXTERNAL LOANS
Multilateral Loans to be raised under Act 39 of 1964
World Bank Loans		—		11,049,300,000				(11,049,300,000	)
Inter - American Development Bank		—		18,834,000,000		160,495,000		(18,834,000,000	)
USAID		—				—		—
Caribbean Development Bank		56,045,000		626,928,000		479,287,250		(570,883,000	)
European Union		—				940,225,105		—
World Bank/IDB		8,622,668,000		10,403,934,000		21,482,062,308		(1,781,266,000	)
IFID		—				—		—
OECF/USAID		—				—		—
OPEC		—		570,310,000		476,199,000		(570,310,000	)
OECF		—				—		—
IMF		—				—		—
IBRD		39,534,000,000				2,600,104,150		39,534,000,000
Other		10,955,000,000		49,881,000		1,755,197,680		10,905,119,000
Total Multilateral Loans		59,167,713,000		41,534,353,000		27,893,570,493		17,633,360,000

47

2017/2018 JAMAICA BUDGET

STATEMENT II

DETAILS OF REVENUE AND LOAN RECEIPTS

REVENUE ITEM DESCRIPTION	Estimates 2017/2018 (‘1) J$		Revised 2016/2017 Estimates (‘2) J$		Consolidated Fund Receipts 2016/2017 ( December 2016) (‘3) J$		Budget Increase(+) / Decrease (-) [(1)-(2)] (‘4) J$
Bilateral
Government of China		11,444,327,000		5,881,015,000		3,603,821,000		5,563,312,000
Government of Germany		—				—		—
JBIC		—				—		—
Kuwait		—		47,332,000		47,332,000		(47,332,000	)
Saudi		—				—		—
PL480		—				—		—
Other		—				24,841,000		—
Other Loans		—						—
Capital Market		—						—
Other		—						—
Total Bilateral Loans		11,444,327,000		5,928,347,000		3,675,994,000		5,515,980,000
TOTAL - EXTERNAL LOANS		70,612,040,000		47,462,700,000		31,569,564,493		23,149,340,000
DOMESTIC LOANS
Local Commercial Banking Sector		—		—				—
Benchmark Notes & Treasury Bills		14,400,000,000		41,921,700,000		23,734,066,163		(27,521,700,000	)
Indexed Bonds & US$ Loans		—		—		—		—
Other		74,600,000,000		—		210,350,917		74,600,000,000
TOTAL - DOMESTIC LOANS		89,000,000,000		41,921,700,000		23,944,417,080		47,078,300,000
TOTAL LOANS		159,612,040,000		89,384,400,000		55,513,981,573		70,227,640,000

48

2017/2018 JAMAICA BUDGET

STATEMENT II

DETAILS OF REVENUE AND LOAN RECEIPTS

REVENUE ITEM DESCRIPTION	Estimates 2017/2018 (‘1) J$		Revised 2016/2017 Estimates (‘2) J$		Consolidated Fund Receipts 2016/2017 ( December 2016) (‘3) J$		Budget Increase(+) / Decrease (-) [(1)-(2)] (‘4) J$
SUMMARY
RECURRENT REVENUE
Tax Revenue		488,629,643,179		447,803,592,986		316,704,940,836		40,826,050,193
Non Tax Revenue		27,691,968,747		30,571,062,080		12,366,392,954		(2,879,093,333	)
CAPITAL REVENUE		13,929,367,010		14,548,080,338		21,342,549,450		(618,713,328	)
GRANTS
Transfer from Capital Development Fund		—		2,818,194,200		—		(2,818,194,200	)
External Grants		4,352,118,000		5,248,898,000		2,921,751,000		(896,780,000	)
LOANS								—
External Loans		70,612,040,000		47,462,700,000		31,569,564,493		23,149,340,000
Domestic Loans		89,000,000,000		41,921,700,000		23,944,417,080		47,078,300,000
TOTAL		694,215,136,937		590,374,227,604		408,849,615,813		103,840,909,332

49

2017-2018 JAMAICA BUDGET

STATEMENT III

STATEMENT OF STATUTORY EXPENDITURE CHARGED

TO THE CONSOLIDATED FUND

Head No.	Head of Estimates	Particulars of Service	Amount $’000		Statutory Authority
01000	His Excellency the Governor-General and Staff	Emoluments of the Governor-General and his personal staff as well as general expenditure affiliated to the office of the Governor-General		169,033.0	Section 12 of the Governor-General (Expenditure, Personal Staff, Tax Exemptions and Pensions) Act.
02000	Houses of Parliament	Salaries and Allowances of the Clerk and Deputy Clerk of the Senate and the House of Representatives.		10,741.0	Section 47 (8) of the Constitution of Jamaica.
03000	Office of the Public Defender	Salary and Allowances of the Public Defender.		12,711.0	Section 9 of the Public Defender Interim Act 33/1999
04000	Office of the Contractor General	Salary and Allowances of the Contractor General.		10,659.0	Section 11 (1) and (3) of the Contractor General Act
05000	Auditor General	Salary of the Auditor General		8,080.0	Section 120–122 of the Constitution of Jamaica; Section 25–36 of the Financial Administration and Audit Act.
06000	Office of the Services Commissions	Salaries and Allowances of the Chairman and members of the Public Service Commissions.		6,199.0	Section 124 (8) of the Constitution of Jamaica.
07000	Office of the Children’s Advocate	Salary of the Children’s Advocate		10,400.0	The Child Care and Protection Act, First Schedule
08000	Independent Commission of Investigations	Salary of the Commissioner		10,926.0	The Independent Commission of Investigations Act, First Schedule
20018	Public Debt Servicing (Interest Payments)	Payment of interest, service charges and commitment fees in respect of the public debt of Jamaica.		137,852,871.0	Section 119 of the Constitution of Jamaica.
20019	Pensions	Public Officers Pensions, Gratuities and Monthly Allowances granted in pursuance of the provisions of the Pensions Act.		12,696,610.0	Section 4 of the Pensions Act.
		Jamaica Defence Force Pension		547,492.0	Defence (Retired, Pay Pensions and other Grants) Regulation, 1962
		Governor-General’s Pension		16,472.0	Governor General Act
		Payment of Pensions and Gratuities to Teachers in accordance with the Pensions Act		6,482,639.0	The Pensions (Teachers) Act.
		Refund of Contributions by Police Sub-Officers and Men		56.0	Constabulary Force Act
		Payment of Pensions, Gratuities or other allowances to Sub-Officers and Constables of the Police Force in accordance with the Constabulary Force Act		5,652,534.0	Section 59 of the Constabulary Force Act.
		Special Constabulary Pensions and Gratuities		368,625.0	Constables (Special) Act

50

2017-2018 JAMAICA BUDGET

STATEMENT III

STATEMENT OF STATUTORY EXPENDITURE CHARGED

TO THE CONSOLIDATED FUND

Head No.	Head of Estimates	Particulars of Service	Amount $’000		Statutory Authority
		Payment of retiring allowances, Widows’ allowances or gratuity to legislators in accordance with the provisions of the Retiring Allowance (Legislative Service) Act, and/or The Pensions (Prime Minister) Act.		197,549.0	Section 12 of the Retiring Allowances (Legislative Service) Act and Section 7 of the Pensions (Prime Minister) Act.
		Payment of Pensions in accordance with the Provisions of the Pensions (Civil Service Family Benefits) Act.		185,569.0	Pensions (Civil Service Family Benefits) Act.
		Refund of Family Benefits Contributions in accordance with the Provisions of the Pensions (Civil Service Family Benefits) Act.		88,976.0	Section 10 of the Pensions (Civil Service Family Benefits) Act.
		Payment of Pensions to the retired members of the Electoral Commission and their widows		5.0	The Pensions Act
		Payment of Pensions to the retired Ombudsmen and their widows.		3.0	The Ombudsman Act
		Payment of Pensions to the retired Contractor General and his widow in accordance with the Contractor General Act.		16,761.0	The Contractor General Act
		Jamaica Agricultural Society Pensions		9,287.0	Provident Fund Act
		Payment of Pensions to retired Parish Councillors and/or their widows in accordance with the provisions of the Retiring Allowances (Parish Councillors) Act		187,784.0	Parish Councillors Act 2005
		Payment of Pensions to the former employees, Jamaica Railway Corporation.		168,882.0	Jamaica Railway Corporation (Pensions) Regulations
		Total Pensions		26,619,244.0
28023	Court of Appeal	Payment of Salaries to the Judges of the Court of Appeal		105,525.0	Section 107 (1) of the Constitution of Jamaica
28025	Director of Public Prosecutions	Payment of Salary to the Director of Public Prosecutions		8,839.0	Section 95 (2) of the Constitution of Jamaica
28029	Supreme Court	Payment of Salaries to the Judges of the Supreme Court		432,187.0	Section 101 (2) of the Constitution of Jamaica
		Total Recurrent		165,257,415.0
20018A	Public Debt Servicing (Amortisation)	Internal Debt		102,448,208.0	Section 119 of the Constitution of Jamaica
		External Debt		70,099,872.0	Section 119 of the Constitution of Jamaica
		Total Capital		172,548,080.0
		Grand Total Recurrent and Capital		337,805,495.0

51

2017-2018 JAMAICA BUDGET

STATEMENT IV

INSTITUTIONAL PROJECTS AND PROGRAMMES

(Statement Showing the Works to which Institutional Loans and Grants are Applied)

$‘000

	Heads of Estimates				Revised		Estimates 2017-2018
Service	(Activity No. in brackets)				Estimates 2016-17		GoJ		External		Total
Agriculture
Diversification of the Caribbean Livestock through the Production of Small Ruminants		50000B	(9349	)		34,769.0		0.0		0.0		0.0
Enhancing the Resilience of the Agricultural Sector and Coastal Areas		50000B	(9399	)		75,800.0		8,687.0		51,030.0		59,717.0
Essex Valley Irrigation Infrastructure Development Programme		19000B	(9510	)		—		0.0		70,000.0		70,000.0
Rural Economic Development Initiative		15000B	(9441	)		493,795.0		10,430.0		116,137.0		126,567.0
Enhancing the Resilience of the Agricultural Sector and Coastal Areas		19000B	(9399	)		19,600.0		0.0		20,019.0		20,019.0
Jamaica Banana Accompanying Measures (JBAMS)		50000B	(9423	)		146,772.0		4,000.0		127,701.0		131,701.0
Agricultural Competitiveness Programme (formerly Rural Competitiveness Programme)		50000B	(9348	)		421,701.0		5,000.0		175,000.0		180,000.0
Total Agriculture						1,192,437.0		28,117.0		559,887.0		588,004.0
Education
Promoting Quality Education and Advancing the Reality of a Child Friendly Environment		41000B	(9419	)		29,637.0		0.0		6,960.0		6,960.0
Poverty Reduction Programme III		15000B	(9438	)		116,012.0		0.0		0.0		0.0
Primary Education Support Project (IDB)		41000B	(9220	)		52,795.0		0.0		0.0		0.0
University of Technology Enhancement Project		41000B	(9088	)		601,788.0		0.0		56,045.0		56,045.0
Early Childhood Development Project (IBRD)		41000B	(9237	)		36,500.0		0.0		45,000.0		45,000.0
Strengthening the School Feeding Programme in Jamaica		41000B	(9504	)		13,372.0		1,440.0		9,625.0		11,065.0
Technology to Empower Individuals and Communities for Development (Bill and Melinda Gates Foundation)		41000B	(9443	)		112,048.0		0.0		0.0		0.0
Education System Transformation Programme (IBRD/IADB)		41000B	(9331	)		588,632.0		455,899.0		0.0		455,899.0
USAID/MOE Education Partnership for Improved Literacy Outcomes		41000B	(9444	)		53,412.0		0.0		0.0		0.0
Construction of Early Childhood Institutions Project		41000B	(9485	)		35,000.0		28,200.0		71,800.0		100,000.0
Total Education						1,639,196.0		485,539.0		189,430.0		674,969.0
Health
Transitional Funding Mechanism (TFM)		42000B	(9418	)		315,385.0		0.0		0.0		0.0
Support to the National HIV/AIDS Response in Jamaica		42000B	(9481	)		623,999.0		144,223.0		600,000.0		744,223.0
Programme for Reduction of Maternal and Child Mortality (PROMAC) in Jamaica		42000B	(9430	)		256,722.0		0.0		589,868.0		589,868.0
HIV Prevalence in Most-at-Risk Population Reduced (USAID)		42000B	(9337	)		361,582.0		108,220.0		384,038.0		492,258.0
Institutional Strengthening To Improve National Surveillance, Prevention and Control of Infectious Diseases		42000B	(9476	)		15,000.0		0.0		10,132.0		10,132.0
Strengthening of Health Systems in Jamaica		42000B	(9484	)		26,040.0		5,031.0		24,691.0		29,722.0
Total Health						1,598,728.0		257,474.0		1,608,729.0		1,866,203.0
Housing
Jamaica Economical Housing Project (GOJ/China EXIM Bank)		19000B	(9356	)		182,000.0		0.0		0.0		0.0
Jamaica Water Resources Development Master Plan		19000B	(9491	)		18,456.0		688.0		4,312.0		5,000.0
Total Housing						200,456.0		688.0		4,312.0		5,000.0
Transport and Communication
Transportation Infrastructure Rehabilitation Programme (IDB)		19000B	(9238	)		176,000.0		0.0		0.0		0.0
Road Rehabilitation Project II		19000B	(9313	)		18,462.0		0.0		0.0		0.0
Upgrade to International Postal System		56000B	(9489	)		38,911.0		0.0		46,676.0		46,676.0
Palisadoes Shoreline and Road Project		19000B	(9334	)		8,000.0		3,000.0		0.0		3,000.0
Rural Road Rehabilitation Project II		19000B	(9311	)		748,201.0		0.0		0.0		0.0
Major Infrastructure for Development Programme (MIDP)		19000B	(9421	)		8,838,778.0		7,432,398.0		11,304,764.0		18,737,162.0
Trifold National Transport Repository Project		68000B	(9498	)		666.0		0.0		0.0		0.0
Southern Coastal Highway Improvement Project		19000B	(9501	)		0.0		246,000.0		0.0		246,000.0
Total Transport and Communication						9,829,018.0		7,681,398.0		11,351,440.0		19,032,838.0

52

2017/2018 JAMAICA BUDGET

STATEMENT IV

INSTITUTIONAL PROJECTS AND PROGRAMMES

(Statement Showing the Works to which Institutional Loans and Grants are Applied)

$‘000

	Heads of Estimates				Revised		Estimates 2017-2018
Service	(Activity No. in brackets)				Estimates 2016-17		GoJ		External		Total
Water and Sewerage
Integrated Management of the Yallahs/Hope River Watershed Management Area		19000B	(9408	)		65,520.0		9,640.0		70,360.0		80,000.0
Hermitage Dam Rehabilitation Study		19000B	(9507	)		38,735.0		0.0		39,829.0		39,829.0
Total Water and Sewerage						104,255.0		9,640.0		110,189.0		119,829.0
Mining and Energy
Enhancing the ICT Regulatory Environment		56000B	(9431	)		2,585.0		0.0		0.0		0.0
Energy Security and Efficiency Enhancement Project		56000B	(9353	)		359,704.0		4,970.0		210,258.0		215,228.0
Developing an Energy Services Company (ESCO) Industry in Jamaica		40000B	(9376	)		4,546.0		0.0		0.0		0.0
Establishment of OLADE’s Caribbean Sub-Regional Office in Jamaica		56000B	(9400	)		8,410.0		0.0		0.0		0.0
Total Mining and Energy						375,245.0		4,970.0		210,258.0		215,228.0
Environment
Developing a Comprehensive Bush Fire Warning Index for Effective Bush Fire Management		19000B	(9513	)		0.0		0.0		19,580.0		19,580.0
National Biodiversity Planning to support the implementation of the Convention on Biological Diversity (CBD) 2011-2020 Strategic Plan in Jamaica		19000B	(9472	)		14,900.0		0.0		0.0		0.0
HCFC Phase Out Management Plan Implementation		19000B	(9429	)		16,251.0		0.0		11,790.0		11,790.0
Pilot Programme for Climate Resilience II (PPCR II) – Adaptation Programme and Financing Mechanism		19000B	(9475	)		194,182.0		4,000.0		334,000.0		338,000.0
Strengthening the Operational and Financial Sustainability of the National Area Protected System (UNDP)		19000B	(9370	)		69,151.0		0.0		0.0		0.0
Integrating Water, Land and Ecosystems Management in Caribbean Small Island Developing States (IWEco)		19000B	(9505	)		3,606.0		0.0		28,000.0		28,000.0
Third National Communication and Biennial Update Report to the UNFCCC		19000B	(9455	)		35,555.0		0.0		19,160.0		19,160.0
Portmore Hagen Climate Change Park		72000B	(9502	)		22,976.0		10,500.0		19,500.0		30,000.0
National Quick Start Programme Trust Fund Project		19000B	(9391	)		7,292.0		0.0		3,269.0		3,269.0
Total Environment						363,913.0		14,500.0		435,299.0		449,799.0
Other
Understanding Social Effects of Financial Crisis (IADB)		19000B	(9358	)		10,000.0		0.0		0.0		0.0
PPCR II—Improving Climate Data and Information Management		19000B	(9394	)		150,000.0		0.0		200,000.0		200,000.0
Community Based Landslide Risk Reduction (Japan Social Development Fund/IBRD)		72000B	(9322	)		119.0		0.0		0.0		0.0
Poverty Reduction Programme IV		15000B	(9471	)		100,000.0		16,299.0		333,506.0		349,805.0
Strategic Public Sector Transformation Project		20000B	(9463	)		506,085.0		38,000.0		849,000.0		887,000.0
School Sanitation Project		15000B	(9451	)		202,500.0		200,000.0		0.0		200,000.0
Jamaica Disaster Vulnerability Reduction Project		15000B	(9488	)		40,000.0		0.0		286,167.0		286,167.0
Offices of the Ministry of Foreign Affairs and Foreign Trade		19000B	(9083	)		540,271.0		232,000.0		0.0		232,000.0
Promoting Community Based Climate Resilience in the Fisheries Sector		50000B	(9480	)		18,939.0		1,430.0		2,570.0		4,000.0
Development of a National Identification System		15000B	(9390	)		14,984.0		0.0		0.0		0.0
Revitalization of Institute of Jamaica		46000B	(9486	)		96,000.0		16,080.0		0.0		16,080.0
Caribbean Anti-Corruption Programme (Support to INDECOM)		28000B	(9500	)		150,027.0		0.0		0.0		0.0
Basic Needs Trust Fund (BNTF7)		15000B	(9440	)		609,217.0		9,000.0		225,426.0		234,426.0
Institutional and Regulatory Framework for Jamaica’s ICT /BPO Industry		19000B	(9479	)		13,731.0		0.0		0.0		0.0
Jamaica Business Taxation Reform (JAMTAX)		20000B	(9464	)		20,526.0		0.0		2,400.0		2,400.0
Basic Needs Trust Fund 8		15000B	(9506	)		192,000.0		3,615.0		115,800.0		119,415.0
Building Capacity in Post Disaster Needs Assessment		19000B	(9511	)		0.0		2,000.0		6,500.0		8,500.0
Improving Innovation Capacities in the Caribbean		56000B	(9450	)		29,033.0		1,950.0		17,319.0		19,269.0
Justice Undertakings for Social Transformation (JUST)		28000B	(9388	)		125,088.0		0.0		120,950.0		120,950.0
Youth Employment in Digital and Creative Industries		56000B	(9469	)		112,100.0		4,400.0		300,000.0		304,400.0
Riverton Landfill Access Road Concrete Pavement Project		72000B	(9460	)		182,500.0		0.0		0.0		0.0

53

2017/2018 JAMAICA BUDGET

STATEMENT IV

INSTITUTIONAL PROJECTS AND PROGRAMMES

(Statement Showing the Works to which Institutional Loans and Grants are Applied)

$‘000

	Heads of Estimates				Revised		Estimates 2017-2018
Service	(Activity No. in brackets)				Estimates 2016-17		GoJ		External		Total
Reintegration and Rehabilitation of Involuntary Returned Migrants in Jamaica (UNDP)		26000B	(9514	)		0.0		0.0		13,877.0		13,877.0
Emerging and Sustainable Cities Initiative		72000B	(9458	)		50,214.0		0.0		48,480.0		48,480.0
Caribbean Criminal Asset Recovery Programme (CCARP)		20000B	(9432	)		26,694.0		0.0		0.0		0.0
Jamaica National Crime Victimisation Survey (JNCVS)		26000B	(9409	)		32,295.0		0.0		0.0		0.0
European Development Fund (EDF) Economic Partnership Agreement (EPA) Capacity Building Project		19000B	(9397	)		18,660.0		0.0		17,000.0		17,000.0
Public Sector Transformation - Support the Ministry of Finance and Planning Transformation Programme		20000B	(9478	)		35,534.0		11,400.0		10,278.0		21,678.0
Citizen Security and Justice Programme III (IDB/DFID/DFATD/GOJ)		28000B	(9457	)		181,000.0		0.0		213,799.0		213,799.0
Technical Cooperation Facility (TCF) V		19000B	(9503	)		20,000.0		0.0		80,000.0		80,000.0
JCF Accountability Programme (Support to INDECOM)		28000B	(9412	)		21,581.0		0.0		0.0		0.0
Fiscal Administration Modernisation Programme (IADB)		20000B	(9381	)		1,500,000.0		407,770.0		1,192,230.0		1,600,000.0
Economic Partnership II (EPA II) Capacity Building Project		19000B	(9465	)		167,476.0		0.0		130,000.0		130,000.0
Strengthening the Capacity to Manage Environmental and Social Risks		19000B	(9508	)		5,247.0		0.0		0.0		0.0
Social and Economic Inclusion of Persons With Disabilities		40000B	(9422	)		70,877.0		0.0		130,000.0		130,000.0
Integrated Social Protection and Labour Programme		40000B	(9416	)		243,000.0		0.0		211,315.0		211,315.0
Social Protection Project II		40000B	(9461	)		4,224,394.0		5,050,598.0		1,365,415.0		6,416,013.0
Public Sector Transformation and Modernisation Programme		16000B	(9263	)		571,254.0		39,966.0		612,455.0		652,421.0
Institutional and Regulatory Framework for Jamaica’s ICT /BPO Industry		20000B	(9479	)		970.0		0.0		0.0		0.0
Youth Development Programme (IDB)		41000B	(9089	)		24,082.0		0.0		0.0		0.0
Justice, Security, Accountability and Transparency Project (JSAT)		28000B	(9453	)		145,589.0		0.0		425,000.0		425,000.0
Technical Cooperation Facility VI (TCF VI)		19000B	(9512	)		0.0		0.0		10,036.0		10,036.0
Citizen Security and Justice Programme III (IDB/DFID/DFATD/GOJ)		26000B	(9457	)		1,020,000.0		52,750.0		1,047,250.0		1,100,000.0
Jamaica Integrated Community Development Project		15000B	(9452	)		349,168.0		0.0		700,000.0		700,000.0
Development of National Policy and Plan of Action on International Migration and Development		19000B	(9364	)		26,350.0		16,874.0		20,376.0		37,250.0
Jamaica Foundations for Competiveness and Growth		19000B	(9462	)		600,000.0		0.0		850,000.0		850,000.0
Integrated Support to the Jamaica Social Protection Strategy		40000B	(9487	)		1,493,434.0		0.0		1,522,543.0		1,522,543.0
Justice, Security, Accountability and Transparency Project (JSAT)		26000B	(9453	)		177,000.0		80,415.0		60,500.0		140,915.0
Rehabilitation and Reintegration of Local Offenders and Deported Persons (BFCO)		26000B	(9316	)		6,297.0		0.0		0.0		0.0
Total Other						14,124,236.0		6,184,547.0		11,120,192.0		17,304,739.0
GRAND TOTAL						29,427,484.0		14,666,873.0		25,589,736.0		40,256,609.0

54

	2017-2018 Jamaica Budget
		Recurrent
	Statutory provisions and Provisions to
	be Voted
	$’000

Head No. and Title		Statutory		Gross Expenditure to be Voted		Appropriations in Aid		Net Expenditure to be Voted		Net provisions in Estimates (Including Statutory)
01000	His Excellency the Governor-General and Staff		169,033.0		67,125.0		—		67,125.0		236,158.0
02000	Houses of Parliament		10,741.0		849,545.0		—		849,545.0		860,286.0
03000	Office of the Public Defender		12,711.0		94,846.0		—		94,846.0		107,557.0
04000	Office of the Contractor-General		10,659.0		272,796.0		2,625.0		270,171.0		280,830.0
05000	Auditor General		8,080.0		648,918.0		10,000.0		638,918.0		646,998.0
06000	Office of the Services Commissions		6,199.0		199,756.0		—		199,756.0		205,955.0
07000	Office of the Children’s Advocate		10,400.0		165,450.0		—		165,450.0		175,850.0
08000	Independent Commission of Investigations		10,926.0		502,924.0		160,500.0		342,424.0		353,350.0
15000	Office of the Prime Minister		—		6,053,745.0		61,000.0		5,992,745.0		5,992,745.0
15010	Jamaica Information Service		—		577,243.0		92,300.0		484,943.0		484,943.0
15020	Registrar General’s Department and Island Records Office		—		855,530.0		855,530.0		—		—
	Total Office of the Prime Minister		—		7,486,518.0		1,008,830.0		6,477,688.0		6,477,688.0
16000	Office of the Cabinet		—		468,540.0		—		468,540.0		468,540.0
16049	Management Institute for National Development		—		438,724.0		291,173.0		147,551.0		147,551.0
	Total Office of the Cabinet		—		907,264.0		291,173.0		616,091.0		616,091.0
17000	Ministry of Tourism		—		8,120,044.0		197,327.0		7,922,717.0		7,922,717.0
19000	Ministry of Economic Growth and Job Creation		—		8,547,740.0		1,665,763.0		6,881,977.0		6,881,977.0
19046	Forestry Department		—		640,431.0		7,400.0		633,031.0		633,031.0
19047	National Land Agency		—		1,913,106.0		1,425,404.0		487,702.0		487,702.0
19048	National Environment and Planning Agency		—		878,235.0		65,693.0		812,542.0		812,542.0
19050	National Works Agency		—		1,642,980.0		1,023,404.0		619,576.0		619,576.0
	Total Ministry of Economic Growth and Job Creation		—		13,622,492.0		4,187,664.0		9,434,828.0		9,434,828.0
20000	Ministry of Finance and the Public Service		—		24,535,358.0		6,400.0		24,528,958.0		24,528,958.0
20011	Accountant General		—		734,230.0		—		734,230.0		734,230.0
20012	Jamaica Customs Agency		—		8,748,633.0		8,748,633.0		—		—
20018	Public Debt Servicing (Interest Payments)		137,852,871.0		—		—		—		137,852,871.0
20019	Pensions		26,325,855.0		7,916,027.0		—		7,916,027.0		34,241,882.0
20056	Tax Administration Jamaica		—		8,666,227.0		—		8,666,227.0		8,666,227.0
	Total Ministry of Finance and the Public Service		164,178,726.0		50,600,475.0		8,755,033.0		41,845,442.0		206,024,168.0
26000	Ministry of National Security		—		16,436,427.0		143,529.0		16,292,898.0		16,292,898.0
26022	Police Department		—		33,701,692.0		657,000.0		33,044,692.0		33,044,692.0
26024	Department of Correctional Services		—		6,584,344.0		10,000.0		6,574,344.0		6,574,344.0
26053	Passport, Immigration and Citizenship Agency		—		2,646,323.0		2,646,323.0		—		—
26057	Institute of Forensic Science and Legal Medicine		—		540,360.0		—		540,360.0		540,360.0
	Total Ministry of National Security		—		59,909,146.0		3,456,852.0		56,452,294.0		56,452,294.0

55

	2017-2018 Jamaica Budget
		Recurrent
	Statutory provisions and Provisions to
	be Voted
	$’000

Head No. and Title		Statutory		Gross Expenditure to be Voted		Appropriations in Aid		Net Expenditure to be Voted		Net provisions in Estimates (Including Statutory)
28000	Ministry of Justice		—		1,851,819.0		349,150.0		1,502,669.0		1,502,669.0
28023	Court of Appeal		105,525.0		156,026.0		—		156,026.0		261,551.0
28025	Director of Public Prosecutions		8,839.0		432,078.0		—		432,078.0		440,917.0
28026	Family Courts		—		239,814.0		—		239,814.0		239,814.0
28027	Parish Courts		—		1,595,443.0		—		1,595,443.0		1,595,443.0
28028	Revenue Court		—		3,481.0		—		3,481.0		3,481.0
28029	Supreme Court		432,187.0		747,958.0		—		747,958.0		1,180,145.0
28030	Administrator General		—		481,000.0		225,000.0		256,000.0		256,000.0
28031	Attorney General		—		794,024.0		—		794,024.0		794,024.0
28033	Office of the Parliamentary Counsel		—		138,845.0		—		138,845.0		138,845.0
28052	Legal Reform Department		—		79,602.0		—		79,602.0		79,602.0
28054	Court Management Services		—		364,610.0		—		364,610.0		364,610.0
	Total Ministry of Justice		546,551.0		6,884,700.0		574,150.0		6,310,550.0		6,857,101.0
30000	Ministry of Foreign Affairs and Foreign Trade		—		4,267,272.0		87,590.0		4,179,682.0		4,179,682.0
40000	Ministry of Labour and Social Security		—		3,859,096.0		813,000.0		3,046,096.0		3,046,096.0
41000	Ministry of Education, Youth and Information		—��		97,381,505.0		825,000.0		96,556,505.0		96,556,505.0
41051	Child Development Agency		—		2,195,822.0		1,802.0		2,194,020.0		2,194,020.0
	Total Ministry of Education, Youth and Information		—		99,577,327.0		826,802.0		98,750,525.0		98,750,525.0
42000	Ministry of Health		—		60,562,586.0		230,926.0		60,331,660.0		60,331,660.0
42034	Bellevue Hospital		—		1,521,370.0		—		1,521,370.0		1,521,370.0
42035	Government Chemist		—		48,386.0		—		48,386.0		48,386.0
	Total Ministry of Health		—		62,132,342.0		230,926.0		61,901,416.0		61,901,416.0
46000	Ministry of Culture, Gender, Entertainment and Sport		—		3,508,592.0		220,797.0		3,287,795.0		3,287,795.0
50000	Ministry of Industry, Commerce, Agriculture and Fisheries		—		6,120,924.0		492,712.0		5,628,212.0		5,628,212.0
50038	The Companies Office of Jamaica		—		416,668.0		416,668.0		—		—
	Total Ministry of Industry, Commerce, Agriculture and Fisheries		—		6,537,592.0		909,380.0		5,628,212.0		5,628,212.0
56000	Ministry of Science, Energy and Technology		—		3,583,160.0		206,031.0		3,377,129.0		3,377,129.0
56039	Post and Telecommunications Department		—		2,278,614.0		688,463.0		1,590,151.0		1,590,151.0
	Total Ministry of Science, Energy and Technology		—		5,861,774.0		894,494.0		4,967,280.0		4,967,280.0
68000	Ministry of Transport and Mining		—		7,525,247.0		1,232,462.0		6,292,785.0		6,292,785.0
72000	Ministry of Local Government and Community Development		—		11,154,391.0		2,086,213.0		9,068,178.0		9,068,178.0
	Total Recurrent		164,964,026.0		354,755,632.0		25,945,818.0		328,809,814.0		493,773,840.0

56

	2017-2018 Jamaica Budget
		Capital
	Statutory provisions and Provisions to
	be Voted
	$’000

Head No. and Title		Statutory		Gross Expenditure to be Voted		Appropriations in Aid		Net Expenditure to be Voted		Net provisions in Estimates (Including Statutory)
15000A	Office of the Prime Minister		—		262,723.0		—		262,723.0		262,723.0
15000B	Office of the Prime Minister		—		1,916,380.0		200,000.0		1,716,380.0		1,716,380.0
16000B	Office of the Cabinet		—		652,421.0		—		652,421.0		652,421.0
19000A	Ministry of Economic Growth and Job Creation		—		1,607,000.0		—		1,607,000.0		1,607,000.0
19000B	Ministry of Economic Growth and Job Creation		—		18,518,595.0		—		18,518,595.0		18,518,595.0
20000A	Ministry of Finance and the Public Service		—		2,489,491.0		—		2,489,491.0		2,489,491.0
20000B	Ministry of Finance and the Public Service		—		2,358,078.0		—		2,358,078.0		2,358,078.0
20018A	Public Debt Servicing (Interest Payments and Debt Amortisation)		172,548,080.0		—		—		—		172,548,080.0
	Total Ministry of Finance and the Public Service		172,548,080.0		4,847,569.0		—		4,847,569.0		177,395,649.0
26000A	Ministry of National Security		—		3,030,000.0		27,000.0		3,003,000.0		3,003,000.0
26000B	Ministry of National Security		—		1,254,792.0		—		1,254,792.0		1,254,792.0
28000A	Ministry of Justice		—		424,660.0		—		424,660.0		424,660.0
28000B	Ministry of Justice		—		659,749.0		—		659,749.0		659,749.0
40000B	Ministry of Labour and Social Security		—		8,279,871.0		—		8,279,871.0		8,279,871.0
41000A	Ministry of Education, Youth and Information		—		904,440.0		—		904,440.0		904,440.0
41000B	Ministry of Education, Youth and Information		—		674,969.0		—		674,969.0		674,969.0
42000A	Ministry of Health		—		1,088,170.0		1,059,170.0		29,000.0		29,000.0
42000B	Ministry of Health		—		1,825,929.0		—		1,825,929.0		1,825,929.0
46000B	Ministry of Culture, Gender, Entertainment and Sport		—		16,080.0		—		16,080.0		16,080.0
50000A	Ministry of Industry, Commerce, Agriculture and Fisheries		—		1,491,948.0		—		1,491,948.0		1,491,948.0
50000B	Ministry of Industry, Commerce, Agriculture and Fisheries		—		375,418.0		—		375,418.0		375,418.0
56000A	Ministry of Science, Energy and Technology		—		701,881.0		450,000.0		251,881.0		251,881.0
56000B	Ministry of Science, Energy and Technology		—		625,847.0		—		625,847.0		625,847.0
68000A	Ministry of Transport and Mining		—		1,310,671.0		—		1,310,671.0		1,310,671.0
68000B	Ministry of Transport and Mining		—		—		—		—		—
72000A	Ministry of Local Government and Community Development		—		471,111.0		—		471,111.0		471,111.0
72000B	Ministry of Local Government and Community Development		—		78,480.0		—		78,480.0		78,480.0
	Total Capital		172,548,080.0		51,018,704.0		1,736,170.0		49,282,534.0		221,830,614.0
	Grand Total Recurrent and Capital		337,512,106.0		405,774,336.0		27,681,988.0		378,092,348.0		715,604,454.0

57