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

Exhibit C

INDEX TO REVENUE ESTIMATES AND FINANCIAL STATEMENTS FOR

THE GOVERNMENT OF JAMAICA FOR THE YEAR ENDING MARCH 31, 2020

		Page No.
I)	ESTIMATES OF REVENUE 2020/2021		1
A.	STATEMENT OF REVENUE ESTIMATES
	Statement I - Summary of Revenue and Loan Receipts		1
	Statement II - Details of Revenue and Loan Receipts		2
B.	STATEMENT OF FINANCING OF THE BUDGET
	Statement III - Summary of Revenue Estimates and Estimates of Expenditure		11
	Statement IV - Statement of Statutory Expenditure Charged to the Consolidated Fund		14
C.	SUMMARY ESTIMATES OF EXPENDITURE
	Summary of Net Expenditure Estimates by Head		16
	Statutory Provisions and Provisions to be Voted by Head		20
II)	FINANCIAL STATEMENTS 2019/2020
	Statement I - Receipts and Payments of the Consolidated Fund		24
	Statement II - Statement Financing		26
	Statement III - Revenue Estimates Compared with Consolidated Fund Receipts		27
	Statement IV - Statement of Expenditure Compared with Issues from the Consolidated Fund		29
	Statement V - Statement of Consolidated Fund Balances		32
	Statement VI - Statement of Transfers from the Capital Development Fund		33
	Statement VII - Contingencies Fund		35
	Statement VIII - Local (Internal) Debt		36
	Statement VIII - Foreign (External) Debt		37
	Notes to the Financial Statements		39

2020-2021 JAMAICA BUDGET

STATEMENT I

REVENUE AND LOAN RECEIPTS

SUMMARY

Head		Account 2018/2019 $		Estimates 2019/2020 $		Consolidated Fund Receipts 2019/2020 (December 2019) $		Estimates 2020/2021 $
I	RECURRENT REVENUE
	TAXATION
	Customs Duties		42,590,829,233		44,681,246,175		33,799,427,238		47,155,955,182
	Income Tax		153,554,425,452		158,263,712,790		108,221,529,616		168,126,337,031
	Stamp Duties		15,516,645,739		7,105,744,394		5,809,771,387		8,383,249,635
	Motor Vehicle Licences(Motor Vehicle Act)		4,140,911,714		4,449,579,480		3,197,546,669		4,919,511,150
	Other Licences		68,600,243		197,327,175		25,732,423		357,271,451
	Travel Tax		20,119,625,573		21,785,864,985		16,336,076,154		22,511,840,000
	Betting, Gaming and Lotteries-Duties, Fees and Levies		5,427,449,250		5,794,426,888		4,494,917,676		6,730,427,194
	Education Tax		30,008,361,126		31,871,426,613		23,781,139,508		34,449,108,535
	Contractors Levy		2,233,202,527		2,759,590,848		2,033,092,538		2,463,060,887
	General Consumption Tax		180,618,370,926		199,266,688,786		145,636,295,275		213,686,340,352
	Special Consumption Tax		72,146,419,957		79,660,799,468		57,407,868,232		83,348,268,721
	Environmental Levy		3,923,554,525		4,292,080,311		2,603,314,079		4,443,289,942
	Telephone Call Tax		2,853,413,806		2,120,336,459		2,490,416,443		2,510,240,000
	Guest Accomodation Room Tax		2,457,067,331		2,930,778,485		1,916,473,923		3,115,380,908
	Minimum Business Tax		982,455,641				198,062,765		0
	Quarry Tax		65,935,321		63,611,389		53,335,205		84,215,326
	Import Licences-Trade Board		1,549,694,192		329,688,042		246,580,072		345,294,000
	Telecommunication Licences		1,095,388,169		305,406,716		481,201,182		1,155,435,179
	TOTAL		539,352,350,724		565,878,309,004		408,732,780,386		603,785,225,492.57
II	NON-TAX REVENUE		74,628,416,966		59,608,511,882.00		51,152,157,539		66,498,900,000
	MISCELEANOUS RECEIPTS (UNCLASSIFIED)		0
	TOTAL RECURRENT REVENUE		613,980,767,690		625,486,820,886.00		459,884,937,925.21		670,284,125,492.57
III	CAPITAL REVENUE
	Land Sales		—		36,322,500.00		—		214,421,773.00
	Loan Repayments		1,844,942,673.46		3,083,500,000.00		1,816,373,827.82		121,578,227.00
	Extraordinary Receipts: Miscelleanous		28,074,490,091.90		18,552,943,708.00		78,425,925,368.27		8,193,000,000.00
	TOTAL CAPITAL REVENUE		29,919,432,765.36		21,672,766,208.00		80,242,299,196.09		8,529,000,000.00
	TOTAL RECURRENT AND CAPITAL REVENUE		643,900,200,455		647,159,587,094.00		540,127,237,121.30		678,813,125,492.57
IV	GRANTS
(I)	TRANSFER FROM CAPITAL DEVELOPMENT FUND
	Transfers to Current Account		—		—				135,700,000.00
	Transfers to Capital Account		—		—				—
	Other		273,043,600.00		130,900,000.00				—
(II)	EXTERNAL GRANTS
	Grants from the European Union		4,904,937,677.64		—				—
	Miscellaneous Grants		—		—		94,926,715.00		2,987,000,000.00
	Other Grants		3,091,498,000.00		5,635,485,000.00		2,843,440,985.00		1,350,323,510.00
	TOTAL GRANTS		8,269,479,277.64		5,766,385,000.00		2,938,367,700.00		4,473,023,510.00
V	LOAN RECEIPTS
	Loan receipts		126,595,831,368.55		102,736,400,000.00		93,021,881,867.93		143,602,930,000.00
	TOTAL LOAN RECEIPTS		126,595,831,368.55		102,736,400,000.00		93,021,881,867.93		143,602,930,000.00
	TOTAL REVENUE AND LOAN RECEIPTS		778,765,511,101		755,662,372,094.00		636,087,486,689.23		826,889,079,002.57

The Consolidated Fund Receipts are subject to change    

1

2020/2021 JAMAICA BUDGET

STATEMENT II

DETAILS OF REVENUE AND LOAN RECEIPTS

REVENUE ITEM DESCRIPTION	Consolidated Fund Receipts 2018/2019 (‘1)		Estimates 2019/2020 (‘2)		Consolidated Fund Receipts 2019/2020 (as at Dec-19) (‘3)		Estimates 2020/2021 (‘4)		Budget Increase(+) / Decrease (-) [(4)-(2)]
	J$		J$		J$				J$
TAX REVENUE
Import Duties		42,590,829,233.40		44,681,246,175.00		33,799,427,238.22		47,155,955,181.58		2,474,709,006.58
Income Tax-Companies		54,869,630,232.30		66,422,288,975.00		35,092,616,891.91		71,223,072,081.22		4,800,783,106.22
Income Tax- Individuals		75,058,652,798.99		71,127,369,126.00		55,404,962,391.67		74,095,360,318.06		2,967,991,192.06
Tax on Interest/Dividend		23,626,142,420.21		20,714,054,689.00		17,723,950,332.89		22,807,904,631.30		2,093,849,942.30
Stamp Duties (local)		3,135,020,840.13		4,680,113,629.00		2,137,044,585.98		5,462,677,521.03		782,563,892.03
Stamp Duties (import)		12,381,624,898.55		2,425,630,764.00		3,672,726,801.24		2,920,572,113.81		494,941,349.81
Motor Vehicle Licences (Motor Vehicle Act)		4,140,911,714.36		4,449,579,480.00		3,197,546,668.92		4,919,511,149.79		469,931,669.79
Customs Brokers		719,500.00		305,042.00		388,000.00		595,803.44		290,761.44
Gaming Machines		362,845,416.40		362,713,070.00		230,211,021.18		300,464,972.94		-62,248,097.06
Tourist Shop Licence		9,739,209.48		13,476,247.00		3,918,496.60		8,064,842.99		-5,411,404.01
Tourist Shop Operators Licence		15,966,584.69		17,562,048.00		4,104,369.60		13,221,606.83		-4,340,441.17
Hotel Licence Duty		5,967,664.05		8,526,592.00		2,666,787.89		4,941,702.27		-3,584,889.73
Other Licences		36,207,285.02		157,457,245.00		14,654,768.45		29,982,522.64		-127,474,722.36
Travel Tax		14,360,764,418.03		14,910,882,585.00		11,545,838,400.34		16,068,252,844.86		1,157,370,259.86
Passenger Levy		5,758,861,155.31		6,874,982,400.00		4,790,237,753.19		6,443,587,155.14		-431,395,244.86
Betting, Gaming and Lotteries-Duties, Fees and Levies		5,064,603,833.62		5,431,713,817.00		4,264,706,655.04		6,730,427,193.63		1,298,713,376.63
Education Tax		30,008,361,126.01		31,871,426,613.00		23,781,139,508.22		34,449,108,534.87		2,577,681,921.87
Contractors Levy		2,233,202,526.74		2,759,590,848.00		2,033,092,538.20		2,463,060,887.00		-296,529,961.00
General Consumption Tax		86,565,064,756.74		105,533,921,168.00		69,480,211,931.02		116,412,966,100.91		10,879,044,932.91
General Consumption Tax		94,053,306,169.09		93,732,767,618.00		76,156,083,344.07		97,273,374,251.54		3,540,606,633.54
Special Consumption Tax		49,138,240,813.88		26,866,639,478.00		37,301,173,166.42		31,857,545,353.34		4,990,905,875.34
Special Consumption Tax		23,008,179,142.90		52,794,159,990.00		20,106,695,065.27		51,490,723,367.90		-1,303,436,622.10
Environmental Levy		3,527,963,201.97		3,620,961,261.00		2,253,931,597.38		3,805,926,468.56		184,965,207.56
Environmental Levy		395,591,323.34		671,119,049.00		349,382,481.57		637,363,473.66		-33,755,575.34
Telephone Call Tax		2,853,413,805.81		2,120,336,459.00		2,490,416,443.38		2,510,240,000.00		389,903,541.00
Guest Accomodation Room Tax		2,457,067,331.22		2,930,778,485.00		1,916,473,922.91		3,115,380,908.00		184,602,423.00
Minimum Business Tax		982,455,640.62		—		198,062,765.16		0.00		0.00
Quarry Tax		65,935,320.70		63,611,389.00		53,335,204.95		84,215,326.03		20,603,937.03
Import Licences-Trade Board		1,549,694,191.82		329,688,042.00		246,580,072.45		345,294,000.00		15,605,958.00
Telecommunication Licences		1,095,388,168.77		305,406,716.00		481,201,181.76		1,155,435,179.22		850,028,463.22
TOTAL TAX REVENUE		539,352,350,724.15		565,878,309,000.00		408,732,780,385.88		603,785,225,492.57		37,906,916,492.57
HIS EXCELLENCY THE GOVERNOR GENERAL AND STAFF
Processing Fees
Miscelleanous Receipts		1,842,392.78		10,600.00		212,210.57		35,000		24,400.00
TOTAL- HIS EXCELLENCY THE GOVERNOR GENERAL AND STAFF		1,842,392.78		10,600.00		212,210.57		35,000.00		24,400.00
INTEGRITY COMMISSION OF JAMAICA
Contractor’s Registration Fees		8,430,720.28		4,970,000.00		4,566,349.04		5,420,000		450,000.00
TOTAL - OFFICE OF THE CONTRACTOR GENERAL		8,430,720.28		4,970,000.00		4,566,349.04		5,420,000.00		450,000.00
AUDITOR GENERAL’S DEPARTMENT
Audit Fees		4,699,341.84		5,000,000.00		6,400,867.84		4,997,000		-3,000.00
Miscelleanous Fees		8,027,517.78		5,000.00		737,630.72		3,000		-2,000.00
TOTAL- AUDITOR GENERAL’S DEPARTMENT		12,726,859.62		5,005,000.00		7,138,498.56		5,000,000.00		-5,000.00
OFFICE OF THE SERVICES COMMISSIONS
Processing Fees		—		5,000.00						-5,000.00
Miscelleanous Fees		127,317.41		121,558.00		119,656.00		49,000		-72,558.00
TOTAL - OFFICE OF THE SERVICES COMMISSIONS		127,317.41		126,558.00		119,656.00		49,000.00		-77,558.00
OFFICE OF THE PRIME MINISTER
Rental Charges		—		25,000.00				600,000.00		575,000.00
Irrevocable Order		—
Miscelleanous Receipts		8,402,593.11		275,000.00		2,970,094.66		500,000.00		225,000.00
TOTAL-OFFICE OF THE PRIME MINISTER		8,402,593.11		300,000.00		2,970,094.66		1,100,000.00		800,000.00
ELECTORAL COMMISSION
Registration and ID Card Service		—		8,600,000.00				890,000.00		-7,710,000.00
Miscelleanous Receipts		862,820.27		65,000.00		17,013,461.05		205,000.00		140,000.00
TOTAL- ELECTORAL COMMISSION		862,820.27		8,665,000.00		17,013,461.05		1,095,000.00		-7,570,000.00
OFFICE OF THE CABINET

2

2020/2021 JAMAICA BUDGET

STATEMENT II

DETAILS OF REVENUE AND LOAN RECEIPTS

REVENUE ITEM DESCRIPTION	Consolidated Fund Receipts 2018/2019 (‘1)		Estimates 2019/2020 (‘2)		Consolidated Fund Receipts 2019/2020 (as at Dec-19) (‘3)		Estimates 2020/2021 (‘4)		Budget Increase(+) / Decrease (-) [(4)-(2)]
	J$		J$		J$				J$
Irrevocable Order		—		8,000.00
Miscelleanous Receipts		424,977.89		22,000.00		1,070,746.29		50,000.00		28,000.00
TOTAL - OFFICE OF THE CABINET		424,977.89		30,000.00		1,070,746.29		50,000.00		28,000.00
MINISTRY OF TOURISM
Irrevocable Order		—		5,000.00
Miscelleanous Receipts		2,564,675.22		325,000.00		3,223,936.66		20,000.00		-305,000.00
De- earmarked Funds - TEF/ CHASE		6,996,096,816.91		8,425,300,169.00		5,691,991,514.84		8,531,404,594.00		106,104,425.00
TOTAL - MINISTRY OF TOURISM		6,998,661,492.13		8,425,630,169.00		5,695,215,451.50		8,531,424,594.00		105,799,425.00
MINISTRY OF ECONOMIC GROWTH AND JOB CREATION
Miscelleanous Receipts		26,264,617.01		598,820.00		12,066,069.74		663,913.00		65,093.00
TOTAL - MINISTRY OF ECONOMIC GROWTH AND JOB CREATION		26,264,617.01		598,820.00		12,066,069.74		663,913.00		65,093.00
FORESTRY DEPARTMENT
Timber Sales		—		—
Sale of Seedings		—		—
Miscelleanous Receipts		188,162.79		—		15,776,077.61				0.00
TOTAL - FORESTRY DEPARTMENT		188,162.79		—		15,776,077.61		—		0.00
NATIONAL LAND AGENCY
Miscellaneous Receipts (50% of Profit)		63,426,080.82				83,437,821.71
Assurance Fund (100% of Gross Receipts)		—		38,401,000.00				53,532,000.00		15,131,000.00
Rents - Crown Lands and Other Government
Properties		—		156,000,000.00		38,536,520.92		143,000,000.00		-13,000,000.00
Land Settlement Properties		—		25,754,000.00		7,151,067.90		33,000,000.00		7,246,000.00
Rental of Land-Leased properties		44,212,187.08		—		186,912.50				0.00
Attorney’s Fee/ Photocopying		—		—						0.00
Miscellaneous Receipts		73,658,885.94		—		42,784,520.16		6,000,000.00		6,000,000.00
Other Receipts (Including Crown Property Sales)		7,000.00		75,400,000.00				85,008,000.00		9,608,000.00
TOTAL NATIONAL LAND AGENCY		181,304,153.84		295,555,000.00		172,096,843.19		320,540,000.00		24,985,000.00
NATIONAL ENVIRONMENT AND PLANNING AGENCY
Beach and Dredging Licences		—		45,583,929.00				33,272,116.00		-12,311,813.00
Environment Permits and Licences Hunters
Licences		—		44,670,000.00				100,200,000.00		55,530,000.00
Hunters Licences		—		32,440,000.00				35,000,000.00		2,560,000.00
Air Quality Licence		—		11,448,165.00				11,500,143.00		51,978.00
Lifeguard		—		8,124,080.00				8,146,280.00		22,200.00
CITES		—		1,240,000.00				200,000.00		-1,040,000.00
Hazardous Waste		—		348,750.00				795,000.00		446,250.00
Wastewater and Sludge		—		53,147,364.00				33,404,684.00		-19,742,680.00
Other Fees		—		7,151,250.00		39,342,859.00
TOTAL NATIONAL ENVIRONMENT AND PLANNING AGENCY		—		204,153,538.00		39,342,859.00		222,518,223.00		25,515,935.00
MINISTRY OF FINANCE AND THE PUBLIC SERVICE
Fees - Banking Licence Registration (1973) - Commercial Banks		538,859,047.57		338,637,112.00		169,241,236.82		360,717,429.00		22,080,317.00
Profits in Government owned companies- Dividends and Financial Distribution		32,824,410,151.09		12,487,470,000.00		19,211,588,348.87		20,284,910,000.00		7,797,440,000.00
Sale of Unserviceable Stores		32,307,204.15		35,000,000.00		76,484,925.94		30,900,000.00		-4,100,000.00
BOJ Profits		—		—				—		0.00
Sale of Gazettes		—		1,890,000.00		1,445,436.64		2,000,000.00		110,000.00
Fees-Scotia Bank Jamaica Economic Growth Fund		—		—				—		0.00
Provident Fund		15,937,380.84		15,741,010.00		7,961,421.15		—		-15,741,010.00
Fees-FIA Licence Registration		608,978.41		470,327.00		466,838.01		513,522.00		43,195.00
Fees-Building Societies		28,874,111.00		33,860,414.00		30,268,990.00		33,294,803.00		-565,611.00
Sale of Forfeited Goods-FID		2,833,234.38		—				—		0.00
Cash Seized and Forfeited		129,234,387.48		—		42,759,089.21		55,590,315.38		55,590,315.38
Miscelleanous Receipts		80,738,364.69		608,000,000.00		31,872,828.67		608,000,000.00		0.00
Forfeiture of Loan Agreement (MDB)		7,792,265.80		15,000,000.00		3,695,512.10		15,000,000.00		0.00
TOTAL - MINISTRY OF FINANCE AND THE PUBLIC SERVICE		33,661,595,125.41		13,536,068,863.00		19,575,784,627.41		21,390,926,069.38		7,854,857,206.38

3

2020/2021 JAMAICA BUDGET

STATEMENT II

DETAILS OF REVENUE AND LOAN RECEIPTS

REVENUE ITEM DESCRIPTION	Consolidated Fund Receipts 2018/2019 (‘1)		Estimates 2019/2020 (‘2)		Consolidated Fund Receipts 2019/2020 (as at Dec-19) (‘3)		Estimates 2020/2021 (‘4)		Budget Increase(+) / Decrease (-) [(4)-(2)]
	J$		J$		J$				J$
ACCOUNTANT GENERAL’S DEPARTMENT
Interest on On Lent Loans		2,250,025,727.40		2,893,706,545.00		2,127,332,935.47		385,959,903.48		-2,507,746,641.52
Interest Earned on Local Currency Bank Accounts		296,621,051.02		375,239,632.00		36,592,195.01		62,712,854.56		-312,526,777.44
Interest Earned on Foreign Currency Bank Accounts		1,080,781,540.53		808,848,414.00		1,048,305,888.95		1,264,123,157.96		455,274,743.96
Interest Earned on Loans and Advances to Public Officers		13,086,506.34		15,195,930.00		8,394,811.42		11,436,074.33		-3,759,855.67
Interest on Government Deposits(MDA)		4,871,665.91		637,024.00		19,379,756.82		2,733,377.91		2,096,353.91
PCDF Interest - Global Bond Interest						6,439,361,266.50		4,501,800,000.00
PCDF Interest Local Investments						6,518,650.69		1,964,600,000.00
Pension Contributions: 3 % Contribution Scheme (20/21)		787,183,467.43		1,520,650,736.00		1,139,765,297.94		2,279,530,595.88		758,879,859.88
Pension Contribution:Members of the Legislature		1,549,038.10
Pension Contributions: Other Government Authorities for Seconded Officers Recovery of Pension and Salary		104,496,380.99		111,115,727.00		37,717,227.91		31,556,086.77		-79,559,640.23
Chancery Fund Commission		1,201,164.71		1,821,813.00		156,145.07		267,678.30		-1,554,134.70
Sale of Receipt Books		1,558,184.28		2,012,485.00		1,455,294.28		2,249,598.94		237,113.94
Recovery of Prior Years’ Expenditure		1,182,306.55		1,667,262.00		58,481,260.54		104,263,733.08		102,596,471.08
Processing Fees - Salary Deduction		1,653,687.75		1,834,949.00		1,435,600.11		1,531,461.43		-303,487.57
Miscelleanous Receipts		10,256,128,665.09		10,077,043,082.00		3,943,040,926.13		6,167,652,650.85		-3,909,390,431.15
Registration of Jamaica Investment Capital Growth Funds		—		—
Fees on Government Guaranteed Loans		1,456,073,472.96		—
Executive Agency Investment Fund Management Fees		1,614,629.46		1,847,855.00
TOTAL - ACCOUNTANT GENERAL’S DEPARTMENT		16,258,027,488.52		15,811,621,454.00		14,867,937,256.84		16,780,417,173.49		-5,495,756,425.51
JAMAICA CUSTOMS AGENCY
Warehouse Fees		5,138,253.90		9,085,158.00		8,858,298.66		9,850,473.24		765,315.24
Receipts from Sale of Seized Items		52,568,268.79		221,763,993.00		19,748,576.70		308,039,234.49		86,275,241.49
Penalty Payments for Breaches of Customs Act and Regulations		84,077,533.30		120,439,090.00		192,426,075.50		135,040,299.91		14,601,209.91
Net Service Charge for Shipping and Airline Carriers		178,373,121.15		981,858,185.00				892,521,644.24		-89,336,540.76
Processing Fees				—						0.00
Standard and Compliance Fees		26,817,562.57		36,121,281.00		24,504,232.50		37,627,109.47		1,505,828.47
Customs User/ Administration Fee		3,920,981,758.86		5,546,033,753.00		2,704,799,439.69		5,280,526,000.00		-265,507,753.00
Irrevocable Standing Orders		3,000.00		41,500.00				41,500.00		0.00
Miscelleanous Receipts		603,556,585.01		934,935.00		680,544,501.19		917,331.78		-17,603.22
TOTAL - JAMAICA CUSTOMS AGENCY		4,871,516,083.58		6,916,277,895.00		3,630,881,124.24		6,664,563,593.13		-251,714,301.87
TAX ADMINISTRATION OF JAMAICA
Penalty for late and non-payment of sundry taxes and licences		100,500.00		1,000.00
Penalty for Breaches of Spirit Licences				300,000.00				327,000.00		27,000.00
Property Tax (2.5%)		256,695,123.60		200,000,000.00		192,479,132.61		215,000,000.00		15,000,000.00
National Health Fund(NHF 2.5%)				—						0.00
Passport Immigration & Citizenship Agency Fee 0.5%		548,745.00		480,000.00		380,360.00		512,000.00		32,000.00
Road Maintenance Fund 2.5%		54,591,764.55		46,800,000.00		260,833,249.13		52,000,000.00		5,200,000.00
Special Consumption Tax 2.5%				—						0.00
Island Traffic Authority 20%		16,948,740.00		14,000,000.00		12,612,880.00		16,200,000.00		2,200,000.00
Police User Fees				—						0.00
Trade Licence 2.5%		10,169,095.99		9,000,000.00		7,769,118.52		8,000,000.00		-1,000,000.00
Miscellaneous Receipts		115,618,903.32		20,000,000.00		29,201,517.09		23,577,000.00		3,577,000.00
Firearm Licensing Authority User Fees				—
Excise Officers				—
TOTAL - TAX ADMINISTRATION OF JAMAICA		454,672,872.46		290,581,000.00		503,276,257.35		315,616,000.00		25,036,000.00
MINISTRY OF NATIONAL SECURITY
Sale of Services- CRDC		—		—				15,012,000.00		15,012,000.00
Miscelleanous Receipts		254,429,752.84		50,750,000.00		50,155,007.19		15,000,000.00		-35,750,000.00

4

2020/2021 JAMAICA BUDGET

STATEMENT II

DETAILS OF REVENUE AND LOAN RECEIPTS

REVENUE ITEM DESCRIPTION	Consolidated Fund Receipts 2018/2019 (‘1)		Estimates 2019/2020 (‘2)			Consolidated Fund Receipts 2019/2020 (as at Dec-19) (‘3)		Estimates 2020/2021 (‘4)		Budget Increase(+) / Decrease (-) [(4)-(2)]
	J$		J$			J$				J$
TOTAL - MINISTRY OF NATIONAL SECURITY		254,429,752.84		50,750,000.00			50,155,007.19		30,012,000.00		-20,738,000.00
JAMAICA DEFENCE FORCE
Rental of Lettings (Land and Buildings) Soldier’s Contribution		1,122,131.60		20,000,000.00					1,000,000.00		-19,000,000.00
Soldiers’ Contribution to various services		8,770,336.61		201,000,000.00					3,500,000.00		-197,500,000.00
TOTAL-JAMAICA DEFENCE FORCE		9,892,468.21		221,000,000.00			0.00		4,500,000.00		-216,500,000.00
POLICE DEPARTMENT
Police Certificates		82,238,350.00		425,000,000.00			4,703,740.79		482,369,000.00		57,369,000.00
Finger Print Search (Formerly User Service Fees)		411,143,750.00		—			298,723,960.00		461,000,000.00		461,000,000.00
Pension Contributions: Constabulary				—							0.00
Pension Contributions: Special Constables				—							0.00
Accident Report				33,612,000.00			6,000.00		18,687,000.00		-14,925,000.00
Miscellaneous Receipts		176,103,510.76		76,650,000.00			20,158,720.36		31,173,880.00		-45,476,120.00
TOTAL - POLICE DEPARTMENT		669,485,610.76		535,262,000.00			323,592,421.15		993,229,880.00		457,967,880.00
DEPARTMENT OF CORRECTIONAL SERVICES
Sundry Fines and Contribution		8,614,510.03		900,000.00			6,160,183.30		1,222,000.00		322,000.00
TOTAL - DEPARTMENT OF CORRECTIONAL SERVICES		8,614,510.03		900,000.00			6,160,183.30		1,222,000.00		322,000.00
PASSPORT, IMMIGRATION AND CITIZENSHIP AGENCY
Passport Services		—		1,907,267,275.00							-1,907,267,275.00
Citizenship Services		—		72,821,634.00							-72,821,634.00
Immigration Services		—		436,251,552.00							-436,251,552.00
Miscelleanous Fees		6,476,487.00		170,000,000.00	��						-170,000,000.00
CITIZENSHIP AGENCY		6,476,487.00		2,586,340,461.00			0.00		—		-2,586,340,461.00
MINISTRY OF JUSTICE
Traffic Fines		135,364,034.27		225,578,000.00					153,228,728.00		-72,349,272.00
Other Court Fines		246,050.01		366,000.00			721,180.86		1,442,362.00		1,076,362.00
Sale of Revised Laws of Jamaica to the Private Sector		—		—							0.00
Forfeited Recognizances (Funds)		—		—							0.00
Sale of Marriage Licences		—		—							0.00
Miscellaneous Receipts		137,611,181.39		184,517,000.00			104,833,623.81		176,048,500.00		-8,468,500.00
Tender Documents		—		—
TOTAL - MINISTRY OF JUSTICE		273,221,265.67		410,461,000.00			105,554,804.67		330,719,590.00		-79,741,410.00
ADMINISTRATOR GENERAL’S DEPARTMENT
Charges for Administering Intestate Estate (50% of Gross Receipts)		471,770.00		—			16,255,505.00				0.00
Bona Vacantia and Unclaimed Balances				2,000,000.00
TOTAL - ADMINISTRATOR GENERAL’S DEPARTMENT		471,770.00		2,000,000.00			16,255,505.00		—		0.00
MINISTRY OF FOREIGN AFFAIRS AND FOREIGN TRADE
Visa Fees from Overseas Missions		5,923,863.53		10,203,276.00			9,697,745.96		2,567,463.00		-7,635,813.00
Authentication fees		12,949,210.43		6,802,184.00			17,844,203.80		1,711,642.00		-5,090,542.00
Rush fees		98,154.00		1,700,546.00			205,110.92		427,911.00		-1,272,635.00
Consul fees		16,343,108.03		9,523,058.00			25,063,346.44		2,396,299.00		-7,126,759.00
Postage fees				—					342,328.00		342,328.00
Miscellaneous Receipts		46,577,960.79		5,781,857.00			76,232,737.17		1,112,567.00		-4,669,290.00
TOTAL - MINISTRY OF FOREIGN AFFAIRS AND FOREIGN TRADE		81,892,296.78		34,010,921.00			129,043,144.29		8,558,210.00		-25,452,711.00
MINISTRY OF LABOUR AND SOCIAL SECURITY
Reimbursement - NIS		832,435,326.44		820,962,000.00			165,269,841.98		735,011,000.00		-85,951,000.00
Fees - Factories Registration Act		2,630,841.43		2,117,031.00			1,412,832.00		1,587,664.00		-529,367.00
Fees - Employment Agencies Registration Act		685,000.00		317,143.00			840,228.00		610,000.00		292,857.00
Fees - Recruiting of Workers Act				—			0.00				0.00

5

2020/2021 JAMAICA BUDGET

STATEMENT II

DETAILS OF REVENUE AND LOAN RECEIPTS

					Consolidated
	Consolidated				Fund Receipts				Budget
	Fund Receipts		Estimates		2019/2020		Estimates		Increase(+) /
	2018/2019		2019/2020		(as at Dec-19)		2020/2021		Decrease (-)
REVENUE ITEM DESCRIPTION	(‘1)		(‘2)		(‘3)		(‘4)		[(4)-(2)]
	J$		J$		J$				J$
Work Permit		2,000.00		1,100,000,000.00		0.00		1,400,000,000.00		300,000,000.00
Miscellaneous Receipts		218,422,082.76		3,079,306.00		7,909,006.19		700,000.00		-2,379,306.00
TOTAL - MINISTRY OF LABOUR AND SOCIAL SECURITY		1,054,175,250.63		1,926,475,480.00		175,431,908.17		2,137,908,664.00		211,433,184.00
MINISTRY OF EDUCATION, YOUTH AND CULTURE
Fees from Jamaica School Certificate Examinations		—		200,000.00
Rental of EDDC and other Buildings		628,000.00		6,000,000.00		416,600.00		3,000,000.00		-3,000,000.00
Repayment of Bonds by Teachers		3,691,681.33		12,000,000.00		2,560,872.40		12,000,000.00		0.00
Transcripts		18,617,809.24		12,000.00		2,400.00		60,000.00		48,000.00
Recovery of Previous years Expenditure		6,277,600.11		12,000,000.00		22,691,981.57		12,000,000.00		0.00
Miscellaneous Receipts		102,038,885.09		10,000,000.00		22,767,860.67		10,000,000.00		0.00
TOTAL - MINISTRY OF EDUCATION, YOUTH AND CULTURE		131,253,975.77		40,212,000.00		48,439,714.64		37,060,000.00		-2,952,000.00
MINISTRY OF HEALTH
Registration of Pharmacies and Pharmacists		—		480,000.00						-480,000.00
Registration of Drugs		—		12,000,000.00				36,000,000.00		24,000,000.00
Parents Contribution toward Maintenance of Children in Children’s Home		—		—						0.00
Drug Permits		—		4,200,000.00				36,000,000.00		31,800,000.00
Miscellaneous Receipts		142,386,394.15		240,000.00		50,942,859.95		2,160,000.00		1,920,000.00
Advisory Panel on Ethics ( Research Proposal)		—		216,000.00				216,000.00		0.00
TOTAL - MINISTRY OF HEALTH		142,386,394.15		17,136,000.00		50,942,859.95		74,376,000.00		57,240,000.00
GOVERNMENT CHEMIST
Fees from Laboratory analyses		1,230,679.00		1,008,000.00		485,047.00		1,008,000.00		0.00
TOTAL - GOVERNMENT CHEMIST		1,230,679.00		1,008,000.00		485,047.00		1,008,000.00		0.00
MINISTRY OF CULTURE, GENDER, ENTERTAINMENT AND SPORTS
Irrevocable Order		—		—
Miscelleanous Receipts		892,886.34		115,000.00		1,821,796.40		350,000.00		235,000.00
TOTAL - MINISTRY OF CULTURE, GENDER, ENTERTAINMENT AND SPORTS		892,886.34		115,000.00		1,821,796.40		350,000.00		235,000.00
MINISTRY OF INDUSTRY COMMERCE AGRICULTURE AND FISHERIES
Agricultural Land Management Division		—		1,600,000.00				1,600,000.00		0.00
Miscelleanous Receipts		1,798,481,332.61		—		205,590,497.82				0.00
Other Receipts from Agricultural Stations		—		—						0.00
Receipts from sundry and other receipts		—		6,500.00				12,262,392.00		12,255,892.00
TOTAL - MINISTRY OF INDUSTRY COMMERCE AGRICULTURE AND FISHERIES		1,798,481,332.61		1,606,500.00		205,590,497.82		13,862,392.00		12,255,892.00
FOOD PROTECTION, INSPECTION AND
Food Protection , Inspection & Deinfestation Division - Sundry Fees		162,612.00		10,000,000.00						-10,000,000.00
TOTAL - FOOD STORAGE AND PREVENTION OF INVESTATION DIVISION		162,612.00		10,000,000.00		0.00		—		-10,000,000.00
OFFICE OF THE GOVERNMENT TRUSTEE
Commission on Dividend Payment		—		1,237,387.00				1,368,414.00		131,027.00
Legal fees and charges against the Bankruptcy		5,821,666.67		5,347,500.00				2,274,000.00		-3,073,500.00
TOTAL - OFFICE OF THE GOVERNMENT TRUSTEE		5,821,666.67		6,584,887.00		0.00		3,642,414.00		-2,942,473.00
OFFICE OF THE SUPERVISOR OF INSOLVENCY
Insolvency Status Verification		—		2,520,000.00				3,000,000.00		480,000.00
Trustee Application Fee		—		80,000.00				100,000.00		20,000.00
Trustee Licence Fee		—		480,000.00				150,000.00		-330,000.00
Trustee License Renewal		—		2,000.00				2,000.00		0.00
Miscellaneous Receipts		—		10,000.00				20,000.00		10,000.00

6

2020/2021 JAMAICA BUDGET

STATEMENT II

DETAILS OF REVENUE AND LOAN RECEIPTS

					Consolidated
	Consolidated				Fund Receipts				Budget
	Fund Receipts		Estimates		2019/2020		Estimates		Increase(+) /
	2018/2019		2019/2020		(as at Dec-19)		2020/2021		Decrease (-)
REVENUE ITEM DESCRIPTION	(‘1)		(‘2)		(‘3)		(‘4)		[(4)-(2)]
	J$		J$		J$				J$
TOTAL - OFFICE OF THE SUPERVISOR OF INSOLVENCY		—		3,092,000.00		0.00		3,272,000.00		180,000.00
TRADE BOARD
Certification Fees		—		7,401,680.00				7,122,951.00		-278,729.00
Dealers Registration / Licensing Fees		—		—						0.00
Scrap Metal		—		4,664,799.00				4,534,758.00		-130,041.00
Car Dealers Registration		—		48,500,000.00				61,158,500.00		12,658,500.00
Collateral Letter		—		4,162,500.00				4,519,500.00		357,000.00
Letter of Transfer		—		1,916,000.00				1,922,000.00		6,000.00
Miscellaneous Receipts		—		52,228,196.00				62,995,488.00		10,767,292.00
TOTAL - TRADE BOARD		—		118,873,175.00		0.00		142,253,197.00		23,380,022.00
DEPARTMENT OF COOPERATIVE AND FRIENDLY SOCIETIES
Amendment to Rules Fees		—		30,000.00				30,000.00		0.00
Registration Fees - Cooperative & Friendly
Society		—		120,000.00				120,000.00		0.00
Registration of Special Resolution		—		—						0.00
Arbitration		—		50,000.00				50,000.00		0.00
Training		—		270,000.00				270,000.00		0.00
Registration of change in office to include		—		—						0.00
Annual Fees for IP Societies		—		300,000.00				300,000.00		0.00
Miscellaneous Receipts		788,456.00		105,000.00		583,635.00		105,000.00		0.00
TOTAL - DEPARTMENT OF COOPERATIVE AND FRIENDLY SOCIETIES		788,456.00		875,000.00		583,635.00		875,000.00		0.00
COMPANIES OFFICE OF JAMAICA
Fees for Registration of Companies (50% of Surplus to Consolidated Fund)				331,842,475.00						-331,842,475.00
Fees for Registration of Business Names (50% Surplus to Consolidated Fund)				63,094,971.00		5,760,627.00				-63,094,971.00
Miscellaneous receipts				74,647,574.00						-74,647,574.00
TOTAL - COMPANIES OFFICE OF JAMAICA		—		469,585,020.00		5,760,627.00		—		-469,585,020.00
JAMAICA INTELLECTUAL PROPERTY OFFICE
Fees for Registration of Trademark				80,581,000.00		15,511,380.00		—
Patent fees				45,000.00		12.00		10,000.00		-35,000.00
Design Fees				216,500.00		130,000.00		262,500.00		46,000.00
Search Fees				398,200.00		2,719,750.00		402,600.00		4,400.00
Trade Mark Journal				422,400.00		24,200.00		—		-422,400.00
Trade Mark Publication				5,011,600.00		1,562,000.00		5,062,200.00		50,600.00
Geographical Indication Registration				30,000.00				30,000.00		0.00
Copyright-GDA Registration				461,450.00		80,400.00		444,000.00		-17,450.00
Madrid Treaty Registration				—						0.00
Patent Corporation Treaty Registration				125,000.00						-125,000.00
Miscellaneous receipts		84,591,450.70		—		35,778,354.64		84,360,900.00		84,360,900.00
TOTAL - JAMAICA INTELLECTUAL PROPERTY OFFICE		84,591,450.70		87,291,150.00		55,806,096.64		90,572,200.00		83,862,050.00
MINISTRY OF SCIENCE & TECHNOLOGY
Fees- Electric Lighting Act		22,363,797.80		—		10,184,910.10		16,000,000.00		16,000,000.00
Miscelleanous Receipts		12,944,716.28		—		12,989,088.83		4,000,000.00		4,000,000.00
TOTAL - MINISTRY OF SCIENCE & TECHNOLOGY AND TELECOMMUNICATION		35,308,514.08		—		23,173,998.93		20,000,000.00		20,000,000.00
SCIENTIFIC RESEARCH COUNCIL
Information Services		—
Process Development		—
Product Research and Development		—						86,408,000.00		86,408,000.00
Promotion and Distribution of Products		—
TOTAL - SCIENTIFIC RESEARCH COUNCIL		—		—		0.00		86,408,000.00		86,408,000.00

7

2020/2021 JAMAICA BUDGET

STATEMENT II

DETAILS OF REVENUE AND LOAN RECEIPTS

					Consolidated
	Consolidated				Fund Receipts				Budget
	Fund Receipts		Estimates		2019/2020		Estimates		Increase(+) /
	2018/2019		2019/2020		(as at Dec-19)		2020/2021		Decrease (-)
REVENUE ITEM DESCRIPTION	(‘1)		(‘2)		(‘3)		(‘4)		[(4)-(2)]
	J$		J$		J$				J$
POST AND TELECOMMUNICATION DEPARTMENT
Sales of Stamps		140,857,080.00		174,335,000.00		80,319,656.87		174,335,000		0.00
Postage, Prepayment		469,896,574.65		550,000,000.00		183,220,045.98		680,000,000		130,000,000.00
Commission on Money Order and Postal Orders		—		—		11,206,320.70				0.00
C.O.D. and Customs Clearance Fees on Parcels		2,744,760.00		4,000,000.00		1,715,000.00		4,000,000		0.00
Shares of Postage on Parcels		—		—		549,058.26				0.00
Rental of Property		20,593,469.80		13,976,000.00		21,556,529.49		13,976,000		0.00
Rental of Letter Boxes and Bags		33,130,331.76		23,908,000.00		10,670,000.00		23,908,000		0.00
Terminal Dues / Postal Administrations and Airlines		2,131,826.50		30,500,000.00				30,500,000		0.00
Express Mail				58,960,000.00				28,960,000		-30,000,000.00
Other Postal Business		66,297,857.76		10,000,000.00		15,988,834.33		10,000,000		0.00
Commission fees from Jamaica National Small Business		7,944,660.53		5,500,000.00		3,302,526.63		5,500,000		0.00
Commission Fees from Ministry of Labour and		94,441,701.00		120,167,000.00		31,079,345.00		120,167,000		0.00
Commission on the sale of Ministry of Water & Housing Water Tank and Water Coupons		—		—		6,280,839.28
TOTAL - POST AND TELECOMMUNICATION DEPARTMENT		838,038,262.00		991,346,000.00		365,888,156.54		1,091,346,000.00		100,000,000.00
MINISTRY OF TRANSPORT AND MINING
Tender Documents		—		60,000.00				60,000		0.00
Other Receipts		—		70,000.00		599,887,164.05		147,000		77,000.00
Miscelleanous Receipts		81,705,504.15		50,000.00		14,970,771.23		19,000		-31,000.00
Bluefield Guest House		—		—						0.00
On and Off Trailer Plates		—		—						0.00
De- earmarked - Civil Aviation Authority		5,905,471,261.77		5,775,245,615.00		3,667,050,463.63		6,565,911,887		790,666,272.00
TOTAL - MINISTRY OF TRANSPORT AND WORKS		5,987,176,765.92		5,775,425,615.00		4,281,908,398.91		6,566,137,887.00		790,712,272.00
MINES AND GEOLOGY
Application for Export Permits		—		700,000.00						-700,000.00
Library Publication		—		180,000.00						-180,000.00
Receipts from issue of Sundry Permits		—		20,000.00				720,000		700,000.00
Laboratory Analysis - Metallic Minerals		—		9,500,000.00				12,000,000		2,500,000.00
Miscellaneous Receipts		6,882,934.11		6,500,000.00		14,773,465.11		8,220,000		1,720,000.00
Royalties-Bauxite		736,001,240.28		760,000,000.00		736,942,243.78		560,000,000		-200,000,000.00
Royalties-Limestone		—		40,000,000.00		4,813,047.26		40,000,000		0.00
Royalties-Marble		—		—						0.00
Blasting Inspections		527,500.00		850,000.00		328,500.00		800,000		-50,000.00
TOTAL - MINES AND GEOLOGY		743,411,674.39		817,750,000.00		756,857,256.15		621,740,000.00		-196,010,000.00
MINISTRY OF LOCAL GOVERNMENT AND COMMUNITY DEVELOPMENT
Fire Inspection Fees		—		—						0.00
Tender Document Fees		—		8,000.00				8,000		0.00
Repairs of Fire Hydrants		—		—						0.00
Permission to Host events		—		—						0.00
Fines		—		—						0.00
6% Pension Contribution - Councillors		11,504,321.12		—						0.00
Miscellaneous Receipts		3,660,885.77		809,776.00		3,238,897.53		420,000		-389,776.00
TOTAL - MINISTRY OF LOCAL GOVERNMENT AND COMMUNITY DEVELOPMENT		15,165,206.89		817,776.00		3,238,897.53		428,000.00		-389,776.00
JAMAICA FIRE BRIGADE
Fire Certification & Application				—						0.00
Training of Safety Monitor & Demonstration				—						0.00
TOTAL - JAMAICA FIRE BRIGADE		—		—		0.00		—		0.00
MISCELLEANOUS RECEIPTS (UNCLASSIFIED)						0.00				0.00
TOTAL NON TAX REVENUE		74,628,416,965.54		59,608,511,882.00		51,152,157,539.33		66,498,900,000.00		515,782,223.00
TOTAL RECURRENT REVENUE		613,980,767,689.69		625,486,820,882.00		459,884,937,925.21		670,284,125,492.57		38,422,698,715.57

8

2020/2021 JAMAICA BUDGET

STATEMENT II

DETAILS OF REVENUE AND LOAN RECEIPTS

					Consolidated
	Consolidated				Fund Receipts				Budget
	Fund Receipts		Estimates		2019/2020		Estimates		Increase(+) /
	2018/2019		2019/2020		(as at Dec-19)		2020/2021		Decrease (-)
REVENUE ITEM DESCRIPTION	(‘1)		(‘2)		(‘3)		(‘4)		[(4)-(2)]
	J$		J$		J$				J$
CAPITAL REVENUE
LAND SALES
Crown Property Sales		—		36,322,500.00				214,421,773.00		178,099,273.00
TOTAL - LAND SALES		—		36,322,500.00		0.00		214,421,773.00		178,099,273.00
LOAN REPAYMENTS
Miscellaneous		1,844,942,673.46		3,083,500,000.00		1,816,373,827.82		121,578,227.00		-2,961,921,773.00
TOTAL LOAN REPAYMENTS		1,844,942,673.46		3,083,500,000.00		1,816,373,827.82		121,578,227.00		-2,961,921,773.00
EXTRAORDINARY RECEIPTS
Miscelleanous (PCDF Inflows)		13,549,991,913.05		18,552,943,708.00		78,425,925,368.27		8,193,000,000		-10,359,943,708.00
Proceeds from Divestment		14,524,498,178.85		—						0.00
TOTAL -EXTRAORDINARY RECEIPTS		28,074,490,091.90		18,552,943,708.00		78,425,925,368.27		8,193,000,000.00		-10,359,943,708.00
TOTAL CAPITAL REVENUE		29,919,432,765.36		21,672,766,208.00		80,242,299,196.09		8,529,000,000.00		-13,143,766,208.00
GRANTS
TRANSFER FROM CAPITAL DEVELOPMENT FUND
Transfer to Current Account		—						135,700,000
Transfers in lieu of Income Tax from Alumina Producers		—
Others		273,043,600.00		130,900,000.00						-130,900,000.00
TOTAL - TRANSFER TO CAPITAL ACCOUNT		273,043,600.00		130,900,000.00		0.00		135,700,000.00		-130,900,000.00
EXTERNAL GRANTS
European Union		4,904,937,677.64		—						0.00
Miscelleanous Grants		—		—		94,926,715.00		2,987,000,000		2,987,000,000.00
Other Grants		3,091,498,000.00		5,635,485,000.00		2,843,440,985.00		1,350,323,510		-4,285,161,490.00
TOTAL EXTERNAL GRANTS		7,996,435,677.64		5,635,485,000.00		2,938,367,700.00		4,337,323,510.00		-1,298,161,490.00
TOTAL GRANTS		8,269,479,277.64		5,766,385,000.00		2,938,367,700.00		4,473,023,510.00		-1,429,061,490.00
EXTERNAL LOANS
Multilateral
Loans to be raised under Act 39 of 1964
World Bank Loans		—						4,070,100,000.00		4,070,100,000.00
Inter-American Development Bank		15,381,559,816.34		36,944,300,000.00		8,350,557,115.04		10,175,250,000.00		-26,769,050,000.00
USAID		—		—						0.00
Caribbean Development Bank		7,698,068.96		—						0.00
European Union		—		—						0.00
World Bank/IDB		1,421,592,000.00		—		1,470,599,000.00				0.00
IFID		—		—						0.00
/USAID		—		—						0.00
OPEC		—		—						0.00
OECF		—		—						0.00
IMF		—		—						0.00
IBRD		3,859,730,328.55		9,310,000,000.00		2,561,380,000.00		5,689,410,000.00		-3,620,590,000.00
Other (IDB)		1,023,933,000.00		—		129,303,000.00		6,499,170,000.00		6,499,170,000.00
Total Multilateral Loans		21,694,513,213.85		46,254,300,000.00		12,511,839,115.04		26,433,930,000.00		-19,820,370,000.00
Bilateral
Government of China		18,012,135,000.00		—		2,637,175,000.00		7,944,570,000.00		7,944,570,000.00
Government of Germany		—		—						0.00
JBIC		—		—						0.00
Kuwait		—		—						0.00
Saudi		—		—						0.00
PL480		—		—						0.00
Other		14,984,000.00		—						0.00
										0.00
Other Loans				—						0.00
Capital Market		—		—						0.00
Other		—		—						0.00
Total Bilateral Loans		18,027,119,000.00		—		2,637,175,000.00		7,944,570,000.00		7,944,570,000.00
TOTAL - EXTERNAL LOANS		39,721,632,213.85		46,254,300,000.00		15,149,014,115.04		34,378,500,000.00		-11,875,800,000.00

9

2020/2021 JAMAICA BUDGET

STATEMENT II

DETAILS OF REVENUE AND LOAN RECEIPTS

					Consolidated
	Consolidated				Fund Receipts				Budget
	Fund Receipts		Estimates		2019/2020		Estimates		Increase(+) /
	2018/2019		2019/2020		(as at Dec-19)		2020/2021		Decrease (-)
REVENUE ITEM DESCRIPTION	(‘1)		(‘2)		(‘3)		(‘4)		[(4)-(2)]
	J$		J$		J$				J$
DOMESTIC LOANS
Local Commercial Banking Sector		—		—
Benchmark Notes & Treasury Bills		76,553,165,750.27		56,482,100,000.00		70,899,176,696.08		109,224,430,000.00		52,742,330,000.00
Indexed Bonds & US$ Loans		—		—						0.00
Other		10,321,033,404.43		—		6,973,691,056.81				0.00
TOTAL - DOMESTIC LOANS		86,874,199,154.70		56,482,100,000.00		77,872,867,752.89		109,224,430,000.00		52,742,330,000.00
TOTAL LOANS		126,595,831,368.55		102,736,400,000.00		93,021,881,867.93		143,602,930,000.00		40,866,530,000.00
RECURRENT REVENUE
Tax Revenue		539,352,350,724.15		565,878,309,000.00		408,732,780,385.88		603,785,225,492.57		-26,525,958,275.85
Non Tax Revenue		74,628,416,965.54		59,608,511,882.00		51,152,157,539.33		66,498,900,000.00		15,019,905,083.54
CAPITAL REVENUE		29,919,432,765.36		21,672,766,208.00		80,242,299,196.09		8,529,000,000.00		8,246,666,557.36
GRANTS
Transfer from Capital Development Fund		273,043,600.00		130,900,000.00		—		135,700,000.00		142,143,600.00
External Grants		7,996,435,677.64		5,635,485,000.00		2,938,367,700.00		4,337,323,510.00		2,360,950,677.64
LOANS										0.00
External Loans		39,721,632,213.85		46,254,300,000.00		15,149,014,115.04		34,378,500,000.00		-6,532,667,786.15
Domestic Loans		86,874,199,154.70		56,482,100,000.00		77,872,867,752.89		109,224,430,000.00		30,392,099,154.70
		778,765,511,101.24		755,662,372,090.00		636,087,486,689.23		826,889,079,002.57		23,103,139,011.24

10

2020-2021 JAMAICA BUDGET
STATEMENT III
Summary of Revenue Estimates and Estimates of Expenditure for the Year 2020-2021
$’000
RECURRENT
REVENUE			EXPENDITURE
	Estimates,   2020/2021			Estimates, 2020/2021
I   RECURRENT REVENUE			RECURRENT EXPENDITURE
Customs		47,155,955,181.58	His Excellency the Governor-General and Staff		411,824,000.00
Income Tax		168,126,337,030.58	Houses of Parliament		1,173,269,000.00
Stamp Duties		8,383,249,634.84	Office of the Public Defender		131,096,000.00
Motor Vehicle Licences(Motor Vehicle Act)		4,919,511,149.79	Auditor General		1,028,764,000.00
Other Licences		357,271,451.12	Office of the Services Commissions		353,172,000.00
Travel Tax		22,511,840,000.00	Office of the Children’s Advocate		207,234,000.00
Betting, Gaming and Lotteries-Duties, Fees and Levies		6,730,427,193.63	Independent Commission of Investigations		661,715,000.00
Education Tax		34,449,108,534.87	Integrity Commission		766,749,000.00
Contractors Levy		2,463,060,887.00	Office of the Prime Minister		11,863,258,000.00
General Consumption Tax		213,686,340,352.45	Office of the Cabinet		1,047,537,000.00
Special Consumption Tax		83,348,268,721.24	Ministry of Tourism		12,604,991,000.00
Environmental Levy		4,443,289,942.22	Ministry of Economic Growth abd Job Creation		16,117,735,000.00
Telephone Call Tax		2,510,240,000.00	Ministry of Finance and Public Service		414,459,282,000.00
Guest Accomodation Room Tax		3,115,380,908.00	Ministry of National Security		82,040,170,000.00
Minimum Business Tax		-	Ministry of Justice		9,532,896,000.00
Quarry Tax		84,215,326.03	Ministry of Foreign Affairs and Foreign Trade		5,108,919,000.00
Import Licences-Trade Board		345,294,000.00	Ministry of Labour and Social Security		5,085,367,000.00
Telecommunication Licences		1,155,435,179.22	Ministry of Education, Youth and Information		117,964,004,000.00
TOTAL TAX REVENUE		603,785,225,492.57	Ministry of Health and Wellness		74,884,257,000.00
			Ministry of Culture, Gender, Entertainment and Sport		4,901,265,000.00
			Ministry of Industry, Commerce, Agriculture and Fisheries		12,665,837,000.00
NON-TAX REVENUE		66,498,900,000.00	Ministry of Science, Energy and Technology		8,042,538,000.00
			Ministry of Transport and Mining		11,673,099,000.00
SUBTOTAL NON TAX REVENUE		66,498,900,000.00	Ministry of Local Government and Community Development		16,512,156,000.00
TRANSFERS FROM CAPITAL DEVELOPMENT FUND		135,700,000.00
			GROSS TOTAL		809,237,134,000.00
			Less Appropriations-In-Aid		30,764,075,000.00
TOTAL RECURRENT REVENUE		670,419,825,492.57	TOTAL RECURRENT EXPENDITURE		778,473,059,000.00

11

2020-2021 JAMAICA BUDGET
STATEMENT III
Summary of Revenue Estimates and Estimates of Expenditure for the Year 2020-2021
$’000
CAPITAL
Revenue			Expenditure
	Estimates, 2020/2021			Estimates, 2020/2021
CAPITAL REVENUE			CAPITAL EXPENDITURE
Land Sales		214,421,773.00	Office of the Prime Minister		6,616,215,000.00
Loan Repayments		121,578,227.00	Office of the Cabinet		19,575,000.00
Extraordinary Receipts: Miscelleanous		8,193,000,000.00	Ministry of Economic Growth abd Job Creation		22,355,858,000.00
			Ministry of Finance and Public Service		7,927,818,000.00
Subt Total Capital Revenue		8,529,000,000.00	Ministry of National Security		15,953,840,000.00
			Ministry of Justice		941,500,000.00
Grants		4,337,323,510.00	Ministry of Labour and Social Security		8,596,012,000.00
			Ministry of Education, Youth and Information		1,480,478,000.00
External Loans			Ministry of Health and Wellness		3,903,604,000.00
(A) Multilateral			Ministry of Culture, Gender, Entertainment and Sport		25,184,000.00
			Ministry of Industry, Commerce, Agriculture and Fisheries		3,519,016,000.00
World Bank Loans		4,070,100,000.00	Ministry of Science, Energy and Technology		696,804,000.00
Inter-American Development Bank		10,175,250,000.00	Ministry of Local Government and Community Development		2,217,356,000.00
USAID		-
Caribbean Development Bank		-
European Union		-
World Bank/IDB		-
IFID		-
OECF/USAID		-
OPEC		-
OECF		-
IMF		-
IBRD		5,689,410,000.00
Other		6,499,170,000.00
			GROSS TOTAL		74,253,260,000.00
Total Multilateral		26,433,930,000.00
			Less Appropriations-In-Aid		50,000,000.00
(B) Bilateral
			TOTAL CAPITAL EXPENDITURE		74,203,260,000.00
Government of China		7,944,570,000.00
Government of Germany		-
JBIC		-
Kuwait		-
Saudi		-
PL480		-
Other
Total Bilateral		7,944,570,000.00
(C ) Capital Market
Total External Loans		34,378,500,000.00
Domestic Loans
(D) Benchmark Notes & Treasury Bills		109,224,430,000.00
(E) Other
Total Domestic Loan		109,224,430,000.00
Total External and Domestic Loans		143,602,930,000.00

12

2020-2021 JAMAICA BUDGET

STATEMENT III

Summary of Revenue Estimates and Estimates of Expenditure for the Year 2020-2021

$’000

SUMMARY
REVENUE		EXPENDITURE
	-	Recurrent Estimates	778,473,059,000.00
Tax and Non Tax Revenue	670,284,125,492.57	Capital Estimates	74,203,260,000.00
Capital Revenue	8,529,000,000.00
Transfer from Capital Development Fund	135,700,000.00
Grants	4,337,323,510.00
Loan Funds (Raised and to be Raised)	143,602,930,000.00
TOTAL RECEIPTS	826,889,079,002.57	TOTAL EXPENDITURE	852,676,319,000.00

13

2020-2021 JAMAICA BUDGET

STATEMENT IV

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		314,149.0	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.		16,931.0	Section 47 (8) of the Constitution of Jamaica.
03000	Office of the Public Defender	Salary and Allowances of the Public Defender.		14,175.0	Section 9 of the Public Defender Interim Act 33/1999
05000	Auditor General	Salary of the Auditor General		9,275.0	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.		10,123.0	Section 124 (8) of the Constitution of Jamaica.
07000	Office of the Children’s Advocate	Salary of the Children’s Advocate		12,936.0	The Child Care and Protection Act, First Schedule
08000	Independent Commission of Investigations	Salary of the Commissioner		12,975.0	The Independent Commission of Investigations Act, First Schedule
09000	Integrity Commission	Salaries and Allowances for the Commissioners of the Integrity Commission		30,000.0	Section 22 of the Integrity Commission Act
20017	Public Debt Servicing (Amortisation)	Payment for the amortisation of loans raised by the Government of Jamaica.		155,189,700.0	Section 119 of the Constitution of Jamaica
20018	Public Debt Servicing (Interest Payments)	Payment of interest, service charges and commitment fees in respect of the public debt of Jamaica.		132,654,211.0	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.		13,340,069.0	Section 4 of the Pensions Act.
		Jamaica Defence Force Pension		575,362.0	Defence (Retired, Pay Pensions and other Grants) Regulation, 1962
		Payment of Pensions and Gratuities to Teachers in accordance with the Pensions Act		5,975,011.0	The Pensions (Teachers) Act.
		Payment of Pensions, Gratuities or other allowances to Sub-Officers and Constables of the Police Force in accordance with the Constabulary Force Act		5,633,501.0	Constabulary Force Act.
		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.		206,361.0	Section 12 of the Retiring Allowances (Legislative Service) Act and Section 7 of the Pensions (Prime Minister) Act.

14

2020-2021 JAMAICA BUDGET

STATEMENT IV

STATEMENT OF STATUTORY EXPENDITURE CHARGED

TO THE CONSOLIDATED FUND

Head No.	Head of Estimates	Particulars of Service	Amount $’000		Statutory Authority
		Refund of Family Benefits Contributions in accordance with the Provisions of the Pensions (Civil Service Family Benefits) Act.		167,547.0	Section 10 of the Pensions (Civil Service Family Benefits) Act.
		Payment of Pensions in accordance with the Provisions of the Pensions (Civil Service Family Benefits) Act.		549,320.0	Pensions (Civil Service Family Benefits) Act.
		Payment of Pensions to retired Parish Councillors and/or their widows in accordance with the provisions of the Retiring Allowances (Parish Councillors) Act		191,589.0	Parish Councillors Act 2005
		Payment of Pensions to the retired members of the Electoral Commission and their widows		6,000.0	The Pensions Act
		Payment of Pensions to the retired Ombudsmen and their widows.		3,986.0	The Ombudsman Act
		Governor-General’s Pension		17,320.0	Governor General Act
		Payment of Pensions to the retired Contractor General and his widow in accordance with the Contractor General Act.		15,248.0	The Contractor General Act
		Jamaica Agricultural Society Pensions		10,231.0	Provident Fund Act
		Payment of Pensions to the former employees, Jamaica Railway Corporation.		180,704.0	Jamaica Railway Corporation (Pensions) Regulations
		Total Pensions		26,872,249.0
28025	Director of Public Prosecutions	Payment of Salary to the Director of Public Prosecutions		10,100.0	Section 95 (2) of the Constitution of Jamaica
28058	Judiciary	Payment of Salaries to the Judges of the Court of Appeal and the Supreme Court		785,962.0	Section 107 (1) of the Constitution of Jamaica
		Total		315,932,786.0

15

	2020-2021 Jamaica Budget
	Estimates of Expenditure (Net of Appropriations-in-Aid)	Recurrent
	$’000

Head No. and Title		Actual (Provisional) Expenditure 2018-2019		Approved Estimates 2019-2020		Revised Estimates 2019-2020		Estimates 2020-2021		Projected Estimates 2021-2022		Projected Estimates 2022-2023		Projected Estimates 2023-2024
01000	His Excellency the Governor General and Staff		337,370.0		290,111.0		290,111.0		409,774.0		419,350.0		430,507.0		442,161.0
02000	Houses of Parliament		1,073,493.0		1,089,639.0		1,104,039.0		1,173,269.0		1,176,728.0		1,198,591.0		1,221,180.0
03000	Office of the Public Defender		130,643.0		137,953.0		143,650.0		131,096.0		134,095.0		137,357.0		140,756.0
04000	Office of the Contractor-General		—		—		—		—		—		—		—
05000	Auditor General		749,862.0		847,741.0		905,108.0		1,023,764.0		930,545.0		952,977.0		976,186.0
06000	Office of the Services Commissions		298,346.0		330,541.0		292,111.0		353,172.0		348,085.0		354,627.0		361,372.0
07000	Office of the Children’s Advocate		189,298.0		201,331.0		201,331.0		207,234.0		212,893.0		218,889.0		225,180.0
08000	Independent Commission of Investigations		424,208.0		469,975.0		478,775.0		500,715.0		511,645.0		524,068.0		537,026.0
09000	Integrity Commission		463,809.0		833,920.0		712,950.0		766,749.0		797,885.0		833,173.0		872,120.0
15000	Office of the Prime Minister		7,972,308.0		6,777,377.0		6,897,823.0		9,765,247.0		7,692,465.0		7,991,026.0		8,306,889.0
15010	Jamaica Information Service		661,157.0		697,424.0		697,424.0		744,027.0		753,932.0		776,769.0		800,800.0
15020	Registrar General’s Department and Island Records Office		16,935.0		10,480.0		143,770.0		388,603.0		388,885.0		389,174.0		389,470.0
	Total Office of the Prime Minister and Departments		8,650,400.0		7,485,281.0		7,739,017.0		10,897,877.0		8,835,282.0		9,156,969.0		9,497,159.0
16000	Office of the Cabinet		437,332.0		512,504.0		478,504.0		521,861.0		534,538.0		550,118.0		572,153.0
16049	Management Institute for National Development		168,406.0		225,234.0		225,234.0		261,676.0		268,218.0		274,010.0		280,860.0
	Total Office of the Cabinet and Departments		605,738.0		737,738.0		703,738.0		783,537.0		802,756.0		824,128.0		853,013.0
17000	Ministry of Tourism		11,435,721.0		11,525,361.0		11,525,361.0		12,513,319.0		13,000,719.0		13,577,521.0		14,192,156.0
19000	Ministry of Economic Growth and Job Creation		8,278,808.0		7,263,805.0		10,176,433.0		7,637,440.0		7,564,075.0		7,885,491.0		8,222,983.0
19046	Forestry Department		911,881.0		1,078,318.0		1,078,318.0		1,098,001.0		1,125,636.0		1,115,167.0		1,120,381.0
19047	National Land Agency		730,293.0		766,552.0		766,552.0		798,878.0		820,482.0		843,717.0		867,756.0
19048	National Environment and Planning Agency		1,031,573.0		1,063,382.0		1,073,382.0		1,127,034.0		1,154,619.0		1,185,046.0		1,216,934.0
19050	National Works Agency		724,005.0		746,573.0		746,573.0		802,848.0		822,323.0		842,285.0		862,746.0
	Total Ministry of Economic Growth and Job Creation and Departments		11,676,560.0		10,918,630.0		13,841,258.0		11,464,201.0		11,487,135.0		11,871,706.0		12,290,800.0
20000	Ministry of Finance and the Public Service		61,166,899.0		62,262,861.0		62,055,725.0		62,923,272.0		33,831,528.0		40,660,853.0		48,482,577.0
20011	Accountant General’s Department		714,200.0		863,877.0		811,977.0		1,489,614.0		942,504.0		982,104.0		1,023,885.0
20017	Public Debt Servicing (Amortisation)		—		138,321,395.0		178,526,446.0		155,189,700.0		142,083,676.0		138,982,729.0		115,634,917.0

16

	2020-2021 Jamaica Budget
	Estimates of Expenditure (Net of Appropriations-in-Aid)	Recurrent
	$’000

Head No. and Title		Actual (Provisional) Expenditure 2018-2019		Approved Estimates 2019-2020		Revised Estimates 2019-2020		Estimates 2020-2021		Projected Estimates 2021-2022		Projected Estimates 2022-2023		Projected Estimates 2023-2024
20018	Public Debt Servicing (Interest Payments)		136,204,745.0		136,125,364.0		139,131,084.0		132,654,211.0		128,011,321.0		121,982,469.0		124,247,233.0
20019	Pensions		36,721,838.0		38,012,825.0		35,364,495.0		38,587,849.0		39,045,161.0		42,656,844.0		44,690,025.0
20056	Tax Administration Jamaica		10,349,395.0		10,054,843.0		11,512,451.0		12,806,214.0		13,205,568.0		13,650,651.0		14,115,290.0
	Total Ministry of Finance and the Public Service and Departments		245,157,077.0		385,641,165.0		427,402,178.0		403,650,860.0		357,119,758.0		358,915,650.0		348,193,927.0
26000	Ministry of National Security		23,539,443.0		24,607,058.0		27,078,107.0		26,847,250.0		26,926,443.0		27,748,847.0		28,604,567.0
26022	Police Department		39,049,570.0		39,423,260.0		40,953,519.0		41,502,749.0		41,377,056.0		42,398,605.0		43,433,320.0
26024	Department of Correctional Services		7,389,948.0		7,611,526.0		8,076,526.0		8,477,865.0		8,151,352.0		8,361,926.0		8,573,882.0
26053	Passport, Immigration and Citizenship Agency		44,280.0		28,811.0		28,811.0		331,001.0		333,171.0		335,493.0		336,380.0
26057	Institute of Forensic Science and Legal Medicine		799,483.0		811,315.0		811,315.0		847,489.0		876,684.0		910,886.0		945,048.0
	Total Ministry of National Security and Departments		70,822,724.0		72,481,970.0		76,948,278.0		78,006,354.0		77,664,706.0		79,755,757.0		81,893,197.0
28000	Ministry of Justice		1,843,719.0		2,061,385.0		1,994,675.0		2,190,109.0		2,274,692.0		2,352,308.0		2,376,395.0
28023	Court of Appeal		301,726.0		—		—		—		—		—		—
28025	Director of Public Prosecutions		444,249.0		517,942.0		481,126.0		536,152.0		548,229.0		560,828.0		572,139.0
28026	Family Courts		258,395.0		—		—		—		—		—		—
28027	Resident Magistrates’ Courts		1,633,315.0		—		—		—		—		—		—
28028	Revenue Court		4,021.0		—		—		—		—		—		—
28029	Supreme Court		1,428,670.0		—		—		—		—		—		—
28030	Administrator General		285,118.0		317,177.0		317,177.0		333,389.0		341,308.0		349,425.0		357,745.0
28031	Attorney General’s Chambers		1,077,655.0		1,031,846.0		1,025,846.0		1,173,197.0		1,215,529.0		1,265,558.0		1,318,127.0
28033	Office of the Parliamentary Counsel		134,526.0		173,892.0		135,217.0		183,020.0		187,945.0		190,518.0		196,276.0
28052	Legal Reform Department		88,777.0		96,405.0		88,841.0		101,178.0		103,751.0		106,677.0		109,250.0
28054	Court Management Services		410,341.0		—		—		—		—		—		—
28058	Judiciary		—		4,348,842.0		4,362,406.0		4,614,163.0		4,742,679.0		4,813,809.0		4,913,510.0
	Total Ministry of Justice and Departments		7,910,512.0		8,547,489.0		8,405,288.0		9,131,208.0		9,414,133.0		9,639,123.0		9,843,442.0
30000	Ministry of Foreign Affairs and Foreign Trade		4,652,041.0		4,811,749.0		4,996,749.0		4,956,044.0		5,061,649.0		5,184,518.0		5,312,020.0
40000	Ministry of Labour and Social Security		3,406,163.0		2,770,863.0		2,997,379.0		5,085,367.0		5,263,168.0		5,444,633.0		5,608,458.0
41000	Ministry of Education, Youth and Information		102,716,721.0		106,576,996.0		109,465,808.0		114,149,509.0		114,616,605.0		116,293,497.0		117,841,392.0

17

	2020-2021 Jamaica Budget
	Estimates of Expenditure (Net of Appropriations-in-Aid)	Recurrent
	$’000

Head No. and Title		Actual (Provisional) Expenditure 2018-2019		Approved Estimates 2019-2020		Revised Estimates 2019-2020		Estimates 2020-2021		Projected Estimates 2021-2022		Projected Estimates 2022-2023		Projected Estimates 2023-2024
41051	Child Protection and Family Services Agency		2,583,661.0		2,716,424.0		2,763,338.0		2,923,487.0		3,009,579.0		3,109,986.0		3,214,957.0
	Total Ministry of Education, Youth and Information and Departments		105,300,382.0		109,293,420.0		112,229,146.0		117,072,996.0		117,626,184.0		119,403,483.0		121,056,349.0
42000	Ministry of Health and Wellness		66,689,676.0		67,845,615.0		68,345,615.0		72,166,061.0		74,204,699.0		76,299,700.0		78,704,219.0
42034	Bellevue Hospital		1,695,436.0		1,727,702.0		1,866,613.0		1,905,496.0		1,930,684.0		1,955,465.0		2,005,935.0
42035	Government Chemist		55,606.0		64,205.0		64,205.0		68,700.0		75,406.0		77,563.0		79,620.0
	Total Ministry of Health and Wellness and Departments		68,440,718.0		69,637,522.0		70,276,433.0		74,140,257.0		76,210,789.0		78,332,728.0		80,789,774.0
46000	Ministry of Culture, Gender, Entertainment and Sport		3,744,463.0		4,119,479.0		4,245,039.0		4,568,375.0		4,624,141.0		4,768,985.0		4,920,032.0
50000	Ministry of Industry, Commerce, Agriculture and Fisheries		9,432,135.0		9,597,784.0		10,277,954.0		10,661,824.0		10,942,949.0		11,156,426.0		11,487,559.0
50038	Companies Office of Jamaica		14,019.0		14,019.0		14,019.0		—		—		—		—
	Total Ministry of Industry, Commerce, Agriculture and Fisheries and Departments		9,446,154.0		9,611,803.0		10,291,973.0		10,661,824.0		10,942,949.0		11,156,426.0		11,487,559.0
56000	Ministry of Science, Energy and Technology		3,504,341.0		5,189,022.0		4,415,085.0		4,958,193.0		4,275,300.0		4,439,642.0		4,576,834.0
56039	Post and Telecommunications Department		1,955,013.0		2,188,804.0		2,051,525.0		2,315,474.0		2,391,248.0		2,444,641.0		2,504,239.0
	Total Ministry of Science, Energy and Technology and Departments		5,459,354.0		7,377,826.0		6,466,610.0		7,273,667.0		6,666,548.0		6,884,283.0		7,081,073.0
68000	Ministry of Transport and Mining		10,146,317.0		10,289,469.0		12,194,816.0		11,018,619.0		11,449,336.0		11,967,827.0		12,511,782.0
72000	Ministry of Local Government and Community Development		11,996,762.0		11,678,973.0		13,401,673.0		13,474,782.0		12,688,442.0		12,844,474.0		13,006,405.0
	Total Recurrent		582,518,115.0		731,129,949.0		787,793,011.0		779,265,060.0		733,388,921.0		744,378,400.0		743,313,127.0

18

	2020-2021 Jamaica Budget
	Estimates of Expenditure (Net of Appropriations-in-Aid)	Capital
	$’000

Head No. and Title		Actual (Provisional) Expenditure 2018-2019		Approved Estimates 2019-2020		Revised Estimates 2019-2020		Estimates 2020-2021		Projected Estimates 2021-2022		Projected Estimates 2022-2023		Projected Estimates 2023-2024
15000	Office of the Prime Minister		3,053,478.0		6,340,325.0		4,114,058.0		6,566,215.0		4,152,010.0		3,583,652.0		2,702,190.0
16000	Office of the Cabinet		738,466.0		578,002.0		691,390.0		19,575.0		—		—		—
17000	Ministry of Tourism		—		—		—		—		—		—		—
19000	Ministry of Economic Growth and Job Creation		30,480,964.0		18,424,497.0		23,912,756.0		22,355,858.0		35,118,698.0		20,908,974.0		13,301,875.0
20000	Ministry of Finance and the Public Service		7,969,367.0		5,705,678.0		2,821,843.0		7,927,818.0		9,374,140.0		34,755,968.0		66,676,913.0
20018	Public Debt Servicing (Interest Payments)		149,467,504.0		—		—		—		—		—		—
	Total Ministry of Finance and the Public Service and Departments		157,436,871.0		5,705,678.0		2,821,843.0		7,927,818.0		9,374,140.0		34,755,968.0		66,676,913.0
26000	Ministry of National Security		12,664,446.0		20,229,749.0		19,556,576.0		15,953,840.0		13,275,091.0		12,163,615.0		3,950,000.0
28000	Ministry of Justice		1,717,629.0		1,700,151.0		960,419.0		941,500.0		—		—		—
40000	Ministry of Labour and Social Security		7,648,564.0		8,347,410.0		8,146,307.0		8,596,012.0		—		—		—
41000	Ministry of Education, Youth and Information		1,696,103.0		1,251,483.0		1,216,223.0		1,480,478.0		1,750,000.0		1,030,000.0		—
42000	Ministry of Health and Wellness		1,798,908.0		3,747,200.0		5,154,497.0		3,903,604.0		8,854,525.0		7,907,602.0		3,767,094.0
46000	Ministry of Culture, Gender, Entertainment and Sport		20,725.0		25,000.0		25,457.0		25,184.0		—		—		—
50000	Ministry of Industry, Commerce, Agriculture and Fisheries		2,012,145.0		2,761,081.0		2,279,340.0		3,519,016.0		5,099,136.0		3,831,523.0		1,053,546.0
56000	Ministry of Science, Energy and Technology		83,278.0		1,332,166.0		358,776.0		696,804.0		1,192,856.0		1,167,666.0		1,250,000.0
68000	Ministry of Transport and Mining		771.0		500.0		500.0		—		—		—		—
72000	Ministry of Local Government and Community Development		692,678.0		1,667,378.0		2,040,478.0		2,217,356.0		750,000.0		—		—
	Total Capital		220,045,026.0		72,110,620.0		71,278,620.0		74,203,260.0		79,566,456.0		85,349,000.0		92,701,618.0
	Grand Total Recurrent and Capital		802,563,141.0		803,240,569.0		859,071,631.0		853,468,320.0		812,955,377.0		829,727,400.0		836,014,745.0

19

	2020-2021 Jamaica Budget
	Statutory Provisions And Provisions to be Voted	Recurrent
	$’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		314,149.0		97,675.0		2,050.0		95,625.0		409,774.0
02000	Houses of Parliament		16,931.0		1,156,338.0		—		1,156,338.0		1,173,269.0
03000	Office of the Public Defender		14,175.0		116,921.0		—		116,921.0		131,096.0
05000	Auditor General		9,275.0		1,019,489.0		5,000.0		1,014,489.0		1,023,764.0
06000	Office of the Services Commissions		10,123.0		343,049.0		—		343,049.0		353,172.0
07000	Office of the Children’s Advocate		12,936.0		194,298.0		—		194,298.0		207,234.0
08000	Independent Commission of Investigations		12,975.0		648,740.0		161,000.0		487,740.0		500,715.0
09000	Integrity Commission		30,000.0		736,749.0		—		736,749.0		766,749.0
15000	Office of the Prime Minister		—		9,825,247.0		60,000.0		9,765,247.0		9,765,247.0
15010	Jamaica Information Service		—		851,490.0		107,463.0		744,027.0		744,027.0
15020	Registrar General’s Department and Island Records		—		1,186,521.0		797,918.0		388,603.0		388,603
	Total Office of the Prime Minister and Departments		—		11,863,258.0		965,381.0		10,897,877.0		10,897,877.0
16000	Office of the Cabinet		—		521,861.0		—		521,861.0		521,861.0
16049	Management Institute for National Development		—		525,676.0		264,000.0		261,676.0		261,676.0
	Total Office of the Cabinet and Departments		—		1,047,537.0		264,000.0		783,537.0		783,537.0
17000	Ministry of Tourism		—		12,604,991.0		91,672.0		12,513,319.0		12,513,319.0
19000	Ministry of Economic Growth and Job Creation		—		8,020,982.0		383,542.0		7,637,440.0		7,637,440.0
19046	Forestry Department		—		1,105,401.0		7,400.0		1,098,001.0		1,098,001.0
19047	National Land Agency		—		3,271,209.0		2,472,331.0		798,878.0		798,878.0
19048	National Environment and Planning Agency		—		1,259,052.0		132,018.0		1,127,034.0		1,127,034.0
19050	National Works Agency		—		2,461,091.0		1,658,243.0		802,848.0		802,848.0
	Total Ministry of Economic Growth and Job Creation and Departments		—		16,117,735.0		4,653,534.0		11,464,201.0		11,464,201.0
20000	Ministry of Finance and the Public Service		—		62,948,891.0		25,619.0		62,923,272.0		62,923,272.0
20011	Accountant General’s Department		—		1,489,614.0		—		1,489,614.0		1,489,614.0
20012	Jamaica Customs Agency		—		10,782,803.0		10,782,803.0		—		0.0

20

	2020-2021 Jamaica Budget
	Statutory Provisions And Provisions to be Voted	Recurrent
	$’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)
20017	Public Debt Servicing (Amortisation)		155,189,700.0		—		—		—		155,189,700.0
20018	Public Debt Servicing (Interest Payments)		132,654,211.0		—		—		—		132,654,211.0
20019	Pensions		26,872,249.0		11,715,600.0		—		11,715,600.0		38,587,849.0
20056	Tax Administration Jamaica		—		12,806,214.0		—		12,806,214.0		12,806,214.0
	Total Ministry of Finance and the Public Service and Departments		314,716,160.0		99,743,122.0		10,808,422.0		88,9394,700.0		403,650,860.0
26000	Ministry of National Security		—		27,439,345.0		592,095.0		26,847,250.0		26,847,250.0
26022	Police Department		—		41,952,749.0		450,000.0		41,502,749.0		41,502,749.0
26024	Department of Correctional Services		—		8,477,865.0		—		8,477,865.0		8,477,865.0
26053	Passport, Immigration and Citizenship Agency		—		3,322,722.0		2,991,721.0		331,001.0		331,001.0
26057	Institute of Forensic Science and Legal Medicine		—		847,489.0		—		847,489.0		847,489.0
	Total Ministry of National Security and Departments		—		82,040,170.0		4,033,816.0		78,006,354.0		78,006,354.0
28000	Ministry of Justice		—		2,328,797.0		138,688.0		2,190,109.0		2,190,109.0
28025	Director of Public Prosecutions		10,100.0		526,052.0		—		526,052.0		536,152.0
28030	Administrator General		—		596,389.0		263,000.0		333,389.0		333,389.0
28031	Attorney General’s Chambers		—		1,173,197.0		—		1,173,197.0		1,173,197.0
28033	Office of the Parliamentary Counsel		—		183,020.0		—		183,020.0		183,020.0
28052	Legal Reform Department		—		101,178.0		—		101,178.0		101,178.0
28058	Judiciary		785,962.0		3,828,201.0		—		3,828,201.0		4,614,163.0
	Total Ministry of Justice and Departments		796,062.0		8,736,834.0		401,688.0		8,335,146.0		9,131,208.0
30000	Ministry of Foreign Affairs and Foreign Trade		—		5,108,919.0		152,875.0		4,956,044.0		4,956,044.0
40000	Ministry of Labour and Social Security		—		5,085,367.0		—		5,085,367.0		5,085,367.0
41000	Ministry of Education, Youth and Information		—		115,039,509.0		890,000.0		114,149,509.0		114,149,509.0
41051	Child Protection and Family Services Agency		—		2,924,495.0		1,008.0		2,923,487.0		2,923,487.0
	Total Ministry of Education, Youth and Information and Departments		—		117,964,004.0		891,008.0		117,072,996.0		117,072,996.0
42000	Ministry of Health and Wellness		—		72,910,061.0		744,000.0		72,166,061.0		72,166,061.0
42034	Bellevue Hospital		—		1,905,496.0		—		1,905,496.0		1,905,496.0

21

	2020-2021 Jamaica Budget
	Statutory Provisions And Provisions to be Voted	Recurrent
	$’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)
42035	Government Chemist		—		68,700.0		—		68,700.0		68,700.0
	Total Ministry of Health and Wellness and Departments		—		74,884,257.0		744,000.0		74,140,257.0		74,140,257.0
46000	Ministry of Culture, Gender, Entertainment and		—		4,901,265.0		332,890.0		4,568,375.0		4,568,375.0
50000	Ministry of Industry, Commerce, Agriculture and		—		12,097,575.0		1,435,751.0		10,661,824.0		10,661,824.0
50038	Companies Office of Jamaica		—		568,262.0		568,262.0		—		0.0
	Total Ministry of Industry, Commerce, Agriculture and Fisheries and Departments		—		12,665,837.0		2,004,013.0		10,661,824.0		10,661,824.0
56000	Ministry of Science, Energy and Technology		—		5,794,602.0		836,409.0		4,958,193.0		4,958,193.0
56039	Post and Telecommunications Department		—		3,039,937.0		724,463.0		2,315,474.0		2,315,474.0
	Total Ministry of Science, Energy and Technology and Departments		—		8,834,539.0		1,560,872.0		7,273,667.0		7,273,667.0
68000	Ministry of Transport and Mining		—		11,673,099.0		654,480.0		11,018,619.0		11,018,619.0
72000	Ministry of Local Government and Community		—		16,512,156.0		3,037,374.0		13,474,782.0		13,474,782.0
	Total Recurrent		315,932,786.0		494,096,349.0		30,764,075.0		463,332,274.0		779,265,060.0

22

	2020-2021 Jamaica Budget
	Statutory Provisions And Provisions to be Voted	Capital
	$’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)
15000	Office of the Prime Minister		—		6,616,215.0		50,000.0		6,566,215.0		6,566,215.0
16000	Office of the Cabinet		—		91,258.0		—		91,258.0		91,258.0
19000	Ministry of Economic Growth and Job Creation		—		22,355,858.0		—		22,355,858.0		22,355,858.0
20000	Ministry of Finance and the Public Service		—		7,856,135.0		—		7,856,135.0		7,856,135.0
26000	Ministry of National Security		—		15,953,840.0		—		15,953,840.0		15,953,840.0
28000	Ministry of Justice		—		941,500.0		—		941,500.0		941,500.0
40000	Ministry of Labour and Social Security		—		8,596,012.0		—		8,596,012.0		8,596,012.0
41000	Ministry of Education, Youth and Information		—		1,480,478.0		—		1,480,478.0		1,480,478.0
42000	Ministry of Health and Wellness		—		3,903,604.0		—		3,903,604.0		3,903,604.0
46000	Ministry of Culture, Gender, Entertainment and		—		25,184.0		—		25,184.0		25,184.0
50000	Ministry of Industry, Commerce, Agriculture and		—		3,519,016.0		—		3,519,016.0		3,519,016.0
56000	Ministry of Science, Energy and Technology		—		696,804.0		—		696,804.0		696,804.0
72000	Ministry of Local Government and Community		—		2,217,356.0		—		2,217,356.0		2,217,356.0
	Total Capital		—		74,253,260.0		50,000.0		74,203,260.0		74,203,260.0
	Grand Total Recurrent and Capital		315,932,786.0		568,349,609.0		30,814,075.0		537,535,534.0		853,468,320.0

23

GOVERNMENT OF JAMAICA

CONSOLIDATED FINANCIAL STATEMENTS

Statement I - Receipts and Payments of the Consolidated Fund

Year Ended March 31, 2020

(Expressed in Jamaican dollars unless otherwise specified)

RECEIPTS
RECURRENT REVENUE	Notes		2020 J$ 000		2019 J$‘000
Taxation Revenue				580,157,680		538,094,691
Non-Tax Revenue				72,109,646		72,914,644
				652,267,326		611,009,335
CAPITAL REVENUE
Loans				856,875		29,919,433
Capital Transfers				0		273,044
Extraordinary Receipts (incl. Grants)				4,406,561		7,996,436
Other Grants: Petrocaribe Development Fund				88,474,228		0
Other Grants				507,010		0
				94,244,674		38,188,913
DOMESTIC LOANS
Benchmark Notes				53,613,997		56,005,172
EXTERNAL LOANS
Multilateral				26,459,282		21,694,513
Bilateral				5,746,647		18,027,119
Capital Markets				20,508,349		0
				52,714,278		39,721,632
OTHER RECEIPTS
Unrealized foreign exchange gains				5,028,499		1,127,467
Treasury Bill Issued				21,471,574		20,547,994
Surrender Balance				10,810,709		10,011,370
Other				2,627		0
Cash Balance as at April 1		1.1		70,087,771		70,607,688
				107,401,180		102,294,519
Total				960,241,455		847,219,571

24

Statement I – Receipts and Payments of the Consolidated Fund (Cont’d)

	Notes		2020 $’000		2019 J$’000
RECURRENT EXPENDITURE
Statutory Expenditure				157,465,085		158,060,379
Voted Expenditure				442,888,335		417,644,433
				600,353,420		575,704,812
CAPITAL EXPENDITURE
Statutory Expenditure				148,532,300		114,400,000
Voted Expenditure				70,677,178		68,547,828
				219,209,478		182,947,828
OTHER PAYMENTS
Treasury Bills Redeemed				20,909,582		18,479,160
Other Payments				8,111,710		0
Refund from the Central Payment Account				496,357		0
Cash Balance as at March 31		1.2		111,160,908		70,087,771
				140,671,376		88,566,931
Total				960,241,455		847,219,571

Anya Jones, FCCA

Accountant General

25

GOVERNMENT OF JAMAICA

CONSOLIDATED FINANCIAL STATEMENTS

Statement II - Statement of Financing

Year Ended March 31, 2020

(Expressed in Jamaican dollars unless otherwise specified)

			2020			2019
	Notes		$‘000			$‘000
RECURRENT ACCOUNT
Recurrent Revenue				652,267,326			611,009,335
Recurrent Expenditure				(600,353,420	)		(575,704,812	)
				51,913,906			35,304,523
Miscellaneous Charges				(8,109,082	)		0
Balances Surrendered				10,810,709			10,011,370
Surplus				54,615,533			45,315,893
CAPITAL ACCOUNT
Capital Revenue				94,244,674			37,915,869
Capital Transfers				0			273,044
Capital Expenditure				(219,209,478	)		(182,947,828	)
Deficit				(124,964,804	)		(144,758,915	)
Net ( Deficit)				(70,349,271	)		(99,443,022	)
Net Treasury Bills Issued				561,991			2,068,834
Financing Requirement				(69,787,280	)		(97,374,188	)
Financing
Domestic Notes				53,613,997			56,005,172
External Borrowing				52,714,278			39,721,632
				106,328,275			95,726,804
Net Surplus/(Deficit)		2		35,540,995			(1,647,384	)
Financed From:
Opening Cash Balance at April 1				70,087,771			70,607,688
Refund from the Central Payment Account				(496,357	)		0
Unrealized foreign exchange gains				5,028,499			1,127,467
Closing Cash Balance at March 31				111,160,908			70,087,771

26

GOVERNMENT OF JAMAICA

CONSOLIDATED FINANCIAL STATEMENTS

Statement III - Revenue Estimates Compared with Consolidated Fund Receipts

Year Ended March 31, 2020

(Expressed in Jamaican dollars unless otherwise specified)

			Estimates		Receipt		Estimates		Receipt
			2020		2020		2019		2019
	Notes		$‘000		$‘000		$‘000		$‘000
Taxation Revenue:
Customs				44,681,246		45,263,673		38,729,464		42,590,829
Income Tax				158,263,713		162,142,656		138,206,456		153,464,707
Stamp Duties				7,105,745		8,870,541		15,684,123		15,516,646
Motor Vehicle Licences				4,449,579		4,810,753		3,901,952		4,140,912
Other Licences				197,328		39,109		534,886		62,632
Travel Tax				21,785,865		21,850,019		18,598,933		20,119,626
Betting, Gaming Lotteries				5,794,427		6,807,900		3,003,013		5,427,449
Education Tax				31,871,427		32988,086		27,146,149		30,008,358
Contractors Levy				2,759,591		2,186,809		2,047,086		2,233,203
General Consumption Tax				199,266,689		202,206,859		177,058,274		179,496,582
Special Consumption Tax				79,660,799		80,227,843		81,300,487		72,146,420
Environmental Levy				4,292,080		4,097,249		3,844,233		3,877,405
Telephone Call Tax				2,120,336		3,677,295		3,231,659		2,853,414
Guest Accommodation Room Tax				2,930,778		2,968,722		2,770,957		2,457,067
Minimum Business Tax				0		294,038		942,490		982,456
Quarry Tax				63,611		83,998		61,133		65,935
Import Licences-Trade Board				329,688		351,476		133,640		1,549,694
Telecommunication Licences				305,407		1,282,699		1,240,342		1,095,388
Hotel Licence Duty				0		7,955		0		5,968
Total Taxation Revenue		3.1		565,878,309		580,157,680		518,435,277		538,094,691
Non-Tax Revenue		3.2		59,608,512		72,109,646		60,880,365		72,914,644
TOTAL RECURRENT REVENUE				625,486,821		652,267,326		579,315,642		611,009,335

27

Statement III - Revenue Estimates Compared with Consolidated Fund Receipts (Cont’d)

	Notes		Estimates 2020 $‘000		Receipt 2020 $‘000		Estimates 2019 $‘000		Receipt 2019 $‘000
Capital Revenue
Land Sales				36,323		0		36,323		0
Loan Repayments				3,083,500		856,875		2,051,778		29,919,433
Grants				5,635,485		4,913,571		23,648,812		7,996,436
Other Grants-Petrocaribe Development Fund				18,552,944		88,474,228		0		0
Total Capital Revenue		3.3		27,308,252		94,244,674		25,736,913		37,915,869
Capital Transfers				130,900		0		126,000		273,044
Total Capital and Recurrent Revenue				652,925,973		746,512,000		605,178,555		649,198,248
LOAN RECEIPTS
External Loans:
Multilateral1				46,254,300		26,459,282		25,126,688		21,694,513
Bilateral2				0		5,746,647		0		18,027,119
Capital Markets				0		20,508,349		0		0
Total External Loan Receipts		3.4		46,254,300		52,714,278		25,126,688		39,721,632
Domestic Loans:
Local Commercial Banking Sector:
Benchmark Notes				34,882,100		53,613,997		57,071,600		56,005,172
Treasury Bills				21,600,000		21,471,574		21,000,000		20,547,994
Total Domestic Loans		3.5		56,482,100		75,085,571		78,071,600		76,553,166
Total Loan Receipts				102,736,400		127,799,849		103,198,288		116,274,798
Surrendered Balances		3.6		0		10,810,709		0		10,011,370
Credit Interest				0		183		0		0
TOTAL REVENUE		3		755,662,373		885,122,741		708,376,843		775,484,416

¹  Loan receipts classifications for multilateral and bilateral loans were based on the Revenue Estimates for the respective financial years

²  Loan receipts classifications for multilateral and bilateral loans were based on the Revenue Estimates for the respective financial years

28

GOVERNMENT OF JAMAICA

CONSOLIDATED FINANCIAL STATEMENTS

Statement IV - Statement of Expenditure Compared with Issues from the Consolidated Fund

Year Ended March 31, 2020

(Expressed in Jamaican dollars unless otherwise specified)

	Notes		Estimates 2020 $‘000		Issues 2020 $‘000		Estimates 2019 $‘000		Issues 2019 $‘000
RECURRENT EXPENDITURE
Statutory Recurrent Expenditure
Public Debt Charges				139,131,084		131,621,568		136,204,745		129,843,000
Other Statutory Expenditure				25,938,329		25,843,517		28,239,728		28,217,379
Total Statutory Recurrent		4.1		165,069,413		157,465,085		164,444,473		158,060,379
Voted Expenditure
His Excellency the Governor General & Staff				74,137		74,137		81,243		81,243
Houses of Parliament				1,088,467		1,057,911		1,059,206		1,012,780
Office of the Public Defender				129,591		126,191		116,667		105,806
Office of the Contractor General				0		0		0		0
Auditor General				896,075		827,793		741,493		733,124
Office of the Services Commissions				281,791		279,963		288,966		256,363
Office of the Children’s Advocate				188,395		179,632		176,769		169,444
Independent Comm. Of Investigations				465,652		456,812		411,071		392,698
Integrity Commission				573,770		573,770		450,865		433,767
Office Of The Prime Minister				7,739,017		7,634,171		8,650,400		8,650,400
Office of The Cabinet				703,738		701,181		605,738		605,738
Ministry of Tourism				11,525,361		11,525,361		11,435,721		11,435,721
Ministry of Economic Growth & Job Creation				13,841,258		13,822,745		11,676,560		11,674,434
Ministry of Finance & the Public Service				84,978,204		84,317,424		81,746,866		81,746,866
Ministry of National Security				76,948,278		76,948,278		70,822,724		70,822,724
Ministry of Justice				7,663,600		7,639,584		7,216,999		7,080,934
Ministry of Foreign Affairs & Foreign Trade				4,996,749		4,996,749		4,652,041		4,652,041

29

Statement IV - Statement of Expenditure Compared with Issues from the Consolidated Fund (Cont’d)

			Estimates 2020		Issues 2020		Estimates 2019		Issues 2019
	Notes		$‘000		$‘000		$‘000		$‘000
Ministry of Labour And Social Security				2,997,379		2,895,435		3,406,163		3,406,163
Ministry of Education, Youth & Information				112,229,146		112,202,348		105,300,382		105,247,638
Ministry of Health				70,276,433		70,253,445		68,440,718		68,440,718
Ministry of Culture, Gender, Entertainment & Sport				4,245,039		4,104,988		3,744,463		3,696,999
Ministry of Industry, Comm., Agriculture & Fisheries				10,291,973		10,291,973		9,446,154		9,446,154
Ministry of Science, Energy & Technology				4,415,085		4,415,085		3,504,341		3,497,621
Post & Telecom				2,051,525		2,051,525		1,955,013		1,911,978
Ministry of Transport and Mining				12,194,816		12,194,816		10,146,317		10,146,317
Ministry of Local Govt & Community Development				13,401,673		13,317,018		11,996,762		11,996,762
Total Voted Recurrent		4.2		444,197,152		442,888,335		418,073,642		417,644,433
Total Recurrent				609,266,565		600,353,420		582,518,115		575,704,812
Capital Expenditure
Statutory Expenditure (Amortization)				157,669,685		148,532,300		132,462,836		114,400,000
Total Statutory		4.3		157,669,685		148,532,300		132,462,836		114,400,000
Voted Capital Expenditure
Office Of The Prime Minister				4,114,058		4,072,951		3,053,478		2,786,222
Office Of The Cabinet				691,390		677,073		738,466		555,643
Ministry of Economic Growth & Job Creation				23,912,756		23,804,441		30,480,964		30,296,926
Ministry of Finance & the Public Service				2,821,843		2,724,146		7,969,367		7,850,631
Ministry of National Security				19,556,576		19,556,576		12,664,446		12,483,099
Ministry of Justice				960,419		901,800		1,717,629		1,445,466
Ministry of Labour & Social Security				8,146,307		8,146,307		7,648,564		7,227,242
Ministry of Education, Youth & Information				1,216,223		1,133,852		1,696,103		1,502,586
Ministry of Health				5,154,497		5,115,120		1,798,908		1,719,732
Ministry of Culture, Gender, Entertainment & Sport				25,457		0		20,725		5,965
Ministry of Industry, Comm., Agriculture & Fisheries				2,279,340		2,251,335		2,012,145		1,990,588

30

Statement IV - Statement of Expenditure Compared with Issues from the Consolidated Fund (Cont’d)

			Estimates 2020		Issues 2020		Estimates 2019		Issues 2019
	Notes		$‘000		$‘000		$‘000		$‘000
Ministry of Science & Technology				358,776		314,030		83,278		68,278
Ministry of Transport & Mining				500		221		771		332
Ministry of Local Govt & Community Development				2,040,478		1,979,326		692,678		615,118
Total Voted		4.4		71,278,620		70,677,178		70,577,522		68,547,828
Total Capital				228,948,305		219,209,478		203,040,358		182,947,828
Total Recurrent and Capital				838,214,870		819,562,898		785,558,473		758,652,640
Treasury Bills Redeemed		4.5		20,856,761		20,909,582		17,004,668		18,479,160
Total Issues from the Consolidated Fund				859,071,631		840,472,480		802,563,141		777,131,800

31

GOVERNMENT OF JAMAICA

CONSOLIDATED FINANCIAL STATEMENTS

Statement V - Statement of Consolidated Fund Balances

Year Ended March 31, 2020

(Expressed in Jamaican dollars unless otherwise specified)

		Notes		2020 $’000			2020 $’000			2019 $’000			2019 $’000
GENERAL REVENUE BALANCES
A.	RECURRENT REVENUE
	Recurrent Revenue				652,267,326						611,009,335
	Recurrent Expenditure				(600,353,420	)					(575,704,812	)
	Net Recurrent Revenue							51,913,906						35,304,523
B.	CAPITAL REVENUE
	Capital Revenue				94,244,674						37,915,869
	Capital Transfers				0						273,044
					94,244,674						38,188,913
C.	LOAN FUND BALANCES
	(i) Long Term Loans:
	(a) External Loans Raised				52,714,278						39,721,632
	(b) Internal Loans Raised				53,613,997						56,005,172
					106,328,275						95,726,804
Capital Revenue & Loan Fund Balances (B+C)					200,572,949						133,915,717
	Capital Expenditure				(219,209,478	)					(182,947,828	)
	Deficit on Capital Transactions & Loan Receipt							(18,636,529	)					(49,032,111	)
	Total Deficit Capital + Recurrent							33,277,377						(13,727,588	)
	Add:
	(i) Net Treasury Bills Issued				561,991						2,068,834
	(ii) Opening Cash Balance				70,087,771						70,607,688
	(iii) Other payments				(8,111,710	)					0
	(iv) Other receipts				2,628						0
	(v) Unrealized foreign exchange gains				5,028,499						1,127,467
	(vii) Refund from the Central Payment Account				(496,357	)					0
	(viii) Surrendered Balances				10,810,709						10,011,370
								77,883,531						83,815,359
Cash Balance in Consolidated Fund								111,160,908						70,087,771
Adjusted Cash Balance March 31, 2020			5					111,160,908						70,087,771

32

GOVERNMENT OF JAMAICA

CONSOLIDATED FINANCIAL STATEMENTS

Statement VI - Statement of Transfers from the Capital Development Fund

Year Ended March 31, 2020

(Expressed in Jamaican dollars unless otherwise specified)

	Notes		$‘000		$‘000
Bauxite Production Levy Received				64,138,018
Less: Refund/Remissions				630,614
Net Receipts						63,507,404
Add: Retained Earnings						2,827,893
						66,335,297
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		0
		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
		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

33

Statement VI - Statement of Transfers from the Capital Development Fund (Cont’d)

	Notes			$‘000		$‘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
			2017/2018		0
			2018/2019		0
			2019/2020		0
Total Transfers					53,606,653
(b) Grants					10,454,040
(c) Net Levy Written off					153,315
							64,214,008
Value of Fund at 31st March, 2020		6					2,121,289

Source: Development Bank of Jamaica

34

GOVERNMENT OF JAMAICA

CONSOLIDATED FINANCIAL STATEMENTS

Statement VII - Contingencies Fund

Year Ended March 31, 2020

(Expressed in Jamaican dollars unless otherwise specified)

	Notes		2020 $‘000		2019 $‘000
Opening Balance				2,094,000		94,000
Increase in Contingencies Fund				2,410,189		2,000,000
Balance at Year End		7		4,504,189		2,094,000

35

GOVERNMENT OF JAMAICA

CONSOLIDATED FINANCIAL STATEMENTS

Statement VIII – Local (Internal) Debt

Year Ended March 31, 2020

(Expressed in Jamaican dollars unless otherwise specified)

Local Debt	Notes		2020 $‘000		2019 $‘000
I Perpetual Annuities				155		155
II Market Loans:
Treasury Bills				10,300,000		9,800,000
J$ Benchmark Investment Notes				700,239,685		697,558,537
CPI-Indexed Investment Notes				51,114,047		48,418,152
Total Market Loans				761,653,732		755,418,152
III Institutional Loans:
Development Bank of Jamaica				100,417		200,833
Total Institutional Loans				100,417		200,833
Total Local Debt		8.1		761,754,304		755,977,677

36

GOVERNMENT OF JAMAICA

CONSOLIDATED FINANCIAL STATEMENTS

Statement VIII –Foreign (External) Debt

Year Ended March 31, 2020

(Expressed in Jamaican dollars unless otherwise specified)

	Notes	2020 J$ Equivalent $‘000		2019 J$ Equivalent $‘000
EXTERNAL DEBT
I Currency Obligations to Commercial Enterprises:
Bond Holders			697,218,098		716,844,032
Commerz Bank			1,420,937		4,084,214
Bank of Nova scotia			0		395,208
Total Currency Obligations to Commercial Enterprises			698,639,035		721,323,454
II Foreign Government & Government Agencies
US AID			29,062		29,582
Federal Home Loan			0		0
US Department of Agriculture			1,470,136		2,268,007
China			78,198,193		77,396,778
Federal Republic of Germany			1,249,093		1,351,524
Japan			1,016,311		1,509,511
Netherlands Investment Bank			126,583		239,954
Iraqi Fund			0		1,860,324
Kingdom of Belgium			380,435		410,058
Kuwait			162,469		259,962
India			0		73,326
Venezuela			15,959,552		1,421,778
Total Foreign Government & Government Agencies			98,591,834		86,820,804
III International & Multilateral Institutions:
Inter -American Development Bank			207,799,029		196,943,407
Caribbean Development Bank			29,038,392		29,881,336
Int’l Bank for Reconstruction & Development			129,287,821		109,240,234

37

Statement VIII –Foreign (External) Debt (Cont’d)

	Notes		2020 J$ Equivalent $‘000		2019 J$ Equivalent $‘000
OPEC Fund for Int’l Development				1,985,562		2,230,232
European Economic Community Commission				3,937,314		3,222,226
European Investment Bank				34,958		44,012
NORDIC Development Fund				517,547		656,773
International Monetary Fund				15,163,493		22,427,267
Total International & Multilateral Institutions				387,764,116		364,645,487
Total Foreign Debt		8.2		1,184,994,985		1,172,789,745
Total Local Debt				761,754,304		755,977,677
TOTAL LOCAL & FOREIGN DEBT				1,946,749,289		1,928,767,422

38

Notes to the Consolidated Financial Statements

1 Statement of Receipts and Payments of the Consolidated Fund

This Statement is a summary of receipts and payments of the Consolidated Fund Account.

1.1 The Consolidated Fund—Opening

The Consolidated Fund accounts comprised of: Jamaica Consolidated Fund Bank Account, $11.208 billion; US$ Consolidated Fund Bank A/c (US$0.464 billion @ 126.7776) $58.879 billion; and Cheque in Transit (US$4,000 @ 126.7776) $0.507 million. A total of $70.088 billion as of April 1, 2019.

1.2 The Consolidated Fund—Closing

The Consolidated Fund accounts comprised of: Jamaica Consolidated Fund Bank Account $58.902 billion; US$ Consolidated Fund Bank A/c (US$233.166 million @ 136.07140) $31.727 billion; and Deposit in Transit ($20.532 billion). A total of $111.161 billion as of March 31, 2020.

2. Statement of Financing

This Statement details receipts and payments from the Consolidated Fund Account for the period and shows how the surplus was used or how the deficit was financed. There was a surplus of $35.541 billion for the year (deficit of $1.647 billion for 2019).

3. Statement of Revenue Estimates Compared with Consolidated Fund Receipts

This Statement shows the Revenue Estimates and Actual along with the comparative data for the prior year.

3.1 Tax Revenues Recurrent

These are revenues generated from taxes. Included in this statement are the amounts that were transferred to the Consolidated Fund by the Principal Receivers of Revenue (PRRs). All revenues generated by the PRRs are not required to be transferred to the Consolidated Fund.

3.2 Non-Tax Revenues Recurrent

Total receipts recorded for the year in the Consolidated Fund for this revenue category is $72.110 billion. The main revenue components include Miscellaneous Revenue, De-earmarked Receipts, Financial Distribution and Loan Interest. Dividends and other miscellaneous revenues from public bodies are also included.

3.3 Capital Revenue

This includes revenue raised through grants and loan repayments.

3.4 External Loans

These are receipts recorded in the Consolidated Fund Principal Bank Accounts for funds raised via capital markets and from multilateral and bilateral loans.

39

Notes to the Consolidated Financial Statements (Cont’d)

3.5 Domestic Loans

These receipts include benchmark notes and treasury bills received in the Consolidated Fund Principal Bank account. Benchmark notes of $53.614 billion include GOJ securities valued at $17.532 billion that was subsequently transferred to the Consolidated Fund Principal Bank Account.

3.6 Surrendered Balances

These receipts represent unexpended warrant cash balances from current or prior years returned to the Consolidated Fund Principal Bank account.

4 Statement of Expenditure Compared with Issues from the Consolidated Fund

This statement details issues from the Consolidated Fund Principal Bank Account. Total Issues from the Consolidated Fund for the year was $840.472 billion (2019: $777.131 billion) compared with total Estimates of $859.072 billion.

4.1 Recurrent Statutory Expenditure

Statutory Recurrent Expenditure details public debt charges and expenditure to certain statutory heads such as Pensions, the His Excellency Governor General and the Auditor General.

4.2 Recurrent Voted Expenditure

Voted Recurrent Expenditure are issues from the Consolidated Fund Principal Bank Account for all Ministries, Departments and Agencies displayed by Head.

4.3 Capital Statutory Expenditure (Amortisation)

An amount of $148.532 billion (2019: $114.400 billion) was used to pay down loan obligations.

4.4 Voted Capital Expenditure

An amount of $70.677 billion (2019: $68.548 billion) was issued for Voted capital expenditure.

4.5 Net Treasury Bills Issued

Treasury Bills redeemed for the reporting period were $20.909 billion whilst $21.472 billion were issued resulting in a net receipt to the Consolidated Fund of $0.562 billion.

5. Statement of Consolidated Fund Balances

This Statement summarises the receipts and payments as were recorded in the Consolidated Fund Principal Bank Account and how both relate to the opening and closing cash balances in the Consolidated Fund Principal Bank Account.

6. Capital Development Fund Transfers

The Capital Development Fund is funded by the Bauxite Levy from which transfers are made to the Consolidated Fund Principal Bank Account.

40

Notes to the Consolidated Financial Statements (Cont’d)

7. Contingencies Fund

The Contingencies Fund is established pursuant to Section 118 of the Constitution and further guided by Section 13 of the FAA Act. The balance was increased during the reporting period by $2.410 billion to now reflect a total sum of $4.504 billion.

8 Statement of Local (Internal) and Foreign (External) Debt

This statement details outstanding local and foreign debt for the year ended March 31, 2020.

41

NOTE 8.1

GOVERNMENT OF JAMAICA

STATEMENT VIII

STATEMENT OF OUTSTANDING PUBLIC DEBT (LOCAL)

AS AT MARCH 31, 2020

INTERNAL DEBT	CURRENCY		BALANCE OUTSTANDING		JA$ EQUIVALENT
I PERPETUAL ANNUITIES
PERPETUAL ANNUITIES		JAM		154,832.69		154,832.69
SUB-TOTAL PERPETUAL ANNUITIES		JAM		154,833.00		154,832.69
SUB-TOTAL CATEGORY I (PERPETUAL ANNUITIES)		JAM				154,832.69
II MARKET LOANS
(a) TREASURY BILLS
Treasury Bills Issue - 1.25% Due -Apr-2020		JAM		700,000,000.00		700,000,000.00
Treasury Bills Issue - 2.04% Due -April-2020		JAM		800,000,000.00		800,000,000.00
Treasury Bills Issue - 1.347% Due - May- 2020		JAM		700,000,000.00		700,000,000.00
Treasury Bills Issue - 1.58% Due -May-2020		JAM		700,000,000.00		700,000,000.00
Treasury Bills Issue - 2.01% Due -May-2020		JAM		800,000,000.00		800,000,000.00
Treasury Bills Issue - 1.85% Due -June - 2020		JAM		700,000,000.00		700,000,000.00
Treasury Bills Issue - 1.60% Due -June-2020		JAM		700,000,000.00		700,000,000.00
Treasury Bills Issue - 1.45% Due -July - 2020		JAM		700,000,000.00		700,000,000.00
Treasury Bills Issue - 1.81% Due -July-2020		JAM		800,000,000.00		800,000,000.00
Treasury Bills Issue - 1.39% Due -August- 2020		JAM		700,000,000.00		700,000,000.00
Treasury Bills Issue - 1.73% Due -August-2020		JAM		800,000,000.00		800,000,000.00
Treasury Bills Issue - 1.80% Due -September -2020		JAM		700,000,000.00		700,000,000.00
Treasury Bills Issue - 1.05% Due -October-2020		JAM		700,000,000.00		700,000,000.00
Treasury Bills Issue - 1.67% Due -November - 2020		JAM		800,000,000.00		800,000,000.00
SUB-TOTAL (a) Treasury Bills		JAM				10,300,000,000.00

42

INTERNAL DEBT	CURRENCY		BALANCE OUTSTANDING		JA$ EQUIVALENT
(h) Jamaica Dollar Benchmark Investment Notes
GOJ FIXED RATE 8.75% BENCHMARK INVESTMENT NOTES - Due 2022		JAM		4,000,000,000.00		4,000,000,000.00
GOJ FIXED RATE 12.875% BENCHMARK INVESTMENT NOTES - Due 2024		JAM		65,791,000.00		65,791,000.00
GOJ FIXED RATE 13.25% BENCHMARK INVESTMENT NOTES - Due 2040		JAM		7,431,000.00		7,431,000.00
GOJ FIXED RATE 11.00% BENCHMARK INVESTMENT NOTES - Due 2024		JAM		23,704,500,427.00		23,704,500,427.00
GOJ FIXED RATE STEP UP INVESTMENT NOTES - Due 2024 “FR24B”		JAM		4,946,293,367.00		4,946,293,367.00
GOJ FIXED RATE STEP UP INVESTMENT NOTES - Due 2024 “FR24C”		JAM		8,700,929,000.00		8,700,929,000.00
GOJ FIXED RATE ACCRETING INVESTMENT NOTES - Due 2028		JAM		122,942,190,783.56		122,942,190,783.56
GOJ FIXED RATE 11.875% BENCHMARK INVESTMENT NOTES - Due 2030		JAM		24,128,232,715.00		24,128,232,715.00
GOJ FIXED RATE 11.25% BENCHMARK INVESTMENT NOTES - Due 2046		JAM		2,896,758,593.00		2,896,758,593.00
GOJ FIXED RATE 12.25% BENCHMARK INVESTMENT NOTES - Due 2050		JAM		32,049,133,900.00		32,049,133,900.00
GOJ FIXED RATE 7.75% BENCHMARK INVESTMENT NOTES - Due 2022		JAM		15,707,606,000.00		15,707,606,000.00
GOJ FIXED RATE 11.25% BENCHMARK INVESTMENT NOTES - Due 2046		JAM		29,963,057,000.00		29,963,057,000.00
GOJ FIXED RATE 9.50 % BENCHMARK INVESTMENT NOTES - Due 2026		JAM		18,626,573,000.00		18,626,573,000.00
GOJ FIXED RATE 9.625% BENCHMARK INVESTMENT NOTES - Due 2031		JAM		12,109,279,000.00		12,109,279,000.00
GOJ FIXED RATE 7.25% BENCHMARK INVESTMENT NOTES - Due 2021		JAM		26,495,000,200.00		26,495,000,200.00
GOJ FIXED RATE 10.00% BENCHMARK INVESTMENT NOTES - Due 2037		JAM		24,892,392,800.00		24,892,392,800.00
GOJ FIXED RATE 5.50% BENCHMARK INVESTMENT NOTES - Due 2023		JAM		23,069,851,500.00		23,069,851,500.00
GOJ FIXED RATE 5.675% BENCHMARK INVESTMENT NOTES - Due 2029		JAM		17,501,715,000.00		17,501,715,000.00
GOJ FIXED RATE 6.25% BENCHMARK INVESTMENT NOTES - Due 2048		JAM		14,170,000,000.00		14,170,000,000.00
GOJ FIXED RATE 4.25% BENCHMARK INVESTMENT NOTES - Due 2024		JAM		5,023,534,000.00		5,023,534,000.00
GOJ FIXED RATE 5.80% BENCHMARK INVESTMENT NOTES - Due 2034		JAM		14,237,392,600.00		14,237,392,600.00
GOJ VARIABLE RATE BENCHMARK INVESTMENT NOTE - DUE 2022		JAM		2,048,500.00		2,048,500.00
GOJ VARIABLE RATE BENCHMARK INVESTMENT NOTE - DUE 2027		JAM		2,000,000.00		2,000,000.00
GOJ VARIABLE RATE BENCHMARK INVESTMENT NOTE - Due 2020		JAM		89,497,118,695.00		89,497,118,695.00
GOJ VARIABLE RATE BENCHMARK INVESTMENT NOTE - Due 2023		JAM		42,888,333,415.00		42,888,333,415.00
GOJ VARIABLE RATE STEP UP BENCHMARK INVESTMENT NOTE - Due 2025		JAM		91,922,865,518.00		91,922,865,518.00
GOJ VARIABLE RATE STEP UP BENCHMARK INVESTMENT NOTE - Due 2035		JAM		50,689,657,296.00		50,689,657,296.00

43

INTERNAL DEBT	CURRENCY		BALANCE OUTSTANDING		JA$ EQUIVALENT
SUB-TOTAL (h) Jamaica Dollar Benchmark Investment Notes		JAM				700,239,685,309.56
(j) CPI-Indexed Investment Notes
CPI -INDEXED INVESTMENT NOTES - DUE 2022		JAM		3,550,000.00		6,312,313.93
CPI -INDEXED INVESTMENT NOTES - Due 2025		JAM		7,626,184,886.00		10,620,363,258.71
CPI -INDEXED INVESTMENT NOTES - Due 2033		JAM		19,496,712,060.00		27,151,474,495.18
CPI -INDEXED INVESTMENT NOTES - Due 2040		JAM		9,576,133,182.00		13,335,896,588.79
SUB-TOTAL (j) CPI-Indexed Investment Notes		JAM				51,114,046,656.61
SUB-TOTAL CATEGORY II (MARKET LOANS)		JAM				761,653,731,966.17
DEVELOPMENT BANK OF JAMAICA (Assumption of SCJ Debt to DBJ)		JAM		100,416,796.57		100,416,796.57
SUB-TOTAL DEVELOPMENT BANK OF JAMAICA		JAM				100,416,796.57
SUB-TOTAL (b) PUBLIC SECTOR ENTITIES		JAM				100,416,796.57
SUB-TOTAL CATEGORY III (INSTITUTIONAL LOANS - LOCAL)		JAM				100,416,796.57
TOTAL INTERNAL DEBT		JAM				761,754,303,595.43

Source: Debt Management Branch, Ministry of Finance and the Public Service

44

NOTE 8.2

GOVERNMENT OF JAMAICA

STATEMENT VIII

STATEMENT OF OUTSTANDING PUBLIC DEBT

AS AT MARCH 31, 2020

EXTERNAL DEBT	CURRENCY		BALANCE OUTSTANDING		JA$ EQUIVALENT
I FOREIGN CURRENCY OBLIGATIONS TO COMMERCIAL ENTERPRISES
1) BOND HOLDERS
US250M BOND (11.625%) 2022		US		208,239,000.00		28,193,644,801.20
US$250M 9.25% NOTES DUE 2025		US		80,125,000.00		10,848,187,850.00
US$250M 8.5% BOND 2036		US		199,430,000.00		27,000,987,244.00
US$500M 8 % BOND 2039		US		1,117,678,000.00		151,323,318,562.40
US$200M 8% BOND due 2021		US		1,838,159.00		248,869,817.54
US$800M 7.625% Bond due 2025		US		381,606,000.00		51,665,941,624.80
US$1,350M 6.75% Bond due 2028		US		1,359,455,000.00		184,057,700,014.00
US$650M 7.975% BOND DUE 2045		US		1,801,300,000.00		243,879,448,040.00
TOTAL - BOND HOLDERS						697,218,097,953.94
2) COMMERZBANK
230 JONCKHEERE MISTRAL BUSES, SPARE PARTS AND TOOLS (1195)		EURO		9,629,255.17		1,420,937,217.69
TOTAL - COMMERZBANK						1,420,937,217.69
TOTAL FOREIGN CURRENCY OBLIGATIONS TO COMMERCIAL ENTERPRISES						1,420,937,217.69
II FOREIGN GOVERNMENT AND GOVERNMENT AGENCIES
a) UNITED STATES
1. U.S. AGENCY FOR INTERNATIONAL DEVELOPMENT
532-T-046D CROP DIVERSIFICATION & IRRIGATION PROJ.		US		214,650.28		29,061,635.22

45

EXTERNAL DEBT	CURRENCY		BALANCE OUTSTANDING		JA$ EQUIVALENT
TOTAL - U.S. AGENCY FOR INTERNATIONAL DEVELOPMENT						29,061,635.22
2. UNITED STATES DEPARTMENT OF AGRICULTURE
91 JMI USDA PL480 - 1991 DELIVERIES (17.805)		US		1,424,478.80		192,861,324.32
91 JMI PL480 AGREEMENT 4.66M - 1990 DELIVERIES		US		186,215.16		25,211,819.48
91 JMI PURCHASE OF FOOD CALENDAR YEAR 1991 (9.869)		US		789,546.34		106,897,310.61
93 JMI GOJ/CCC PL480 AGREEMENT 20.76M - 1992 DELIVERIES		US		2,491,099.44		337,271,946.06
PL480 AGREEMENT 1995 DELIVERIES (AGR.5.12.94)		US		671,048.55		90,853,800.02
PL 480 FOR CALENDAR YEAR 1996 DELIVERIES (14.879)		US		743,987.85		100,729,110.20
PL 480 FOR CALENDAR YEAR 2000 DELIVERIES		US		199,672.60		27,033,833.05
91 JMI PL480 8.39M		US		671,544.08		90,920,890.23
PL-480 2004 DELIVERABLES		US		3,680,873.69		498,356,433.59
TOTAL - UNITED STATES DEPT. OF AGRICULTURE						1,470,136,467.56
b) CHINA
1. EXIM BANK OF CHINA
EQUIPMENT/SUPPLIES FOR JAMAICA WATER SYSTEM (01.2.2005)		CNY		4,761,904.76		90,853,997.69
JAMAICA CRICKET STADIUM PROJECT		CNY		87,134,015.80		1,662,459,469.93
MONTEGO BAY CONVENTION CENTER		CNY		180,645,161.29		3,446,590,362.65
PALISADOES SHORELINE PROTECTION REHABILITATION WORKS PROJECT		USD		27,888,000.00		3,775,778,630.40
JAMAICA ECONOMIC HOUSING PROJECT		CNY		329,697,879.20		6,290,417,772.41
MAJOR INFRASTRUCTURE DEVELOPMENT PROGRAMME		USD		259,432,518.39		35,124,776,210.84
JAMAICA ROAD IMPROVEMENT & REHABILITATION WORKS PROJECT		USD		187,000,000.00		25,318,079,600.00
JAMAICA SOUTHERN COASTAL HIGHWAY IMPROVEMENT PROJECT		USD		15,567,158.16		2,107,649,997.01
TOTAL EXIM BANK OF CHINA						77,816,606,040.93

46

EXTERNAL DEBT	CURRENCY		BALANCE OUTSTANDING		JA$ EQUIVALENT
2. PEOPLE’S REPUBLIC OF CHINA 20.0MN YUAN
AGREEMENT ON ECONOMIC AND TECHNICAL CO-OPERTION 20.0M YUAN		CNY		20,000,000.00		381,586,784.63
TOTAL PEOPLE’S REPUBLIC OF CHINA						381,586,784.63
TOTAL CHINA						78,198,192,825.56
c) FEDERAL REPUBLIC OF GERMANY
1. KREDITANSTALT FUR WIEDERAUFBAU
89-65-857 HURRICANE RECONSTRUCTION ASSISTANCE III		EURO		3,354,512.83		495,007,353.96
93-65-941 SUPPLIES AND SERVICES		EURO		1,923,479.92		283,837,551.47
89-65-121 HURRICANE RECONSTRUCTION ASSISTANCE 2		EURO		3,186,727.18		470,248,131.02
TOTAL - KREDITANSTALT FUR WIEDERAUFBAU						1,249,093,036.45
d) JAPAN
1. OVERSEAS ECONOMIC CORPORATION FUND
JM-P6 KGN WATER SUPPLY PROJECT		YEN		760,632.00		952,792,825.47
TOTAL - OVERSEAS ECONOMIC CORPORATION FUND						952,792,825.47
2. JAPAN INTERNATIONAL CO-OPERATION AGENCY
ENERGY MANAGEMENT AND EFFICIENCY PROGRAMME		USD		469,148.00		63,518,323.04
TOTAL - JAPAN INTERNATIONAL CO-OPERATION AGENCY
TOTAL - JAPAN						1,016,311,148.51
e) NETHERLAND INVESTMENT BANK

47

EXTERNAL DEBT	CURRENCY		BALANCE OUTSTANDING		JA$ EQUIVALENT
1978.03 CONSOLIDATION OF INTEREST AMOUNTS		EURO		378,591.38		55,866,686.25
1980.02 CONSOLIDATION OF INTEREST AMOUNTS		EURO		134,273.09		19,813,956.17
1989.01 NETHERLANDS 90/91 RESCHEDULING		EURO		344,947.29		50,902,011.22
TOTAL - NETHERLAND INVESTMENT BANK						126,582,653.65
f) BELGIUM
1. GOVT. OF THE KINGDOM OF BELGIUM
MODERNIZATION OF KINGSTON MUNICIPALITY		EURO		2,578,092.66		380,435,285.87
TOTAL - GOVT. OF THE KINGDOM OF BELGIUM						380,435,285.87
g) KUWAIT
KUWAIT FUND FOR ARAB ECONOMIC DEVELOPMENT
ROAD REHABILITATION PROJECT 2 - LOAN #760		KWD		375,000.00		162,468,960.00
TOTAL - KUWAIT						162,468,960.00
h) VENEZUELA
MONTEGO BAY SPORTS COMPLEX PH 3 (21-294)		US		3,474,350.99		470,395,160.02
PORT MARIA CIVIC CENTRE PH 2 (20-293)		US		787,142.05		106,571,791.86
ENERGY COORPORATION AGREEMENT		US		113,616,173.96		15,382,584,685.38
TOTAL VENEZUELA						15,959,551,637.26
TOTAL FOREIGN GOVERNMENT & GOVERNMENT AGENCIES						98,591,833,650.08
III INTERNATIONAL & MULTILATERAL INSTITUTIONS
a) INTER-AMERICAN DEVELOPMENT BANK
714/SF-JA AGRICULTURAL DEVELOPMENT PROGRAMME		VEF		982,490.71		42,136.32

48

EXTERNAL DEBT	CURRENCY		BALANCE OUTSTANDING		JA$ EQUIVALENT
787/SF-JA WEST KINGSTON RE-DEVELOPMENT PROJECT		US		35,082.72		4,749,877.53
787/SF-JA WEST KINGSTON RE-DEVELOPMENT PROJECT		VEF		361,847.21		15,518.49
787/SF-JA WEST KINGSTON RE-DEVELOPMENT PROJECT US$ Equiv		US		98,388.54		13,320,903.14
812/SF-JA LAND TITLING PROJECT		US		196,912.58		26,660,151.74
1005/OC-JA JAMAICA SOCIAL INVESTMENT FUND		US		1,220,684.15		165,269,403.62
1028/OC-JA HEALTH SECTOR REFORM PROGRAM		US		980,733.17		132,782,248.47
1185/OC-JA SOLID WASTE MANAGEMENT PROGRAM		US		812,734.60		110,036,787.68
1197/OC-JA PARISH INFRASTRUCTURE		US		2,631,455.60		356,274,878.85
1219/OC-JA 1&2 LAND ADMINISTRATION		US		184,199.49		24,938,916.31
1264/OC-JA PRIMARY EDUCATION SUPPORT PRG.		US		8,989,875.17		1,217,146,391.17
1268/OC-JA FINANCIAL SECTOR REFORM PROGRAM		US		10,000,000.00		1,353,908,000.00
1283/OC-JA AGRICULTURAL SUPPORT SERVICES PROJECT		US		5,537,233.69		749,690,499.08
1344/OC-CITIZEN, SECURITY & JUSTICE		US		4,621,093.71		625,653,574.27
1355/OC-JA SOCIAL SAFETY NET		US		8,000,000.00		1,083,126,400.00
1360/OC-JA RURAL WATER		US		2,651,422.88		358,978,264.86
1363/OC -JA -NATIONAL ROAD IMPROVEMENT		US		2,552,460.73		345,579,700.20
1419/OC-JA EMERGENCY RECONSTRUCTION		US		5,589,919.38		756,823,656.79
1438/OC/JA -RE INFORMATION AND COMM. TECH PROJECT		US		3,754,420.95		508,314,055.96
1559/OC/JA-1- SOCIAL PROTECTION SUPPORT FOR FOOD PRICE CRISIS		US		7,875,000.00		1,066,202,550.00
1562/OC-JA - NATIONAL IRRIGATION DEVELOPMENT PROGRAM		US		4,644,917.42		628,879,085.43
1959/OC/JA - EMERGENCY ASSIST. - 2007 ATLANTIC HURRICANE SEASON		US		6,499,857.44		880,020,898.69
1972/OC/JA - COMPETITIVENESS ENHANCEMENT PROGRAM		US		17,000,000.00		2,301,643,600.00
2026/OC/JA - TRANSPORTATION INFRASTRUCTURE REHAB. PROGRAMME		US		35,292,830.63		4,778,324,573.26
2039/OC/JA - YOUTH DEVELOPMENT PROGRAM PHASE 1		US		6,759,141.93		915,125,633.22
2058/OC/JA - PUBLIC FINANCIAL & PERFORMANCE MANAGEMENT		US		36,000,000.00		4,874,068,800.00
2074/OC/JA - EDUCATION REFORM PROGRAM		US		18,000,000.00		2,437,034,400.00
2100/OC/JA - SUPPLEMENTAL LOAN TO FINANCE THE PESP ACTIVITIES		US		8,133,509.66		1,101,202,379.68
2272/OC/JA - CITIZEN SECURITY AND JUSTICE PROGRAM 11		US		14,999,999.93		2,030,861,990.52
2276/OC/JA - ROAD IMPROVEMENT PROGRAM		US		7,332,654.87		992,774,008.97
						5,415,632,000.00

49

EXTERNAL DEBT	CURRENCY	BALANCE OUTSTANDING		JA$ EQUIVALENT
2297/OC/JA - COMPETITIVE ENHANCEMENT PROGRAM	US		40,000,000.00
2298/OC/JA - PUBLIC FINANCIAL & PERFORMANCE MGMT PROG. 11	US		40,002,071.23		5,415,912,425.49
2299/OC/JA - HUMAN CAPITAL AND PROTECTION PROGRAM	US		33,333,333.30		4,513,026,662.15
2300/OC/JA - SUPPORT FOR EDUCATION SECTOR REFORM 11 (PBL)	US		20,000,000.00		2,707,816,000.00
2301/OC/JA - SUPPORT FOR EDUCATION SECTOR REFORM 11 (Investment)	US		8,046,952.55		1,089,483,343.31
2359/OC/JA - FISCAL CONSOLIDATION PG FIRST PROG OPERATION	US		139,999,999.97		18,954,711,995.94
2444/OC-JA - AGRICULTURAL COMPETITIVENESS PROGRAMME	US		12,284,221.80		1,663,170,616.88
2502/OC/JA - FISCAL CONSOLIDATION PROGRAMME 11	US		146,666,666.67		19,857,317,333.78
2519/OC/JA - HUMAN CAPITAL AND PROTECTION PROGRAMME 11	US		36,666,666.64		4,964,329,329.72
2521/OC-JA - PUBLIC FINANCIAL & PERFORMANCE MANAGEMENT PROGRAMME III	US		56,000,000.00		7,581,884,800.00
2629/OC/JA - ENERGY EFFICIENCY & CONSERVATION PROGRAMME	US		3,448,774.94		466,932,398.15
2658/OC/JA - FISCAL ADMINISTRATION & MODERNIZATION PROGRAMME	US		43,350,716.84		5,869,288,233.54
2889/OC-JA - INTEGRATED SOCIAL PROTECTION AND LABOUR PROGRAMME	US		27,003,638.27		3,656,044,188.29
3121/OC-JA - PUBLIC SECTOR EFFIENCY PROGRAMME (PSE)	US		8,109,972.32		1,098,015,640.38
3122/OC-JA - PUBLIC SECTOR EFFIENCY PROGRAMME (PSE) CHINA CO-FINANCING	US		5,218,789.16		706,576,039.40
3147/OC-JA - COMPETITIVENESS ENHANCEMENT PROGRAMME III	US		56,000,000.00		7,581,884,800.00
3148/OC-JA - FISCAL STRUCTURAL PROGRAMME FOR ECONOMIC GROWTH	US		74,666,666.67		10,109,179,733.78
3191/OC-JA - CITIZEN SECURITY JUSTICE PROGRAMME III	US		18,774,420.58		2,541,883,821.86
3381/SX-JAADAPT PRG &FIN MECH FOR THE PILOT PRG FOR PPCR JAM	US		8,427,100.00		1,140,951,810.68
3511/OC-JA - FISCAL STRUCTURAL PROGRAMME FOR ECONOMIC GROWTH II	US		130,000,000.00		17,600,804,000.00
3560/OC-JA - EDUCATION SECTOR REFORM III	US		25,000,000.00		3,384,770,000.00
3565/OC-JA - INTEGRATED SUPPORT TO JAMAICA SOCIAL PROTECTION STRATEGY	US		48,389,427.87		6,551,483,350.86
3704/OC-JA - FINANCIAL SYSYTEM REFORM SUPPORT PROGRAMME	US		100,000,000.00		13,539,080,000.00
3880/OC-JA-FISCAL STRUCTURALPROGRAMME FOR ECONOMIC GROWTH III	US		46,836,348.42		6,341,210,681.66
3877/OC-JA - ENERGY MANAGEMENT AND EFFICIENCY PROGRAMME	US		1,553,419.00		210,318,641.15
4115/OC-JA - CREDIT ENHANCING PROGRAMME FOR MICRO, SMALL
AND MEDIUM ENTERPRISES	US		6,512,688.78		881,758,144.08
4373/OC-JA - SUPPORT TO THE PUBLIC SECTOR TRANSFORMATION PROJECT (POLICY-BASED)	US		110,000,000.00		14,892,988,000.00
4374/OC-JA - SUPPORT TO THE PUBLIC SECTOR TRANSFORMATION PROJECT (INVESTMENT)	US		7,061,570.20		956,071,638.63
4400/OC-JA - SECURITY STRENGTHENING PROJECT	US		1,903,126.00		257,665,751.64
4437/OC-JA - IMPLEMENTATION OF THE NATIONAL IDENTIFICATION SYSTEM (NIDS)FOR ECONOMIC GROWTH	US		7,392,886.11		1,000,928,764.74

50

EXTERNAL DEBT	CURRENCY		BALANCE OUTSTANDING		JA$ EQUIVALENT
4645/OC-JA SKILLS DEVELOPMENT GLOBAL SKILLS IN JAMAICA		US		814,820.00		110,319,131.66
4668/OC-JA SUPPORT FOR THE HEALTH SYSTEMS STRENGTHENING FOR THE PREVENTION AND CARE MANAGEMENT FOR NON- COMMUNICABLE DISEASES PROGRAMME		US		949,847.03		128,600,549.27
4669/OC-JA - SUPPORT FOR THE HEALTH SYSTEM STRENGTHENING FOR THE PRENENTION AND CARE OF NON-COMMUNICABLE DISEASES		US		50,000,000.00		6,769,540,000.00
TOTAL - INTER-AMERICAN DEVELOPMENT BANK						207,799,029,111.29
b) CARIBBEAN DEVELOPMENT BANK
04/SFR-JAM - SECOND WATER PROJECT		US		242,514.60		32,834,245.71
06/SFR JAM - ROAD IMPROVEMENT AND MAINTENANCE PROJECT		US		58,015.44		7,854,764.96
06/SFR JAM1 - WISCO JAMAICA		EURO-US EQUIV		169,936.14		25,076,558.66
08/SFR-JAM - RURAL ELECTRIFICATION		US		1,682,088.92		227,739,363.20
10/SFR-OR-JAM - SOCIAL INVESTMENT FUND		US		4,892,928.98		662,457,568.95
11/SFR-OR-JAM CITRUS REPLANTING		US		114,981.91		15,567,496.84
12/SFR-OR-JAM - FINANCIAL SECTOR REFORM		US		1,594,238.18		215,845,183.93
13/SFR OR JAM - ENHANCEMENT OF BASIC SCHOOL		US		4,939,798.97		668,803,334.39
14/SFR-OR-JAM - 001 IRRIGATION DEV.PROJ		US		1,418,368.31		192,034,020.19
15/SFR-OR-JAM - REHAB. OF FLOOD DAMAGE		US		4,816,501.26		652,109,958.79
15/SFR-OR-JAM - REHAB. OF FLOOD DAMAGE		US		1,827,787.18		247,465,568.53
16/SFR-OR-JAM - WASHINGTON BOULEVARD IMPROVEMENT		US		8,809,234.04		1,192,689,244.06
17/SFR-OR -JAM - HURRICANE DEAN REHAB WORKS		US		6,360,418.80		861,142,189.67
17/SFR-OR -JAM 1 - HURRICANE DEAN REHAB WORKS		US		4,395,689.36		595,135,899.00
18/SFR-OR-JAM - UTECH ENHANCEMENT PROJECT		US		8,460,820.15		1,145,517,208.76
18/SFR-OR-JAM - UTECH ENHANCEMENT PROJECT		US		3,525,645.76		477,339,999.96
19/SFR-JAM COMMUNITY INVESTMENT PROJECT		US		9,485,305.47		1,284,223,095.83
19/SFR-OR-JAM - POLICY BASED LOAN		US		61,833,333.33		8,371,664,466.22
28/OR-JAM COASTAL HIGHWAY IMPROVEMENT #4		US		25,421,248.92		3,441,803,228.28
20/SFR-JM AGRICULTURAL SUPPORT		US		7,605,000.00		1,029,647,034.00
20/SFR-OR-JAM NATURAL DISASTER GUSTAV MANAGEMENT						3,017,038,816.05

51

EXTERNAL DEBT	CURRENCY	BALANCE OUTSTANDING		JA$ EQUIVALENT
	US		22,283,927.83
21/SFR-JAM NATURAL DISASTER MGMNT. TROP. STORM NICOLE	US		87,762.39		11,882,220.19
23/SFR-OR JAM FISCAL CONSOLIDATION, GROWTH AND SOCIAL STABILITY LOAN	US		34,437,500.00		4,662,520,675.00
TOTAL - CARIBBEAN DEVELOPMENT BANK					29,038,392,141.15
c) INT’L BANK FOR RECONSTRUCTION & DEVELOPMENT
4819-JM INNER CITY PROJECT	US		7,328,028.19		992,147,599.07
4878-JM HURRICANE DEAN EMERGENCY RECOVERY	US		4,174,904.39		565,243,645.29
7554-JM EARLY CHILDHOOD DEVELOPMENT PROJECT	US		11,112,158.80		1,504,484,069.66
7555-JM SOCIAL PROTECTION PROJECT	US		29,656,335.58		4,015,194,999.24
7556-JM SECOND HIV/AIDS PROJECT	US		7,160,392.04		969,451,206.61
7653-JM FISCAL AND DEBT SUSTAINABLILITY DEV POLICY	US		74,000,000.00		10,018,919,200.00
7769-JM RURAL ECONOMIC DEVELOPMENT PROGRAM	US		11,979,926.16		1,621,971,786.74
7856-JM FIRST PROGRAM FISCAL SUST. DEVELOP. POLICY LOAN	US		163,280,000.00		22,106,609,824.00
7815-JM EDUCATION TRANSFORMATION CAPACITY BLDG. PROJECT	US		14,607,361.53		1,977,702,363.44
8007-JM ENERGY SECURITY & EFFICIENCY ENHANCEMENT PROJECT	US		12,456,854.48		1,686,543,493.53
8084-JM 2ND PROGRAMATIC FISCAL SUSTAINABILITY DEVELOPMENT	US		100,000,000.00		13,539,080,000.00
8317-JM ECONOMIC STABILITY AND FOUNDATION FOR GROWTH DEVELOPMENT	US		130,000,000.00		17,600,804,000.00
8329 ADDITIONAL FINANCING FOR SOCIAL PROTECTION PROGRAMME	US		40,000,000.00		5,415,632,000.00
8334-JM JAMAICA EARLY CHILDHOOD DEVELOPMENT PROJECT	US		11,539,250.51		1,562,308,357.95
8356-JM JAMAICA INTEGRATED COMMUNITY DEVELOPMENT PROJECT	US		36,423,651.98		4,931,427,380.49
8405-JM JAMAICA YOUT EMPLOYMENT IN DIGITAL AND AMINATION INDUSTRIES	US		12,580,144.91		1,703,235,883.48
8406-JM JAMAICA STRATEGIC PUBLIC SECTOR TRANSFORMATION	US		23,545,953.51		3,187,905,482.48
8408-JM FOUNDATIONS FOR COMPETITIVENESS AND GROWTH PROJECT	US		38,502,225.41		5,212,847,100.04
8470-JM FIRST COMPETITIVENESS & FISCAL MANAGEMENT PROGAMMATIC DPL	US		75,000,000.00		10,154,310,000.00
8759-JM JAMAICA DISASTER VULNERABILITY REDUCTION PROJECT	US		7,963,065.24		1,078,125,773.30
8581-JM SECOND COMPETITIVENESS & FISCAL MANAGEMENT PROGAMMATIC DPF	US		70,000,000.00		9,477,356,000.00
8822-JM ACCESS TO FINANCE FOR MICRO, SMALL AND MEDIUM ENTERPRISE PROJECT	US		3,787,982.64		512,858,000.02
9053-JM JAMAICA FIRST ECONOMIC RESILIENCE	US		69,825,000.00		9,453,662,610.00

52

EXTERNAL DEBT	CURRENCY	BALANCE OUTSTANDING		JA$ EQUIVALENT
TOTAL - INT’L BANK FOR RECONSTRUCTION & DEV.					129,287,820,775.33
d) OPEC FUND FOR INT’L DEVELOPMENT
831-P EDUCATION SUPPORT PROJECT LOAN	US		266,760.00		36,116,849.81
906-P RURAL ROAD REHABILITATION	US		833,500.00		112,848,231.80
1007-P NATIONAL COMMUNITY DEV. PROJECT	US		1,666,800.00		225,669,385.44
1152-P RURAL ROAD REHABILITATION PHASE 2	US		591,336.95		80,061,582.73
1238-P BOGUE ROAD IMPROVEMENT PROJECT	US		11,307,017.56		1,530,866,153.06
TOTAL - OPEC FUND FOR INT’L DEVELOPMENT					1,985,562,202.84
e) EUROPEAN ECONOMIC COMMUNITY COMMISSION
LN #8.0163 RURAL ELECTRIFICATION	EURO		426,533.95		78,815,420.08
LN #8.0223 EXPAND COFFEE PRODUCTION	EURO		533,612.60		98,601,537.20
LN #8.0347 SANGSTERS AIRPORT MAIN TERMINAL	EURO		2,975,610.01		549,836,543.22
LN #8.0371 CAST & CTC STUDENT ACCOMMODATION	EURO		593,765.72		109,577,343.06
LN #8.0383 NEGRIL OCHO-RIOS WASTE WATER PROJECT	EURO		12,927,843.77		2,388,821,430.14
LN #8.0388 CREDIT SCH. FOR MICRO & SMALL ENTERPRISES	EURO		3,075,008.91		568,203,584.68
LN #8.0395 MORANT/YALLAHS AGRICULTURAL DEV. PROJ.	EURO		776,367.39		143,458,035.09
TOTAL-EUROPEAN ECONOMIC COMMUNITY COMMISSION					3,937,313,893.47
f) EUROPEAN INVESTMENT BANK
LN #21613 PORT ANTONIO WATER & SEWERAGE PROJECT	EURO		236,900.00		34,958,039.95
TOTAL - EUROPEAN INVESTMENT BANK					34,958,039.95
g) NORDIC DEVELOPMENT FUND
NDF #81 PRIMARY EDUCATION IMPROVEMENT PROG.	XDR		1,040,000.00		153,467,187.20
NDF #120 MULTI-SECTORAL PRE-INVESTMENT PROJECT	XDR		1,067,258.58		157,489,588.30
NDF #165 AIRPORT REFORM & IMPROVEMENT PROGRAM	XDR		1,400,000.00		206,590,444.26

53

EXTERNAL DEBT	CURRENCY		BALANCE OUTSTANDING		JA$ EQUIVALENT
TOTAL - NORDIC DEVELOPMENT FUND						517,547,219.76
h) INTERNATIONAL MONETARY FUND
BUDGETARY SUPPORT TO THE GOVERNMENT OF JAMAICA		XDR		102,758,335.35		15,163,492,996.60
TOTAL - INTERNATIONAL MONETAR FUND						15,163,492,996.60
TOTAL INTERNATIONAL & MULTINATIONAL INSTITUTIONS						387,764,116,380.39
TOTAL EXTERNAL DEBT						1,184,994,985,202.11

Source: Debt Management Branch, Ministry of Finance and the Public Service

54