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, 2021

	Page No.
I) ESTIMATES OF REVENUE 2021/2022		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 the Financing of the Estimates of Expenditure		14
Statement V – Statement of Statutory Expenditure Charged to the Consolidated Fund		15
C. SUMMARY ESTIMATES OF EXPENDITURE
Summary of Net Expenditure Estimates by Head		17
Statutory Provisions and Provisions to be Voted by Head		21
II) FINANCIAL STATEMENTS 2020/2021
Statement I – Receipts and Payments of the Consolidated Fund		25
Statement II – Statement of Financing		27
Statement III – Revenue Estimates Compared with Consolidated Fund Receipts		28
Statement IV – Statement of Expenditure Compared with Issues from the Consolidated Fund		30
Statement V – Statement of Consolidated Fund Balances		33
Statement VI – Statement of Cash Flows		34
Statement VII – Statement of Transfers from the Capital Development Fund		36
Statement VIII – Contingencies Fund		37
Statement IX – Local (Internal) Debt		38
Statement IX – Foreign (External) Debt		39
Notes to the Financial Statements		41

2021-2022 JAMAICA BUDGET

STATEMENT I

REVENUE AND LOAN RECEIPTS

SUMMARY

Head		Account 2019/2020 $		Estimates 2020/2021 $		Consolidated Fund Receipts 2020/2021 (Dec-2020) $		Estimates 2021/2022 $
I	RECURRENT REVENUE
	TAXATION
	Customs		44,681,246,175		47,155,955,182		29,444,069,046		47,200,478,899
	Income Tax		158,263,712,790		167,116,337,031		96,068,209,506		166,511,866,962
	Stamp Duties		7,105,744,394		8,383,249,635		5,111,692,671		7,453,051,806
	Motor Vehicle Licences (Motor Vehicle Act)		4,449,579,480		4,919,511,150		3,419,379,549		4,745,650,760
	Other Licences		197,327,175		357,271,451		98,494,236		610,748,119
	Travel Tax		21,785,864,985		22,511,840,000		3,690,631,566		4,880,720,000
	Betting, Gaming and Lotteries-Duties, Fees and Levies		5,794,426,888		6,730,427,194		4,693,517,320		7,333,722,323
	Education Tax		31,871,426,613		34,449,108,535		21,226,335,631		34,219,754,198
	Contractors Levy		2,759,590,848		2,463,060,887		1,251,432,374		2,119,444,443
	General Consumption Tax		199,266,688,786		199,718,340,352		124,109,910,643		203,317,336,614
	Special Consumption Tax		79,660,799,468		83,348,268,721		48,439,712,796		83,987,786,400
	Environmental Levy		4,292,080,311		4,443,289,942		3,026,167,043		4,214,401,525
	Telephone Call Tax		2,120,336,459		2,510,240,000		2,702,208,576		3,354,650,876
	Guest Accomodation Room Tax		2,930,778,485		3,115,380,908		487,191,983		645,600,000
	Minimum Business Tax				—		87,556,057		—
	Quarry Tax		63,611,389		84,215,326		73,656,586		84,185,846
	Import Licences-Trade Board		329,688,042		345,294,000		187,178,602		304,929,988
	Telecommunication Licences		305,406,716		1,155,435,179		1,295,842,985		1,476,960,000
	TOTAL		565,878,309,004		588,807,225,493		345,413,187,169		572,461,288,760
II	NON-TAX REVENUE		59,600,575,965		67,290,901,000		59,283,166,688		94,185,200,000
	MISCELEANOUS RECEIPTS (UNCLASSIFIED)		—
	TOTAL RECURRENT REVENUE		625,478,884,969		656,098,126,493		404,696,353,857		666,646,488,760
III	CAPITAL REVENUE
	Land Sales		36,322,500		214,421,773		—		—
	Loan Repayments		3,083,500,000		121,578,227		436,268,433		96,419,057
	Extraordinary Receipts: Miscelleanous		18,552,943,708		32,193,000,000		3,310,253,046		4,348,700,000
	TOTAL CAPITAL REVENUE		21,672,766,208		32,529,000,000		3,746,521,480		4,445,119,057
	TOTAL RECURRENT AND CAPITAL REVENUE		647,151,651,177		688,627,126,493		408,442,875,336		671,091,607,817
IV	GRANTS
(I)	TRANSFER FROM CAPITAL DEVELOPMENT FUND
	Transfers to Current Account		130,900,000		135,700,000				148,700,000
	Transfers to Capital Account		—		—				—
	Other				—				—
(II)	EXTERNAL GRANTS
	Grants from the European Union		—		—		3,406,627,613		2,816,000,000
	Miscellaneous Grants		—		2,987,000,000		2,443,825,413		2,960,800,000
	Other Grants		5,635,485,000		1,350,323,510				—
	TOTAL GRANTS		5,766,385,000		4,473,023,510		5,850,453,026		5,925,500,000
V	LOAN RECEIPTS
	Loan receipts		102,924,710,000		143,602,930,000		171,496,672,165		130,305,600,000
	TOTAL LOAN RECEIPTS		102,924,710,000		143,602,930,000		171,496,672,165		130,305,600,000
	TOTAL REVENUE AND LOAN RECEIPTS		755,842,746,177		836,703,080,003		585,790,000,527		807,322,707,817

The Consolidated Fund Receipts are subject to change

1

2021/2022 JAMAICA BUDGET

STATEMENT II

DETAILS OF REVENUE AND LOAN RECEIPTS

REVENUE ITEM DESCRIPTION	Consolidated Fund Receipts 2019/2020 (‘1)		Estimates 2020/2021 BUDGET (‘2)		Consolidated Fund Receipts 2020/2021 (as at Dec-20) (‘3)		Estimates 2021/2022 BUDGET (‘4)		Budget Increase(+) / Decrease (-) [(4)-(2)] (‘5)
	J$		J$		J$		J$		J$
TAX REVENUE
Import Duties		44,681,246,175		47,155,955,182		29,444,069,046		47,200,478,899		44,523,717
Income Tax-Companies		66,422,288,975		70,213,072,081		30,519,617,126		68,513,545,370		-1,699,526,711
Income Tax-Individuals		71,127,369,126		74,095,360,318		49,819,108,359		78,652,286,722		4,556,926,404
Tax on Interest/Dividend		20,714,054,689		22,807,904,631		15,729,484,022		19,346,034,870		-3,461,869,761
Stamp Duties (local)		4,680,113,629		2,920,572,114		1,478,406,751		5,142,931,704		2,222,359,590
Stamp Duties (import)		2,425,630,764		5,462,677,521		3,633,285,920		2,310,120,103		-3,152,557,418
Motor Vehicle Licences (Motor Vehicle Act)		4,449,579,480		4,919,511,150		3,419,379,549		4,745,650,760		-173,860,390
Customs Brokers		305,042		595,803		6,636,274		1,131,964		536,161
Gaming Machines		362,713,070		300,464,973		148,565,938		502,821,742		202,356,769
Tourist Shop Licence		13,476,247		8,064,843		4,992,324		15,322,360		7,257,517
Tourist Shop Operators Licence		17,562,048		13,221,607		74,727,900		25,119,673		11,898,066
Hotel Licence Duty		8,526,592		4,941,702		1,886,234		9,388,718		4,447,016
Other Licences		157,457,245		29,982,523		10,251,504		56,963,663		26,981,140
Travel Tax		14,910,882,585		16,068,252,845		2,394,950,418		3,549,614,545		-12,518,638,299
Passenger Levy		6,874,982,400		6,443,587,155		1,295,681,149		1,331,105,455		-5,112,481,700
Betting, Gaming and Lotteries-Duties, Fees and Levies		5,431,713,817		6,730,427,194		4,544,951,382		7,333,722,323		603,295,130
Education Tax		31,871,426,613		34,449,108,535		21,226,335,631		34,219,754,198		-229,354 ,337
Contractors Levy		2,759,590,848		2,463,060,887		1,251,432,374		2,119,444,443		-343,616,444
General Consumption Tax		105,533,921,168		109,247,434,573		56,997,148,271		111,850,355,568		2,602,920,995
General Consumption Tax		93,732,767,618		90,470,905,780		67,112,762,372		91,466,981,046		996,075,266
Special Consumption Tax		26,866,639,478		31,857,545,353		29,984,301,988		31,305,986,400		-551,558,953
Special Consumption Tax		52,794,159,990		51,490,723,368		18,455,410,808		52,681,800,000		1,191,076,632
Environmental Levy		671,119,049		3,805,926,469		2,581,102,091		627,770,606		-3,178,155 ,862
Environmental Levy		3,620,961,261		637,363,474		445,064,951		3,586,630,919		2,949,267,445
Telephone Call Tax		2,120,336,459		2,510,240,000		2,702,208,576		3,354,650,876		844,410,876
Guest Accomodation Room Tax		2,930,778,485		3,115,380,908		487,191,983		645,600,000		-2,469,780,908
Minimum Business Tax		0		0		87,556,057		0		0
Quarry Tax		63,611,389		84,215,326		73,656,586		84,185,846		-29,480
Import Licences-Trade Board		329,688,042		345,294,000		187,178,602		304,929,988		-40,364,012
Telecommunication Licences		305,406,716		1,155,435,179		1,295,842,985		1,476,960,000		321,524,821
TOTAL TAX REVENUE		565,878,309,004		588,807,225,493		345,413,187,169		572,461,288,760		-16,345,936,733
HIS EXCELLENCY THE GOVERNOR GENERAL AND STAFF
Processing Fees
Miscelleanous Receipts		10,600		35,000		497,788		40,000		5,000
TOTAL-HIS EXCELLENCY THE GOVERNOR GENERAL AND STAFF		10,600		35,000		497,788		40,000		5,000
INTEGRITY COMMISSION OF JAMAICA										0
Contractor’s Registration Fees		4,970,000		5,420,000		2,772,269		4,500,000		-920,000
TOTAL-INTEGRITY COMMISSION OF JAMAICA		4,970,000		5,420,000		2,772,269		4,500,000		-920,000
AUDITOR GENERAL’S DEPARTMENT
Audit Fees		5,000,000		4,997,000				4,998,500		1,500
Miscelleanous Fees		5,000		3,000				1,500		-4,500
TOTAL-AUDITOR GENERAL’S DEPARTMENT		5,005,000		5,000,000		0		5,000,000		-3,000
OFFICE OF THE SERVICES COMMISSIONS
Processing Fees		5,000						7,000		7,000
Miscelleanous Fees		121,558		49,000		89,062		105,000		56,000
TOTAL-OFFICE OF THE SERVICES COMMISSIONS		126,558		49,000		89,062		112,000		63,000
OFFICE OF THE PRIME MINISTER
Rental Charges		25,000		600,000				780,000		180,000
Irrevocable Order		0
Miscelleanous Receipts		275,000		500,000		1,396,415		500,000		0
TOTAL-OFFICE OF THE PRIME MINISTER		300,000		1,100,000		1,396,415		1,280,000		0
ELECTORAL COMMISSION
Registration and ID Card Service		8,600,000		890,000				15,000,000		14,110,000
Miscelleanous Receipts		65,000		205,000		6,085,029		600,000		395,000
TOTAL-ELECTORAL COMMISSION		8,665,000		1,095,000		6,085,029		15,600,000		14,505,000

2

2021/2022 JAMAICA BUDGET

STATEMENT II

DETAILS OF REVENUE AND LOAN RECEIPTS

REVENUE ITEM DESCRIPTION	Consolidated Fund Receipts 2019/2020 (‘1)		Estimates 2020/2021 BUDGET (‘2)		Consolidated Fund Receipts 2020/2021 (as at Dec-20) (‘3)		Estimates 2021/2022 BUDGET (‘4)		Budget Increase(+) / Decrease (-) [(4)-(2)] (‘5)
	J$		J$		J$		J$		J$
OFFICE OF THE CABINET
Irrevocable Order		8,000						3,000		3,000
Miscelleanous Receipts		22,000		50,000		254,808		70,000		20,000
TOTAL-OFFICE OF THE CABINET		30,000		50,000		254,808		73,000		23,000
MINISTRY OF TOURISM
Irrevocable Order		5,000								0
Miscelleanous Receipts		325,000		20,000		588,758		49,000		29,000
De-earmarked Funds - TEF/CHASE		8,425,300,169		8,531,404,594		1,585,036,964		3,693,867,978		-4,837,536,616
TOTAL-MINISTRY OF TOURISM		8,425,630,169		8,531,424,594		1,585,625,722		3,693,916,978		-4,837,507,616
MINISTRY OF ECONOMIC GROWTH AND JOB CREATION
Miscelleanous Receipts		598,820		663,913		3,686,213		2,604,170		1,940,257
TOTAL-MINISTRY OF ECONOMIC GROWTH AND JOB CREATION		598,820		663,913		3,686,213		2,604,170		1,940,257
FORESTRY DEPARTMENT
Timber Sales		0		0
Sale of Seedings		0		0
Miscelleanous Receipts		188,163		0		12,922,697		2,000,000		2,000,000
TOTAL-FORESTRY DEPARTMENT		188,163		0		12,922,697		2,000,000		2,000,000
NATIONAL LAND AGENCY
Miscellaneous Receipts (50% of Profit)						192,538,481
Assurance Fund (100% of Gross Receipts)		38,401,000		53,532,000
Rents - Crown Lands and Other Government Properties		156,000,000		143,000,000				196,000,000		53,000,000
Land Settlement Properties		25,754,000		33,000,000		75,933,914		24,300,000		-8,700,000
Rental of Land-Leased properties		0				3,918,381				0
Attorney’s Fee/ Photocopying		0				7,990,575				0
Miscellaneous Receipts		0		6,000,000				1,000,000		-5,000,000
Other Receipts (Including Crown Property Sales)		75,400,000		85,008,000		27,686,873		400,000,000		314,992,000
TOTAL NATIONAL LAND AGENCY		295,555,000		320,540,000		308,068,223		621,300,000		354,292,000
NATIONAL ENVIRONMENT AND PLANNING AGENCY
Beach and Dredging Licences		45,583,929		33,272,116						-33,272,116
Environment Permits and Licences Hunters Licences		44,670,000		100,200,000						-100,200,000
Hunters Licences		32,440,000		35,000,000						-35,000,000
Air Quality Licence		11,448,165		11,500,143						-11,500,143
Lifeguard				8,146,280						-8,146,280
CITES		1,240,000		200,000						-200,000
Hazardous Waste		348,750		795,000						-795,000
Wastewater and Sludge		53,147,364		33,404,684						-33,404,684
Other Fees		7,151,250
TOTAL NATIONAL ENVIRONMENT AND PLANNING AGENCY		196,029,458		222,518,223		0		0		-222,518,223
MINISTRY OF FINANCE AND THE PUBLIC SERVICE
Fees-Banking Licence Registration (1973) - Commercial Banks		338,637,112		360,717,429		171,184,094		391,527,369		30,809,940
Profits in Government owned companies-Dividends and Financial Distribution		12,487,470,000		20,284,910,000		14,731,669,492		16,879,160,000		-3,405,750,000
Sale of Unserviceable Stores		35,000,000		30,900,000		160,171		32,136,000		1,236,000
BOJ Profits		0						33,155,000,000		33,155,000,000
Sale of Gazettes		1,890,000		2,000,000		550,675		2,080,000		80,000
Fees-Scotia Bank Jamaica Economic Growth Fund		0								0
Provident Fund		15,741,010				458,347				0
Fees-FIA Licence Registration		470,327		513,522				917,231		403,709
Fees-Building Societies		33,860,414		33,294,803		32,554,212		35,481,388		2,186,585
Sale of Forfeited Goods-FID		0						26,000,000		26,000,000
Cash Seized and Forfeited		0		55,590,315		150,000		18,000,000		-37,590,315
Miscelleanous Receipts		608,000,000		608,000,000		27,923,227		26,000,000		-582,000,000
Forfeiture of Loan Agreement (MDB)		15,000,000		15,000,000		50,608,418		50,330,500		35,330,500
TOTAL-MINISTRY OF FINANCE AND THE PUBLIC SERVICE		13,536,068,863		21,390,926,069		15,015,258,634		50,616,632,488		29,225,706,419

3

2021/2022 JAMAICA BUDGET

STATEMENT II

DETAILS OF REVENUE AND LOAN RECEIPTS

REVENUE ITEM DESCRIPTION	Consolidated Fund Receipts 2019/2020 (‘1)		Estimates 2020/2021 BUDGET (‘2)		Consolidated Fund Receipts 2020/2021 (as at Dec-20) (‘3)		Estimates 2021/2022 BUDGET (‘4)		Budget Increase(+) / Decrease(-) [(4)-(2)] (‘5)
	J$		J$		J$		J$		J$
ACCOUNTANT GENERAL’S DEPARTMENT
Interest on On Lent Loans		2,893,706,545		385,959,903		139,584,824		186,113,099		-199,846,804
Interest Earned on Local Currency Bank Accounts		375,239,632		62,712,855		3,568,745		2,726,923		-59,985,932
Interest Earned on Foreign Currency Bank Accounts		808,848,414		1,264,123,158		18,458,203		18,458,088		-1,245,665,070
Interest Earned on Loans and Advances to Public Officers		15,195,930		11,436,074		6,495,730		3,225,098		-8,210,977
Interest on Government Deposits(MDA)		637,024		2,733,378		12,114,435		12,114,435		9,381 ,057
PDCF Interest - Global Bonds Interest				4,501,800,000		4,719,230,398		7,322,375,317		2,820,575,317
PDCF Interest - Local Investments JUTC Interest				1,964,600,000						-1,964,600,000
Pension Contributions: 4% Contribution Scheme		1,520,650,736		2,279,530,596		1,766,084,103		3,139,705,072		860,174,476
Pension Contribution: Members of the Legislature										0
Pension Contributions: Other Government Authorities for Seconded Officers										0
Recovery of Pension and Salary		111,115,727		31,556,087		17,664,879		15,551,025		-16,005,062
Chancery Fund Commission		1,821,813		267,678		422,742		387,247		119,568
Sale of Receipt Books		2,012,485		2,249,599		808,200		1,077,600		-1,171,999
Recovery of Prior Years’ Expenditure		1,667,262		104,263,733		1,811 ,637		2,415,516		-101,848,217
Processing Fees-Salary Deduction		1,834,949		1,531,461		1,040,504		1,387,339		-144,123
Miscelleanous Receipts		10,077,043,082		6,167,652,651		17,214,392,654		16,039,813,244		9,872,160,593
Registration of Jamaica Investment Capital Growth Funds		0
Fees on Government Guaranteed Loans		0
Executive Agency Investment Fund Management Fees		1,847,855
TOTAL-ACCOUNTANT GENERAL’S DEPARTMENT		15,811,621,454		16,780,417,173		23,901,677,055		26,745,350,002		9,964,932,828
JAMAICA CUSTOMS AGENCY
Warehouse Fees		9,085,158		9,850,473		7,225,006		8,830,562		-1,019,911
Receipts from Sale of Seized items		221,763,993		308,039,234				134,387,333		-173,651,901
Penalty Payments for Breaches of Customs Act and Regulations		120,439,090		135,040,300				84,904,983		-50,135,317
Net Service Charge for Shipping and Airline Carriers		981,858,185		892,521,644				493,117,927		-399,403,717
Processing 5% PAJ		0						113,877,856		113,877,856
Standard and Compliance Fees		36,121,281		37,627,109		20,281,576		30,189,629		-7,437,480
Customs User/ Administration Fee		5,546,033,753		5,280,526,000		1,620,377,705		2,000,000,000		-3,280,526,000
Irrevocable Standing Orders		41,500		41,500				33,000		-8,500
Miscelleanous Receipts		934,935		917,332		1,896,676,552		1,318,160,230		1,317,242,898
TOTAL-JAMAICA CUSTOMS AGENCY		6,916,277,895		6,664,563,593		3,544,560,838		4,183,501,520		-2,481,062,073
TAX ADMINISTRATION OF JAMAICA
Penalty for late and non-payment of sundry taxes and licences		1,000
Penalty for Breaches of Spirit Licences		300,000		327,000				440,000		113,000
Property Tax (2.5%)		200,000,000		215,000,000		163,615,692		200,000,000		-15,000,000
National Health Fund(NHF 2.5%)		0								0
Passport Immigration & Citizenship Agency Fee 0.5%		480,000		512,000		159,178		200,000		-312,000
Road Maintenance Fund 2.5%		46,800,000		52,000,000		41,314,044		60,000,000		8,000,000
Special Consumption Tax 2.5%		0								0
Island Traffic Authority 20%		14,000,000		16,200,000		8,164,200		10,000,000		-6,200,000
Police User Fees		0						0		0
Trade Licence 2.5%		9,000,000		8,000,000		9,059,780		9,000,000		1,000,000
Miscellaneous Receipts		20,000,000		23,577,000		18,573,173		22,000,000		-1,577,000
Firearm Licensing Authority User Fees		0				2,648,335				0
Net Service Charge for services rendered by Excise Officers		0								0
TOTAL-TAX ADMINISTRATION OF JAMAICA		290,581,000		315,616,000		243,534,401		301,640,000		-13,976,000
MINISTRY OF NATIONAL SECURITY
Sale of Services- CRDC		0		15,012,000				15,012,000		0
Miscelleanous Receipts		50,750,000		15,000,000		36,292,786		15,000,000		0
TOTAL-MINISTRY OF NATIONAL SECURITY		50,750,000		30,012,000		36,292,786		30,012,000		0
JAMAICA DEFENCE FORCE
Rental of Lettings (Land and Buildings) Soldier’s Contribution		20,000,000		1,000,000				1,000,000		0
Soldiers’ Contribution to various services		201,000,000		3,500,000				3,500,000		0
TOTAL-JAMAICA DEFENCE FORCE		221,000,000		4,500,000		0		4,500,000		0
POLICE DEPARTMENT
Police Certificates		425,000,000		482,369,000		29,748,000		35,000,000		-447,369,000
Finger Print Search		0		461,000,000		151,629,000		185,324,333		-275,675,667

4

2021/2022 JAMAICA BUDGET

STATEMENT II

DETAILS OF REVENUE AND LOAN RECEIPTS

REVENUE ITEM DESCRIPTION	Consolidated Fund Receipts 2019/2020 (‘1)		Estimates 2020/2021 BUDGET (‘2)		Consolidated Fund Receipts 2020/2021 (as at Dec-20) (‘3)		Estimates 2021/2022 BUDGET (‘4)		Budget Increase(+) / Decrease (-) [(4)-(2)] (‘5)
	J$		J$		J$		J$		J$
Pension Contributions: Constabulary		0								0
Pension Contributions: Special Constables		0								0
Accident Report		33,612,000		18,687,000		3,000		24,772,450		6,085,450
Miscellaneous Receipts		76,650,000		31,173,880		29,927,435		48,766,372		17,592,492
TOTAL-POLICE DEPARTMENT		535,262,000		993,229,880		211,307,435		293,863,155		-699,366,725
DEPARTMENT OF CORRECTIONAL SERVICES
Sundry Fines and Contribution		900,000		1,222,000		2,177,544		1,222,000		0
TOTAL-DEPARTMENT OF CORRECTIONAL SERVICES		900,000		1,222,000		2,177,544		1,222,000		0
PASSPORT, IMMIGRATION AND CITIZENSHIP AGENCY
Passport Services		1,907,267,275								0
Citizenship Services		72,821,634								0
Immigration Services		436,251,552								0
Miscelleanous Fees		170,000,000								0
TOTAL-PASSPORT, IMMIGRATION AND CITIZENSHIP AGENCY		2,586,340,461		0		0		0		0
MINISTRY OF JUSTICE
Traffic Fines		225,578,000		153,228,728				150,000,000		-3,228,728
Other Court Fines		366,000		1,442,362		16,500				-1,442,362
Sale of Revised Laws of Jamaica to the Private Sector		0								0
Forfeited Recognizances (Funds)		0								0
Sale of Marriage Licences		0								0
Miscellaneous Receipts		184,517,000		176,048,500		83,465,877		152,259,465		-23,789,035
Tender Documents		0
TOTAL-MINISTRY OF JUSTICE		410,461,000		330,719,590		83,482,377		302,259,465		-28,460,125
ADMINISTRATOR GENERAL’S DEPARTMENT
Charges for Administering Intestate Estate (50% of Gross Receipts)				0				10,000,000		10,000,000
Bona Vacantia and Unclaimed Balances		2,000,000						2,000,000		2,000,000
TOTAL-ADMINISTRATOR GENERAL’S DEPARTMENT		2,000,000		0		0		12,000,000		12,000,000
MINISTRY OF FOREIGN AFFAIRS AND FOREIGN TRADE
Visa Fees from Overseas Missions		10,203,276		2,567,463				2,746,448		178,985
Authentication fees		6,802,184		1,711,642		1,394,329		1,830,965		119,323
Rush fees		1,700,546		427,911				457,741		29,830
Consul fees		9,523,058		2,396,299		171,351		2,563,351		167,052
Postage fees		0		342,328				366,193		23,865
Miscellaneous Receipts		5,781,857		1,112,567		66,290,273		1,190,127		77,560
TOTAL-MINISTRY OF FOREIGN AFFAIRS AND FOREIGN TRADE		34,010,921		8,558,210		67,855,953		9,154,825		596,615
MINISTRY OF LABOUR AND SOCIAL SECURITY
Reimbursement - NIS		820,962,000		735,011,000		327,873,771		645,604,306		-89,406,694
Fees - Factories Registration Act		2,117,031		1,587,664		1,406,980		1,280,000		-307,664
Fees - Employment Agencies Registration Act		317,143		610,000		425,010		190,000		-420,000
Fees - Recruiting of Workers Act		0								0
Work Permit		1,100,000,000		1,400,000,000		360,497,142		800,000,000		-600,000,000
Miscellaneous Receipts		3,079,306		700,000		272,899,315		7,744,295		7,044,295
TOTAL-MINISTRY OF LABOUR AND SOCIAL SECURITY		1,926,475,480		2,137,908,664		963,102,219		1,454,818,601		-683,090,063
MINISTRY OF EDUCATION, YOUTH AND CULTURE
Fees from Jamaica School Certificate Examinations		200,000
Rental of EDDC and other Buildings		6,000,000		3,000,000		401,400		1,200,000		-1,800,000
Repayment of Bonds by Teachers		12,000,000		12,000,000		465,583		1,800,000		-10,200,000
Transcripts		12,000		60,000		600		7,200		-52,800
Recovery of Previous years Expenditure		12,000,000		12,000,000		3,636,002		7,200,000		-4,800,000
Miscellaneous Receipts		10,000,000		10,000,000		55,693,519		23,000,000		13,000,000
TOTAL-MINISTRY OF EDUCATION, YOUTH AND CULTURE		40,212,000		37,060,000		60,197,104		33,207,200		-3,852,800

5

2021/2022 JAMAICA BUDGET

STATEMENT II

DETAILS OF REVENUE AND LOAN RECEIPTS

					Consolidated				Budget
	Consolidated		Estimates		Fund Receipts		Estimates		Increase(+) /
	Fund Receipts		2020/2021		2020/2021		2021/2022		Decrease(-)
	2019/2020		BUDGET		(as at Dec-20)		BUDGET		[(4)-(2)]
REVENUE ITEM DESCRIPTION	(‘1)		(‘2)		(‘3)		(‘4)		(‘5)
	J$		J$		J$		J$		J$
MINISTRY OF HEALTH
Registration of Pharmacies and Pharmacists		480,000
Registration of Drugs		12,000,000		36,000,000				80,000,000		44,000,000
Parents Contribution toward Maintenance of Children in Children’s Home		0								0
Drug Permits		4,200,000		36,000,000				60,000,000		24,000,000
Miscellaneous Receipts		240,000		2,160,000		27,724,569		3,200,000		1,040,000
Advisory Panel on Ethics (Research Proposal)		216,000		216,000				540,000		324,000
TOTAL-MINISTRY OF HEALTH		17,136,000		74,376,000		27,724,569		143,740,000		69,364,000
GOVERNMENT CHEMIST
Fees from Laboratory analyses		1,008,000		1,008,000		538,065		1,008,000		0
TOTAL-GOVERNMENT CHEMIST		1,008,000		1,008,000		538,065		1,008,000		0
MINISTRY OF CULTURE, GENDER, ENTERTAINMENT AND SPORTS
Irrevocable Order		0		0						0
Miscelleanous Receipts		115,000		350,000		75,118		115,000		-235,000
TOTAL-MINISTRY OF CULTURE, GENDER, ENTERTAINMENT AND SPORTS		115,000		350,000		75,118		115,000		-235,000
MINISTRY OF INDUSTRY COMMERCE AGRICULTURE AND FISHERIES
Agricultural Land Management Division		1,600,000		1,600,000						-1,600,000
Miscelleanous Receipts		0				62,834,362				0
Other Receipts from Agricultural Stations		0		12,262,392						-12,262,392
Receipts from sundry and other receipts		6,500								0
TOTAL-MINISTRY OF INDUSTRY COMMERCE AGRICULTURE AND FISHERIES		1,606,500		13,862,392		62,834,362		0		-13,862,392
MINISTRY OF AGRICULTURE AND FISHERIES
Receipts from sundry and other receipts				0				0
Agricultural Land Management Division		0						0		0
Miscelleanous Receipts		0								0
TOTAL-MINISTRY OF AGRICULTURE AND FISHERIES		0		0		0		0		0
MINISTRY OF INDUSTRY AND COMMERCE
Miscelleanous Receipts										0
Other Receipt		0						60,000		60,000
TOTAL-MINISTRY OF INDUSTRY AND COMMERCE		0		0		0		60,000		60,000
FOOD PROTECTION, INSPECTION AND DEINFESTATION DIVISION
Food Protection, Inspection & Deinfestation Division - Sundry Fees		10,000,000
TOTAL-FOOD STORAGE AND PREVENTION OF INVESTATION DIVISION		10,000,000		0		0		0		0
OFFICE OF THE GOVERNMENT TRUSTEE
Commission on Dividend Payment		1,237,387		1,368,414				1,233,310		-135,104
Legal fees and charges against the Bankruptcy		5,347,500		2,274,000				3,849,000		1,575,000
TOTAL-OFFICE OF THE GOVERNMENT TRUSTEE		6,584,887		3,642,414		0		5,082,310		1,439,896
OFFICE OF THE SUPERVISOR OF INSOLVENCY
Insolvency Status Verification		2,520,000		3,000,000				3,300,000		300,000
Trustee Application Fee		80,000		100,000				100,000		0
Trustee Licence Fee		480,000		150,000				150,000		0
Trustee License Renewal		2,000		2,000				30,000		28,000
Miscellaneous Receipts		10,000		20,000		75,000		20,000		0
TOTAL-OFFICE OF THE SUPERVISOR OF INSOLVENCY		3,092,000		3,272,000		75,000		3,600,000		328,000
TRADE BOARD
Certification Fees		7,401,680		7,122,951				6,474,078		-648,873
Dealers Registration / Licensing Fees		0								0

6

2021/2022 JAMAICA BUDGET

STATEMENT II

DETAILS OF REVENUE AND LOAN RECEIPTS

REVENUE ITEM DESCRIPTION	Consolidated Fund Receipts 2019/2020 (‘1)		Estimates 2020/2021 BUDGET (‘2)		Consolidated Fund Receipts 2020/2021 (as at Dec-20) (‘3)		Estimates 2021/2022 BUDGET (‘4)		Budget Increase(+) / Decrease (-) [(4)-(2)] (‘5)
	J$		J$		J$		J$		J$
Scrap Metal		4,664,799		4,534,758				4,528,366		-6,392
Car Dealers Registration		48,500,000		61,158,500				48,400,160		-12,758,340
Collateral Letter		4,162,500		4,519,500				4,067,550		-451,950
Letter of Transfer		1,916,000		1,922,000				2,775,350		853,350
Miscellaneous Receipts		52,228,196		62,995,488				55,612,597		-7,382,891
TOTAL-TRADE BOARD		118,873,175		142,253,197		0		121,858,101		-20,395,096
DEPARTMENT OF COOPERATIVE AND FRIENDLY SOCIETIES
Amendment to Rules Fees		30,000		30,000				30,000		0
Registration Fees-Cooperative & Friendly Society		120,000		120,000				70,000		-50,000
Registration of Special Resolution		0								0
Arbitration		50,000		50,000				40,000		-10,000
Training		270,000		270,000				157,500		-112,500
Registration of change in office to include registration of Branch Office with IP Societies		0								0
Annual Fees for IP Societies		300,000		300,000				350,000		50,000
Miscellaneous Receipts		105,000		105,000		389,090		125,000		20,000
TOTAL-DEPARTMENT OF COOPERATIVE AND FRIENDLY SOCIETIES		875,000		875,000		389,090		772,500		-102,500
COMPANIES OFFICE OF JAMAICA
Fees for Registration of Companies (50% of Surplus to Consolidated Fund)		331,842,475						336,537,133		336,537,133
Fees for Registration of Business Names (50% Surplus to Consolidated Fund)		63,094,971						95,886,516		95,886,516
Miscellaneous receipts		74,647,574						197,620,617		197,620,617
TOTAL-COMPANIES OFFICE OF JAMAICA		469,585,020		0		0		630,044,266		630,044,266
JAMAICA INTELLECTUAL PROPERTY OFFICE
Fees for Registration of Trademark		80,581,000				36,311,576		82,703,300		82,703,300
Patent fees		45,000		10,000		19,830		1,205,072		1,195,072
Design Fees		216,500		262,500		131,950		725,000		462,500
Search Fees		398,200		402,600		5,173,400		440,000		37,400
Trade Mark Journal		422,400		0		96,800				0
Trade Mark Publication		5,011,600		5,062,200		2,761,000		5,005,000		-57,200
Geographical Indication Registration		30,000		30,000		0		30,000		0
Copyright-GDA Registration		461,450		444,000		295,475		621,000		177,000
Madrid Treaty Registration		0								0
Patent Corporation Treaty Registration		125,000						60,000		60,000
Miscellaneous receipts		0		84,360,900		6,646,506
TOTAL-JAMAICA INTELLECTUAL PROPERTY OFFICE		87,291,150		90,572,200		51,436,537		90,789,372		84,578,072
MINISTRY OF SCIENCE ENERGY TECHNOLOGY AND TELECOMMUNICATION
Fees-Electric Lighting Act		0		16,000,000		11,365,498		22,018,000		6,018,000
Miscelleanous Receipts		0		796,001,000		45,814,129		104,554,000		-691,447,000
TOTAL-MINISTRY OF SCIENCE ENERGY TECHNOLOGY AND TELECOMMUNICATION		0		812,001,000		57,179,627		126,572,000		-685,429,000
SCIENTIFIC RESEARCH COUNCIL
Information Services		0
Process Development		0
Product Research and Development		0		86,408,000				72,878,297		-13,529,703
Promotion and Distribution of Products		0
TOTAl-SEIENTIFIC RESEARCH COUNCIL		0		86,408,000		0		72,878,297		-13,529,703
POST AND TELECOMMUNICATION DEPARTMENT
Sales of Stamps		174,335,000		174,335,000		58,251,836		160,000,000		-14,335,000
Postage, Prepayment		550,000,000		680,000,000		114,409,566		580,000,000		-100,000,000
Commission on Money Order and Postal Orders		0						300,000		300,000
C.O.D. and Customs Clearance Fees on Parcels		4,000,000		4,000,000		686,000		2,100,000		-1,900,000
Shares of Postage on Parcels		0								0
Rental of Property		13,976,000		13,976,000		5,665,306		29,250,000		15,274,000
Rental of Letter Boxes and Bags		23,908,000		23,908,000		3,987,306		29,000,000		5,092,000

7

2021/2022 JAMAICA BUDGET

STATEMENT II

DETAILS OF REVENUE AND LOAN RECEIPTS

					Consolidated				Budget
	Consolidated		Estimates		Fund Receipts		Estimates		Increase(+) /
	Fund Receipts		2020/2021		2020/2021		2021/2022		Decrease (-)
	2019/2020		BUDGET		(as at Dec-20)		BUDGET		[(4)-(2)]
REVENUE ITEM DESCRIPTION	(‘1)		(‘2)		(‘3)		(‘4)		(‘5)
	J$		J$		J$		J$		J$
Terminal Dues / Postal Administrations and Airlines		30,500,000		30,500,000				11,000,000		-19,500,000
Express Mail		58,960,000		28,960,000		1,535,890		15,000,000		-13,960,000
Other Postal Business		10,000,000		10,000,000		3,985,459		8,000,000		-2,000,000
Commission fees from Jamaica National Small Business		5,500,000		5,500,000		3,314,676		6,300,000		800,000
Commission Fees from Ministry of Labour and Social Security for handling Welfare Payments		120,167,000		120,167,000				120,000,000		-167,000
Commission on the sale of Ministry of Water & Housing Water Tank and Water Coupons		0		0
TOTAL-POST AND TELECOMMUNICATION DEPARTMENT		991,346,000		1,091,346,000		191,836,038		960,950,000		-130,396,000
MINISTRY OF TRANSPORT AND WORKS
Tender Documents		60,000		60,000				27,000		-33,000
Other Receipts		70,000		147,000				13,000		-134,000
Miscelleanous Receipts		50,000		19,000		267,497,167		125,000		106,000
Bluefield Guest House		0								0
On and Off Trailer Plates		0								0
De- earmarked - Civil Aviation Authority		5,775,245,615		6,565,911,887		7,030,514,524		3,126,478,000		-3,439,433,887
TOTAL-MINISTRY OF TRANSPORT AND WORKS		5,775,425,615		6,566,137,887		7,298,011,692		3,126,643,000		-3,439,494,887
MINES AND GEOLOGY
Application for Export Permits		700,000
Library Publication		180,000
Receipts from issue of Sundry Permits		20,000		720,000				520,000		-200,000
Laboratory Analysis - Metallic Minerals		9,500,000		12,000,000				10,000,000		-2,000,000
Miscellaneous Receipts		6,500,000		8,220,000		4,016,035		5,020,000		-3,200,000
Royalties-Bauxite		760,000,000		560,000,000		404,282,934		519,000,000		-41,000,000
Royalties-Limestone		40,000,000		40,000,000		3,993,680		31,000,000		-9,000,000
Royalties-Marble		0								0
Blasting Inspections		850,000		800,000		394,100		850,000		50,000
TOTAL-MINES AND GEOLOGY		817,750,000		621,740,000		412,686,749		566,390,000		-55,350,000
MINISTRY OF LOCAL GOVERNMENT AND COMMUNITY DEVELOPMENT
Fire Inspection Fees		0		0
Tender Document Fees		8,000		8,000				34,000		26,000
Repairs of Fire Hydrants		0								0
Permission to Host events		0								0
Fines		0								0
6% Pension Contribution - Councillors		0								0
Miscellaneous Receipts		809,776		420,000		10,608,538		75,750		-344,250
TOTAL-MINISTRY OF LOCAL GOVERNMENT AND COMMUNITY DEVELOPMENT		817,776		428,000		10,608,538		109,750		-318,250
JAMAICA FIRE BRIGADE
Fire Certification & Application				0
Training of Safety Monitor & Demonstration				0
TOTAL - JAMAICA FIRE BRIGADE		0		0		0		0		0
MISCELLEANOUS RECEIPTS (UNCLASSIFIED)						5,118,926,731
TOTAL NON TAX REVENUE		59,600,575,965		67,290,901,000		59,283,166,688		94,185,200,000		27,032,008,900
TOTAL RECURRENT REVENUE		625,478,884,969		656,098,126,493		404,696,353,857		666,646,488,760		10,686,072,168
CAPITAL REVENUE
LAND SALES
Crown Property Sales		36,322,500		214,421,773						-214,421,773
TOTAL-LAND SALES		36,322,500		214,421,773		0		0		-214,421,773
LOAN REPAYMENTS
Miscellaneous		3,083,500,000		121,578,227		436,268,433		96,419,057		-25,159,170
TOTAL LOAN REPAYMENTS		3,083,500,000		121,578,227		436,268,433		96,419,057		-25,159,170

8

2021/2022 JAMAICA BUDGET

STATEMENT II

DETAILS OF REVENUE AND LOAN RECEIPTS

					Consolidated				Budget
	Consolidated		Estimates		Fund Receipts		Estimates		Increase(+) /
	Fund Receipts		2020/2021		2020/2021		2021/2022		Decrease(-)
	2019/2020		BUDGET		(as at Dec-20)		BUDGET		[(4)-(2)]
REVENUE ITEM DESCRIPTION	(‘1)		(‘2)		(‘3)		(‘4)		(‘5)
	J$		J$		J$		J$		J$
EXTRAORDINARY RECEIPTS										0
Miscelleanous		18,552,943,708
PCDF Other Inflow				8,193,000,000		3,310,253,046		4,348,700 ,000		-3,844,300,000
Proceeds from Divestment		0		24,000,000,000						-24,000,000,000
TOTAL-EXTRAORDINARY RECEIPTS		18,552,943,708		32,193,000,000		3,310,253,046		4,348,700,000		-27,844,300,000
TOTAL CAPITAL REVENUE		21,672,766,208		32,529,000,000		3,746,521,480		4,445,119,057		-28,083,880,943
GRANTS
TRANSFER FROM CAPITAL DEVELOPMENT FUND
Transfer to Current Account		130,900,000		135,700,000				148,700,000		13,000,000
Transfers in lieu of Income Tax from Alumina Producers		0								0
Others		0								0
TOTAL-TRANSFER TO CAPITAL ACCOUNT		130,900,000		135,700,000		0		148,700,000		0
EXTERNAL GRANTS
European Union		0		0		3,406,627,613		2,816,000,000
Miscelleanous Grants		0		2,987,000,000		2,443,825,413		2,960,800,000		-26,200,000
Other Grants		5,635,485,000		1,350,323,510						-1,350,323,510
TOTAL EXTERNAL GRANTS		5,635,485,000		4,337,323,510		5,850,453,026		5,776,800,000		-1,376,523,510
TOTAL GRANTS		5,766,385,000		4,473,023,510		5,850,453,026		5,925,500,000		-1,376,523,510
EXTERNAL LOANS
Multilateral
Loans to be raised under Act 39 of 1964
World Bank Loans		0		4,070,100,000		2,886,368,189		7,434,000,000		3,363,900,000
Inter-American Development Bank		36,944,300,000		10,175,250,000		18,036,736,584		14,868,000,000		4,692,750,000
USAID		0		0						0
Caribbean Development Bank		0		0						0
European Union		0		0						0
World Bank/IDB		0		0						0
IFID		0		0		12,075,426				0
OECF/USAID		0		0						0
OPEC		0		0						0
OECF		0		0						0
IMF		0		0		1,199,731,000				0
IBRD		9,310,000,000		5,689,410,000		4,375,487,000				-5,689,410,000
Other		0		6,499,170,000						-6,499,170,000
Total Multilateral Loans		46,254,300,000		26,433,930,000		26,510,398,200		22,302,000,000		-4,131,930,000
Bilateral
Government of China		0		7,944,570,000		5,901,583,965				-7,944,570,000
Government of Germany		0		0
JBIC		0		0
Kuwait		0		0
Saudi		0		0
PL480		0		0
Other		0		0
Other Loans		0		0
Capital Market		0		0
Other		0		0				18,024,100,000
Total Bilateral Loans		0		7,944,570,000		5,901,583,965		18,024,100,000		-7,944,570,000
TOTAL-EXTERNAL LOANS		46,254,300,000		34,378,500,000		32,411,982,165		40,326,100,000		-12,076,500,000
DOMESTIC LOANS
Local Commercial Banking Sector		0		0
Benchmark Notes & Treasury Bills		56,670,410,000		109,224,430,000		139,084,690,000		89,979,500,000		-19,244,930,000
Indexed Bonds & US$ Loans		0		0						0
Other		0		0						0
TOTAL-DOMESTIC LOANS		56,670,410,000		109,224,430,000		139,084,690,000		89,979,500,000		-19,244,930,000
TOTAL LOANS		102,924,710,000		143,602,930,000		171,496,672,165		130,305,600,000		-31,321,430,000

9

2021/2022 JAMAICA BUDGET

STATEMENT II

DETAILS OF REVENUE AND LOAN RECEIPTS

REVENUE ITEM DESCRIPTION	Consolidated Fund Receipts 2019/2020 (‘1)		Estimates 2020/2021 BUDGET (‘2)		Consolidated Fund Receipts 2020/2021 (as at Dec-20) (‘3)		Estimates 2021/2022 BUDGET (‘4)		Budget Increase(+) / Decrease (-) [(4)-(2)] (‘5)
	J$		J$		J$		J$		J$
					Consolidated
RECURRENT REVENUE
Tax Revenue		565,878,309,004		588,807,225,493		345,413,187,169		572,461,288,760		-22,928,916,489
Non Tax Revenue		59,600,575,965		67,290,901,000		59,283,166,688		94,185,200,000		-7,690,325,035
CAPITAL REVENUE		21,672,766,208		32,529,000,000		3,746,521,480		4,445,119,057		-10,856,233,792
GRANTS
Transfer from Capital Development Fund		130,900,000		135,700,000		0		148,700,000		-4,800,000
External Grants		5,635,485,000		4,337,323,510		5,850,453,026		5,776,800,000		1,298,161,490
LOANS										0
External Loans		46,254,300,000		34,378,500,000		32,411,982,165		40,326,100,000		11,875,800,000
Domestic Loans		56,670,410,000		109,224,430,000		139,084,690,000		89,979,500,000		-52,554,020,000
		755,842,746,177		836,703,080,003		685,790,000,527		807,322,707,817		-80,860,333,826

10

2021-2022 JAMAICA BUDGET

STATEMENT III

Summary of Revenue Estimates and Estimates of Expenditure for the Year 2021-2022

$’000

RECURRENT

REVENUE			EXPENDITURE
	Estimates, 2021/2022			Estimates, 2021/2022
I  RECURRENT REVENUE			RECURRENT EXPENDITURE
Customs		47,200,478,898.81	His Excellency the Governor-General and Staff		368,189,000.00
Income Tax		166,511,866,961.88	Houses of Parliament		1,293,275,000.00
Stamp Duties		7,453,051,806.39	Office of the Public Defender		157,771,000.00
Motor Vehicle Licences(Motor Vehicle Act)		4,745,650,759.68	Auditor General		938,587,000.00
Other Licences		610,748,119.03	Office of the Services Commissions		371,134,000.00
Travel Tax		4,880,720,000.45	Office of the Children’s Advocate		202,377,000.00
Betting, Gaming and Lotteries-Duties, Fees and Levies		7,333,722,323.40	Independent Commission of Investigations		691,288,000.00
Education Tax		34,219,754,197.54	Integrity Commission		923,650,000.00
Contractors Levy		2,119,444,443.32	Office of the Prime Minister		8,150,130,000.00
General Consumption Tax		203,317,336,613.88	Office of the Cabinet		1,041,675,000.00
Special Consumption Tax		83,987,786,400.00	Ministry of Tourism		10,971,360,000.00
Environmental Levy		4,214,401,525.43	Ministry of Economic Growth and Job Creation		15,229,210,000.00
Telephone Call Tax		3,354,650,876.00	Ministry of Finance and Public Service		388,932,737,000.00
Guest Accomodation Room Tax		645,600,000.00	Ministry of Housing, Urban Renewal, Environment and Climate Change		2,988,890,000.00
Minimum Business Tax		—	Ministry of National Security		84,378,117,000.00
Quarry Tax		84,185,845.89	Ministry of Justice		9,508,744,000.00
Import Licences-Trade Board		304,929,988.00	Ministry of Foreign Affairs and Foreign Trade		4,595,380,000.00
Telecommunication Licences		1,476,960,000.00	Ministry of Labour and Social Security		13,652,216,000.00
			Ministry of Education, Youth and Education		117,794,351,000.00
TOTAL TAX REVENUE		572,461,288,759.70	Ministry of Health and Wellness		87,124,354,000.00
			Ministry of Culture, Gender, Entertainment and Sport		3,929,343,000.00
			Ministry of Agriculture and Fisheries		9,652,912,000.00
NON-TAX REVENUE		94,185,200,000.42	Ministry of Industry, Investment and Commerce		4,165,785,000.00
			Ministry of Science, Energy and Technology		9,742,418,000.00
SUBTOTAL NON TAX REVENUE		94,185,200,000.42	Ministry of Transport and Mining		11,934,479,000.00
			Ministry of Local Government and Rural Development		17,372,589,000.00
TRANSFERS FROM CAPITAL DEVELOPMENT FUND		148,700,000.00	GROSS TOTAL		806,110,961,000.00
			Less Appropriations-ln-Aid		29,531,392,000.00
TOTAL RECURRENT REVENUE		666,795,188,760	TOTAL RECURRENT EXPENDITURE		776,579,569,000.00

11

2021-2022 JAMAICA BUDGET

STATEMENT III

Summary of Revenue Estimates and Estimates of Expenditure for the Year 2021-2022

$’000

CAPITAL

REVENUE			EXPENDITURE
	Estimates, 2021/2022			Estimates, 2021/2022
CAPITAL REVENUE			CAPITAL EXPENDITURE
Land Sales			Office of the Prime Minister		5,878,657,000.00
Loan Repayments		96,419,057.05	Ministry of Economic Growth and Job Creation		20,383,298,000.00
Extraordinary Receipts: Miscelleanous		4,348,700,000.00	Ministry of Finance and Public Service		12,415,683,000.00
			Ministry of Housing, Urban Renewal, Environment and Climate Change		309,939,000.00
Subt Total Capital Revenue		4,445,119,057.05	Ministry of National Security		6,480,397,000.00
			Ministry of Justice		520,000,000.00
			Ministry of Labour and Social Security		81,094,000.00
External Loans			Ministry of Education, Youth and Education		1,163,000,000.00
			Ministry of Health and Wellness		2,714,648,000.00
(A) Multilateral			Ministry of Agriculture and Fisheries		1,286,052,000.00
			Ministry of Industry, Investment and Commerce		349,697,000.00
World Bank Loans		7,434,000,000.00	Ministry of Science, Energy and Technology		313,503,000.00
Inter-American Development Bank		14,868,000,000.00	Ministry of Local Government and Rural Development		2,305,350,000.00
USAID		—
Caribbean Development Bank		—
European Union		—
World Bank/IDB		—
IFID		—
OECF/USAID		—
OPEC		—
OECF		—
IMF		—
IBRD		—
Other		—
			GROSS TOTAL		54,201,318,000.00
Total Multilateral		22,302,000,000.00
			Less Appropriations-ln-Aid
(B) Bilateral
			TOTAL CAPITAL EXPENDITURE		54,201,318,000.00
Government of China		—
Government of Germany		—
JBIC		—
Kuwait		—
Saudi		—
PL480		—
Other		18,024,100,000.00
Total Bilateral		18,024,100,000.00
(C) Capital Market
Total External Loans		40,326,100,000.00
Domestic Loans
(D) Benchmark Notes & Treasury Bills		89,979,500,000.00
(E) Other
Total Domestic Loan		89,979,500,000.00
Total External and Domestic Loans		130,305,600,000.00

12

2021-2022 JAMAICA BUDGET

STATEMENT III

Summary of Revenue Estimates and Estimates of Expenditure for the Year 2021-2022

$’000

SUMMARY

REVENUE		EXPENDITURE
Tax and Non Tax Revenue	666,646,488,760.12	Recurrent Estimates	776,579,569,000.00
Capital Revenue	4,445,119,057.05	Capital Estimates	54,201,318,000.00
Transfer from Capital Development Fund	148,700,000.00
Loan Funds ( Raised and to be Raised)	130,305,600,000.00
Grants	5,776,800,000.00
TOTAL RECEIPTS	807,322,707,817.17	TOTAL EXPENDITURE	830,780,887,000.00

13

2021-2022 JAMAICA BUDGET

STATEMENT IV

Statement of the Financing of the Estimates of Expenditure for the Year 2021-2022

REVENUE		EXPENDITURE
Taxation Revenue	572,461,288,759.70	RECURRENT
Non-Tax Revenue	94,185,200,000.42
Transfer from the Capital Development Fund	148,700,000.00	Consolidated Fund Charges	300,088,466,000.00
		Voted Expenditure	476,491,103,000.00
TOTAL	666,795,188,760.12	Current Account Surplus
Current Account Surplus		TOTAL	776,579,569,000.00
Capital Revenue	4,445,119,057.05
Grants	5,776,800,000.00
Loan Funds		CAPITAL EXPENDITURE
(A) External Loans		Consolidated Fund Charges
		Voted Expenditure	54,201,318,000.00
(i) Multilateral	22,302,000,000.00
(ii) Bilateral
(iii) Other	18,024,100,000.00
Total External Loans	40,326,100,000.00
(B) Domestic Loans	89,979,500,000.00
TOTAL LOAN FUNDS	130,305,600,000.00
(C) Utilization of (Prior Year) Cash Balances	23,458,179,182.83
TOTAL	830,780,887,000.00	TOTAL	830,780,887,000.00
			��

14

2021-2022 JAMAICA BUDGET

STATEMENT V

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		273,398,000	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.		17,355,000	Section 47 (8) of the Constitution of Jamaica.
03000	Office of the Public Defender	Salary and Allowances of the Public Defender.		12,530,000	Section 9 of the Public Defender Interim Act 33/1999
05000	Auditor General	Salary of the Auditor General		9,603,000	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.		18,323,000	Section 124 (8) of the Constitution of Jamaica.
07000	Office of the Children’s Advocate	Salary of the Children’s Advocate		12,936,000	The Child Care and Protection Act, First Schedule
08000	Independent Commission of Investigations	Salary of the Commissioner		12,975,000	The Independent Commission of Investigations Act, First Schedule
09000	Integrity Commission	Salaries and Allowances for the Commissioners of the Integrity Commission		30,000,000	Section 22 of the Integrity Commission Act
20017	Public Debt Servicing (Amortisation)	Payment for the amortisation of loans raised by the Government of Jamaica.		146,258,500,000	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.		125,986,706,000	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.		9,779,541,000	Section 4 of the Pensions Act.
		Jamaica Defence Force Pension		2,033,000,000	Defence (Retired, Pay Pensions and other Grants) Regulation, 1962
		Payment of Pensions and Gratuities to Teachers in accordance with the Pensions Act		9,250,000,000	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		4,552,000,000	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.		173,000,000	Section 12 of the Retiring Allowances (Legislative Service) Act and Section 7 of the Pensions (Prime Minister) Act.

15

2021-2022 JAMAICA BUDGET

STATEMENT V

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.		34,800,000	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.		459,000,000	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		83,579,000	Parish Councillors Act 2005
		Payment of Pensions to the retired members of the Electoral Commission and their widows		46,000,000	The Pensions Act
		Payment of Pensions to the retired Ombudsmen and their widows.		5,000,000	The Ombudsman Act
		Governor-General’s Pension		20,600,000	Governor General Act
		Payment of Pensions to the retired Contractor General and his widow in accordance with the Contractor General Act.		26,600,000	The Contractor General Act
		Jamaica Agricultural Society Pensions		6,220,000	Provident Fund Act
		Payment of Pensions to the former employees, Jamaica Railway Corporation.		254,000,000	Jamaica Railway Corporation (Pensions) Regulations
		Total Pensions		26,723,340,000.0
28025	Director of Public Prosecutions	Payment of Salary to the Director of Public Prosecutions		9,100,000.0	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		723,700,000.0	Section 107 (1) of the Constitution of Jamaica
		Total		300,088,466,000.0

16

2021-2022 Jamaica Budget   Estimates of Expenditure (Net of Appropriations-in-Aid)   $ ‘000 Recurrent

Head No. and Title		Actual (Provisional) Expenditure 2019-2020		Approved Estimates 2020-2021		Revised Estimates 2020-2021		Estimates 2021-2022		Projected Estimates 2022-2023		Projected Estimates 2023-2024		Projected Estimates 2024-2025
01000	His Excellency the Governor General and Staff		290,111.0		409,774.0		345,091.0		365,934.0		381,184.0		397,202.0		414,031.0
02000	Houses of Parliament		1,104,039.0		1,173,269.0		1,191,931.0		1,293,275.0		1,305,604.0		1,332,764.0		1,360,851.0
03000	Office of the Public Defender		143,650.0		131,096.0		151,873.0		157,771.0		160,718.0		163,789.0		166,990.0
05000	Auditor General		905,108.0		1,023,764.0		896,283.0		933,587.0		939,766.0		964,263.0		989,713.0
06000	Office of the Services Commissions		292,111.0		353,172.0		331,735.0		371,134.0		344,856.0		351,813.0		358,985.0
07000	Office of the Children’s Advocate		201,331.0		207,234.0		190,470.0		202,377.0		212,959.0		218,491.0		224,286.0
08000	Independent Commission of Investigations		478,775.0		500,715.0		526,224.0		545,570.0		530,701.0		543,830.0		557,510.0
09000	Integrity Commission		712,950.0		766,749.0		923,650.0		923,650.0		874,630.0		903,287.0		933,400.0
15000	Office of the Prime Minister		6,897,823.0		9,765,247.0		8,399,825.0		6,061,831.0		6,330,427.0		6,611,991.0		6,871,001.0
15010	Jamaica Information Service		697,424.0		744,027.0		636,563.0		645,506.0		663,472.0		682,414.0		702,743.0
15020	Registrar General’s Department and Island Records Office		143,770.0		388,603.0		417,603.0		614,065.0		398,843.0		399,145.0		408,882.0
	Total Office of the Prime Minister and Departments		7,739,017.0		10,897,877.0		9,453,991.0		7,321,402.0		7,392,742.0		7,693,550.0		7,982,626.0
16000	Office of the Cabinet		478,504.0		521,861.0		501,948.0		509,457.0		522,341.0		536,326.0		552,468.0
16049	Management Institute for National Development		225,234.0		261,676.0		261,676.0		268,218.0		274,923.0		281,796.0		288,841.0
	Total Office of the Cabinet and Departments		703,738.0		783,537.0		763,624.0		777,675.0		797,264.0		818,122.0		841,309.0
17000	Ministry of Tourism		11,525,361.0		12,513,319.0		10,910,790.0		10,914,460.0		11,556,768.0		12,168,547.0		12,797,628.0
19000	Ministry of Economic Growth and Job Creation		10,176,433.0		7,637,440.0		7,537,701.0		8,272,995.0		6,002,422.0		6,264,210.0		6,543,556.0
19046	Forestry Department		1,078,318.0		1,098,001.0		487,206.0		—		—		—		—
19047	National Land Agency		766,552.0		798,878.0		737,571.0		783,237.0		807,200.0		832,010.0		857,701.0
19048	National Environment and Planning Agency		1,073,382.0		1,127,034.0		1,073,219.0		1,091,060.0		1,108,299.0		1,141,623.0		1,177,267.0
19050	National Works Agency		746,573.0		802,848.0		800,493.0		819,968.0		839,930.0		860,391.0		881,363.0
	Total Ministry of Economic Growth and Job Creation and Departments		13,841,258.0		11,464,201.0		10,636,190.0		10,967,260.0		8,757,851.0		9,098,234.0		9,459,887.0
20000	Ministry of Finance and the Public Service		62,055,725.0		62,923,272.0		74,583,090.0		52,958,547.0		53,826,374.0		88,019,755.0		123,645,206.0
20011	Accountant General’s Department		811,977.0		1,489,614.0		1,075,129.0		1,352,960.0		1,168,537.0		1,220,082.0		1,274,437.0
20017	Public Debt Servicing (Amortisation)		178,526,446.0		155,189,700.0		158,555,588.0		146,258,500.0		167,145,704.0		119,630,789.0		263,931,887.0
20018	Public Debt Servicing (Interest Payments)		139,131,084.0		132,654,211.0		136,253,047.0		125,986,706.0		129,294,936.0		127,001,792.0		122,970,461.0

17

2021-2022 Jamaica Budget   Estimates of Expenditure (Net of Appropriations-in-Aid)   $ ‘000 Recurrent

Head No. and Title		Actual (Provisional) Expenditure 2019-2020		Approved Estimates 2020-2021		Revised Estimates 2020-2021		Estimates 2021-2022		Projected Estimates 2022-2023		Projected Estimates 2023-2024		Projected Estimates 2024-2025
20019	Pensions		35,364,495.0		38,587,849.0		36,587,849.0		38,106,556.0		42,421,152.0		44,431,194.0		45,557,218.0
20056	Tax Administration Jamaica		11,512,451.0		12,806,214.0		12,765,614.0		12,445,614.0		13,067,895.0		13,721,289.0		14,407,354.0
	Total Ministry of Finance and the Public Service and Departments		427,402,178.0		403,650,860.0		419,820,317.0		377,108,883.0		406,924,598.0		394,024,901.0		571,786,563.0
21000	Ministry of Housing, Urban Renewal, Environment and Climate Change		—		—		746,431.0		1,622,970.0		1,669,592.0		1,712,078.0		1,756,674.0
21046	Forestry Department		—		—		538,321.0		1,085,879.0		966,514.0		992,345.0		1,062,790.0
	Total Ministry of Housing, Urban Renewal, Environment and Climate Change and Departments		—		—		1,284,752.0		2,708,849.0		2,636,106.0		2,704,423.0		2,819,464.0
26000	Ministry of National Security		27,078,107.0		26,847,250.0		28,448,704.0		30,412,810.0		29,850,929.0		30,774,584.0		31,737,457.0
26022	Police Department		40,953,519.0		41,502,749.0		42,285,333.0		40,973,650.0		41,927,079.0		42,863,211.0		43,836,512.0
26024	Department of Correctional Services		8,076,526.0		8,477,865.0		8,556,364.0		8,413,524.0		8,633,507.0		8,862,342.0		9,100,440.0
26053	Passport, Immigration and Citizenship Agency		28,811.0		331,001.0		889,501.0		844,276.0		557,883.0		571,830.0		586,126.0
26057	Institute of Forensic Science and Legal Medicine		811,315.0		847,489.0		760,733.0		858,260.0		901,105.0		945,106.0		991,484.0
	Total Ministry of National Security and Departments		76,948,278.0		78,006,354.0		80,940,635.0		81,502,520.0		81,870,503.0		84,017,073.0		86,252,019.0
28000	Ministry of Justice		1,994,675.0		2,190,109.0		2,016,694.0		2,205,448.0		2,462,225.0		2,538,979.0		2,560,696.0
28025	Director of Public Prosecutions		481,126.0		536,152.0		476,240.0		477,511.0		488,710.0		500,302.0		512,130.0
28030	Administrator General		317,177.0		333,389.0		333,389.0		370,356.0		378,992.0		388,212.0		397,255.0
28031	Attorney General’s Chambers		1,025,846.0		1,173,197.0		1,249,281.0		1,156,203.0		1,203,593.0		1,257,427.0		1,314,001.0
28033	Office of the Parliamentary Counsel		135,217.0		183,020.0		121,215.0		135,098.0		140,129.0		145,626.0		151,019.0
28052	Legal Reform Department		88,841.0		101,178.0		73,016.0		82,265.0		85,157.0		88,169.0		91,306.0
28058	Judiciary		4,362,406.0		4,614,163.0		4,198,811.0		4,676,768.0		4,423,565.0		4,555,666.0		4,690,424.0
	Total Ministry of Justice and Departments		8,405,288.0		9,131,208.0		8,468,646.0		9,103,649.0		9,182,371.0		9,474,381.0		9,716,831.0
30000	Ministry of Foreign Affairs and Foreign Trade		4,996,749.0		4,956,044.0		4,457,129.0		4,475,380.0		4,582,080.0		4,693,903.0		4,810,611.0
40000	Ministry of Labour and Social Security		2,997,379.0		5,085,367.0		4,035,986.0		13,652,216.0		14,500,019.0		15,837,211.0		16,064,863.0
41000	Ministry of Education, Youth and Information		109,465,808.0		114,149,509.0		110,053,814.0		114,502,724.0		116,585,261.0		118,411,014.0		120,301,612.0
41051	Child Protection and Family Services Agency		2,763,338.0		2,923,487.0		2,868,082.0		2,890,277.0		3,000,636.0		3,116,341.0		3,243,849.0
	Total Ministry of Education, Youth and Information and Departments		112,229,146.0		117,072,996.0		112,921,896.0		117,393,001.0		119,585,897.0		121,527,355.0		123,545,461.0
42000	Ministry of Health and Wellness		68,345,615.0		72,166,061.0		78,897,495.0		84,600,588.0		86,134,876.0		86,877,956.0		80,529,165.0

18

2021-2022 Jamaica Budget   Estimates of Expenditure (Net of Appropriations-in-Aid)   $ ‘000 Recurrent

Head No. and Title		Actual (Provisional) Expenditure 2019-2020		Approved Estimates 2020-2021		Revised Estimates 2020-2021		Estimates 2021-2022		Projected Estimates 2022-2023		Projected Estimates 2023-2024		Projected Estimates 2024-2025
42034	Bellevue Hospital		1,866,613.0		1,905,496.0		1,860,122.0		1,896,665.0		1,919,771.0		1,976,307.0		2,034,219.0
42035	Government Chemist		64,205.0		68,700.0		60,584.0		61,395.0		63,517.0		65,733.0		68,108.0
	Total Ministry of Health and Wellness and Departments		70,276,433.0		74,140,257.0		80,818,201.0		86,558,648.0		88,118,164.0		88,919,996.0		82,631,492.0
46000	Ministry of Culture, Gender, Entertainment and Sport		4,245,039.0		4,568,375.0		3,819,929.0		3,649,902.0		3,784,543.0		3,921,920.0		4,069,039.0
50000	Ministry of Industry, Commerce, Agriculture and Fisheries		10,277,954.0		10,661,824.0		5,345,320.0		—		—		—		—
50038	Companies Office of Jamaica		14,019.0		—		—		—		—		—		—
	Total Ministry of Industry, Commerce, Agriculture and Fisheries and Departments		10,291,973.0		10,661,824.0		5,345,320.0		—		—		—		—
51000	Ministry of Agriculture and Fisheries		—		—		4,431,297.0		8,358,456.0		8,648,429.0		8,952,488.0		9,271,306.0
53000	Ministry of Industry, Investment and Commerce		—		—		1,462,595.0		3,388,968.0		3,235,113.0		3,353,271.0		3,480,259.0
56000	Ministry of Science, Energy and Technology		4,415,085.0		4,958,193.0		5,939,083.0		6,010,587.0		4,658,375.0		4,592,015.0		4,880,864.0
56039	Post and Telecommunications Department		2,051,525.0		2,315,474.0		2,195,960.0		2,234,490.0		2,296,585.0		2,360,934.0		2,427,630.0
	Total Ministry of Science, Energy and Technology and Departments		6,466,610.0		7,273,667.0		8,135,043.0		8,245,077.0		6,954,960.0		6,952,949.0		7,308,494.0
68000	Ministry of Transport and Mining		12,194,816.0		11,018,619.0		12,019,615.0		11,496,748.0		12,208,961.0		12,847,072.0		13,519,907.0
72000	Ministry of Local Government and Rural Development		13,401,673.0		13,474,782.0		14,019,669.0		14,163,177.0		13,674,675.0		13,950,866.0		13,297,392.0
Total Recurrent			787,793,011.0		779,265,060.0		798,302,882.0		776,579,569.0		809,161,462.0		805,831,701.0		984,660,917.0

19

	2021-2022 Jamaica Budget
	Estimates of Expenditure (Net of Appropriations-in-Aid)	Capital
	$ ‘000

Head No. and Title		Actual (Provisional) Expenditure 2019-2020		Approved Estimates 2020-2021		Revised Estimates 2020-2021		Estimates 2021-2022		Projected Estimates 2022-2023		Projected Estimates 2023-2024		Projected Estimates 2024-2025
15000	Office of the Prime Minister		4,114,058.0		6,566,215.0		4,430,563.0		5,878,657.0		3,833,652.0		3,055,990.0		1,381,700.0
16000	Office of the Cabinet		691,390.0		91,258.0		91,258.0		—		—		—		—
17000	Ministry of Tourism		—		—		—		—		—		—		—
19000	Ministry of Economic Growth and Job Creation		23,912,756.0		22,355,858.0		14,014,495.0		20,383,298.0		29,864,774.0		19,124,513.0		1,679,182.0
20000	Ministry of Finance and the Public Service		2,821,843.0		7,856,135.0		3,428,153.0		12,415,683.0		7,825,118.0		37,502,054.0		88,441,297.0
21000	Ministry of Housing, Urban Renewal, Environment and Climate Change		—		—		231,393.0		309,939.0		65,000.0		—		—
26000	Ministry of National Security		19,556,576.0		15,953,840.0		9,697,819.0		6,480,397.0		5,713,415.0		3,500,000.0		500,000.0
28000	Ministry of Justice		960,419.0		941,500.0		563,375.0		520,000.0		—		—		—
40000	Ministry of Labour and Social Security		8,146,307.0		8,596,012.0		13,093,521.0		81,094.0		—		—		—
41000	Ministry of Education, Youth and Information		1,216,223.0		1,480,478.0		633,292.0		1,163,000.0		1,350,000.0		—		—
42000	Ministry of Health and Wellness		5,154,497.0		3,903,604.0		2,938,452.0		2,714,648.0		7,907,602.0		6,144,686.0		882,739.0
46000	Ministry of Culture, Gender, Entertainment and Sport		25,457.0		25,184.0		31,784.0		—		—		—		—
50000	Ministry of Industry, Commerce, Agriculture and Fisheries		2,279,340.0		3,519,016.0		578,389.0		—		—		—		—
51000	Ministry of Agriculture and Fisheries		—		—		1,137,154.0		1,286,052.0		4,252,870.0		2,364,905.0		—
53000	Ministry of Industry, Investment and Commerce		—		—		197,332.0		349,697.0		810,230.0		810,230.0		—
56000	Ministry of Science, Energy and Technology		358,776.0		696,804.0		223,732.0		313,503.0		1,167,666.0		1,250,000.0		—
68000	Ministry of Transport and Mining		500.0		—		—		—		—		—		—
72000	Ministry of Local Government and Rural Development		2,040,478.0		2,217,356.0		735,705.0		2,305,350.0		300,000.0		—		—
Total Capital			71,278,620.0		74,203,260.0		52,026,417.0		54,201,318.0		63,090,327.0		73,752,378.0		92,884,918.0
Total Capital (AB)			71,278,620.0		74,203,260.0		52,026,417.0		54,201,318.0		63,090,327.0		73,752,378.0		92,884,918.0
Grand Total Recurrent and Capital			859,071,631.0		853,468,320.0		850,329,299.0		830,780,887.0		872,251,789.0		879,584,079.0		1,077,545,835.0

20

	2021-2022 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		273,398.0		94,791.0		2,255.0		92,536.0		365,934.0
02000	Houses of Parliament		17,355.0		1,275,920.0		—		1,275,920.0		1,293,275.0
03000	Office of the Public Defender		12,530.0		145,241.0		—		145,241.0		157,771.0
05000	Auditor General		9,603.0		928,984.0		5,000.0		923,984.0		933,587.0
06000	Office of the Services Commissions		18,323.0		352,811.0		—		352,811.0		371,134.0
07000	Office of the Children’s Advocate		12,936.0		189,441.0		—		189,441.0		202,377.0
08000	Independent Commission of Investigations		12,975.0		678,313.0		145,718.0		532,595.0		545,570.0
09000	Integrity Commission		30,000.0		893,650.0		—		893,650.0		923,650.0
15000	Office of the Prime Minister		—		6,106,831.0		45,000.0		6,061,831.0		6,061,831.0
15010	Jamaica Information Service		—		752,969.0		107,463.0		645,506.0		645,506.0
15020	Registrar General’s Department and Island Records		—		1,290,330.0		676,265.0		614,065.0		614,065.0
	Total Office of the Prime Minister and Departments		—		8,150,130.0		828,728.0		7,321,402.0		7,321,402.0
16000	Office of the Cabinet		—		509,457.0		—		509,457.0		509,457.0
16049	Management Institute for National Development		—		532,218.0		264,000.0		268,218.0		268,218.0
	Total Office of the Cabinet and Departments		—		1,041,675.0		264,000.0		777,675.0		777,675.0
17000	Ministry of Tourism		—		10,971,360.0		56,900.0		10,914,460.0		10,914,460.0
19000	Ministry of Economic Growth and Job Creation		—		8,391,876.0		118,881.0		8,272,995.0		8,272,995.0
19047	National Land Agency		—		3,257,518.0		2,474,281.0		783,237.0		783,237.0
19048	National Environment and Planning Agency		—		1,191,344.0		100,284.0		1,091,060.0		1,091,060.0
19050	National Works Agency		—		2,388,472.0		1,568,504.0		819,968.0		819,968.0
	Total Ministry of Economic Growth and Job Creation and Departments		—		15,229,210.0		4,261,950.0		10,967,260.0		10,967,260.0
20000	Ministry of Finance and the Public Service		—		53,067,547.0		109,000.0		52,958,547.0		52,958,547.0
20011	Accountant General’s Department		—		1,352,960.0		—		1,352,960.0		1,352,960.0
20012	Jamaica Customs Agency		—		11,714,854.0		11,714,854.0		—		0.0
20017	Public Debt Servicing (Amortisation)		146,258,500.0		—		—		—		146,258,500.0

21

	2021-2022 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)
20018	Public Debt Servicing (Interest Payments)		125,986,706.0		—			—		—		125,986,706.0
20019	Pensions		26,723,340.0		11,383,216.0			—		11,383,216.0		38,106,556.0
20056	Tax Administration Jamaica		—		12,445,614.0			—		12,445,614.0		12,445,614.0
	Total Ministry of Finance and the Public Service and Departments		298,968,546.0		89,964,191.0			11,823,854.0		78,140,337.0		377,108,883.0
21000	Ministry of Housing, Urban Renewal, Environment		—		1,893,011.0			270,041.0		1,622,970.0		1,622,970.0
21046	Forestry Department		—		1,095,879.0			10,000.0		1,085,879.0		1,085,879.0
	Total Ministry of Housing, Urban Renewal, Environment and Climate Change and Departments		—		2,988,890.0			280,041.0		2,708,849.0		2,708,849.0
26000	Ministry of National Security		—		31,120,978.0			708,168.0		30,412,810.0		30,412,810.0
26022	Police Department		—		41,423,650.0			450,000.0		40,973,650.0		40,973,650.0
26024	Department of Correctional Services		—		8,413,524.0			—		8,413,524.0		8,413,524.0
26053	Passport, Immigration and Citizenship Agency		—		2,561,705.0			1,717,429.0		844,276.0		844,276.0
26057	Institute of Forensic Science and Legal Medicine		—		858,260.0			—		858,260.0		858,260.0
	Total Ministry of National Security and Departments		—		84,378,117.0			2,875,597.0		81,502,520.0		81,502,520.0
28000	Ministry of Justice		—		2,363,398.0			157,950.0		2,205,448.0		2,205,448.0
28025	Director of Public Prosecutions		9,100.0		468,411.0			—		468,411.0		477,511.0
28030	Administrator General		—		617,501.0			247,145.0		370,356.0		370,356.0
28031	Attorney General’s Chambers		—		1,156,203.0	��		—		1,156,203.0		1,156,203.0
28033	Office of the Parliamentary Counsel		—		135,098.0			—		135,098.0		135,098.0
28052	Legal Reform Department		—		82,265.0			—		82,265.0		82,265.0
28058	Judiciary		723,700.0		3,953,068.0			—		3,953,068.0		4,676,768.0
	Total Ministry of Justice and Departments		732,800.0		8,775,944.0			405,095.0		8,370,849.0		9,103,649.0
30000	Ministry of Foreign Affairs and Foreign Trade		—		4,595,380.0			120,000.0		4,475,380.0		4,475,380.0
40000	Ministry of Labour and Social Security		—		13,652,216.0			—		13,652,216.0		13,652,216.0
41000	Ministry of Education, Youth and Information		—		114,902,724.0			400,000.0		114,502,724.0		114,502,724.0
41051	Child Protection and Family Services Agency		—		2,891,627.0			1,350.0		2,890,277.0		2,890,277.0
	Total Ministry of Education, Youth and Information and Departments		—		117,794,351.0			401,350.0		117,393,001.0		117,393,001.0

22

	2021-2022 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)
42000	Ministry of Health and Wellness		—		85,166,294.0		565,706.0		84,600,588.0		84,600,588.0
42034	Bellevue Hospital		—		1,896,665.0		—		1,896,665.0		1,896,665.0
42035	Government Chemist		—		61,395.0		—		61,395.0		61,395.0
	Total Ministry of Health and Wellness and Departments		—		87,124,354.0		565,706.0		86,558,648.0		86,558,648.0
46000	Ministry of Culture, Gender, Entertainment and		—		3,929,343.0		279,441.0		3,649,902.0		3,649,902.0
51000	Ministry of Agriculture and Fisheries		—		9,652,912.0		1,294,456.0		8,358,456.0		8,358,456.0
53000	Ministry of Industry, Investment and Commerce		—		3,561,759.0		172,791.0		3,388,968.0		3,388,968.0
53038	Companies Office of Jamaica		—		604,026.0		604,026.0		—		0.0
	Total Ministry of Industry, Investment and Commerce and Departments		—		4,165,785.0		776,817.0		3,388,968.0		3,388,968.0
56000	Ministry of Science, Energy and Technology		—		6,783,465.0		772,878.0		6,010,587.0		6,010,587.0
56039	Post and Telecommunications Department		—		2,958,953.0		724,463.0		2,234,490.0		2,234,490.0
	Total Ministry of Science, Energy and Technology and Departments		—		9,742,418.0		1,497,341.0		8,245,077.0		8,245,077.0
68000	Ministry of Transport and Mining		—		11,934,479.0		437,731.0		11,496,748.0		11,496,748.0
72000	Ministry of Local Government and Rural		—		17,372,589.0		3,209,412.0		14,163,177.0		14,163,177.0
	Total Recurrent		300,088,466.0		506,022,495.0		29,531,392.0		476,491,103.0		776,579,569.0

23

	2021-2022 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		—		5,878,657.0		—		5,878,657.0		5,878,657.0
19000	Ministry of Economic Growth and Job Creation		—		20,383,298.0		—		20,383,298.0		20,383,298.0
20000	Ministry of Finance and the Public Service		—		12,415,683.0		—		12,415,683.0		12,415,683.0
21000	Ministry of Housing, Urban Renewal, Environment		—		309,939.0		—		309,939.0		309,939.0
26000	Ministry of National Security		—		6,480,397.0		—		6,480,397.0		6,480,397.0
28000	Ministry of Justice		—		520,000.0		—		520,000.0		520,000.0
40000	Ministry of Labour and Social Security		—		81,094.0		—		81,094.0		81,094.0
41000	Ministry of Education, Youth and Information		—		1,163,000.0		—		1,163,000.0		1,163,000.0
42000	Ministry of Health and Wellness		—		2,714,648.0		—		2,714,648.0		2,714,648.0
51000	Ministry of Agriculture and Fisheries		—		1,286,052.0		—		1,286,052.0		1,286,052.0
53000	Ministry of Industry, Investment and Commerce		—		349,697.0		—		349,697.0		349,697.0
56000	Ministry of Science, Energy and Technology		—		313,503.0		—		313,503.0		313,503.0
72000	Ministry of Local Government and Rural		—		2,305,350.0		—		2,305,350.0		2,305,350.0
	Total Capital		—		54,201,318.0		—		54,201,318.0		54,201,318.0
	Grand Total Recurrent and Capital		300,088,466.0		560,223,813.0		29,531,392.0		530,692,421.0		830,780,887.0

24

GOVERNMENT OF JAMAICA

FINANCIAL STATEMENTS OF THE CONSOLIDATED FUND

Statement I - Receipts and Payments of the Consolidated Fund

Year Ended March 31, 2021

(Expressed in Jamaican dollars unless otherwise specified)

	Notes		2021 J$ 000		2020 J$‘000
RECEIPTS
RECURRENT REVENUE
Taxation Revenue				496,558,604		580,157,680
Non-Tax Revenue				62,316,192		72,109,646
				558,874,796		652,267,326
CAPITAL REVENUE
Loans				1,023,337		856,875
Extraordinary Receipts (incl. Grants)				3,247,400		4,406,561
Other Grants: Petrocaribe Development Fund				3,184,628		88,474,228
Other Grants				3,406,349		507,010
				10,861,714		94,244,674
DOMESTIC LOANS
Benchmark Notes				143,789,182		53,613,997
EXTERNAL LOANS
Multilateral				46,624,000		26,459,282
Bilateral				8,143,003		5,746,647
Capital Markets				0		20,508,349
				54,767,003		52,714,278
OTHER RECEIPTS
Unrealized foreign exchange gains				3,475,613		5,028,499
Treasury Bill Issued				22,303,697		21,471,574
Surrender Balance				5,620,133		10,810,709
Other				345		2,627
Cash Balance as at April 1		1.1		111,160,908		70,087,771
				142,560,696		107,401,180
Total				910,853,391		960,241,455

25

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

			2021		2020
	Notes		$’000		J$’000
RECURRENT EXPENDITURE
Statutory Expenditure				292,528,864		305,997,385
Voted Expenditure				471,958,558		442,888,335
				764,487,422		748,885,720
CAPITAL EXPENDITURE
Voted Expenditure				50,276,439		70,677,178
				50,276,439		70,677,178
OTHER PAYMENTS
Treasury Bills Redeemed				22,239,529		20,909,582
Other Payments				306		8,111,710
Refund from the Central Payment Account		1.3		235,707		496,357
Cash Balance as at March 31		1.2		73,613,988		111,160,908
				96,089,530		140,678,557
Total				910,853,391		960,241,455

Anya Jones, FCCA

Accountant General

26

GOVERNMENT OF JAMAICA

FINANCIAL STATEMENTS OF THE CONSOLIDATED FUND

Statement II - Statement of Financing

Year Ended March 31, 2021

(Expressed in Jamaican dollars unless otherwise specified)

			2021			2020
	Notes		$‘000			$‘000
RECURRENT ACCOUNT
Recurrent Revenue				558,874,796			652,267,326
Recurrent Expenditure				(764,487,422	)		(748,885,720	)
				(205,612,626	)		(96,618,394
Miscellaneous Charges				(289	)		(8,109,082	)
Balances Surrendered				5,620,133			10,810,709
(Deficit)/Surplus				(199,992,782	)		(93,916,767	)
CAPITAL ACCOUNT
Capital Revenue				10,861,715			94,244,674
Capital Transfers				0			0
Capital Expenditure				(50,276,439	)		(70,677,178	)
Deficit				(39,414,724	)		23,567,496
Net (Deficit)				(239,407,506	)		(70,349,271	)
Net Treasury Bills Issued				64,168			561,991
Financing Requirement				(239,343,338	)		(69,787,280	)
Financing
Domestic Notes				143,789,182			53,613,997
External Borrowing				54,767,003			52,714,278
				198,556,185			106,328,275
Net Surplus/(Deficit)		2.1		(40,787,153	)		36,540,995
Financed From:
Opening Cash Balance at April 1		1.1		111,160,908			70,087,771
Refund from the Central Payment Account		1.3		(235,707	)		(496,357	)
Other				327			0
Unrealized foreign exchange gains				3,475,613			5,028,499
Closing Cash Balance at March 31		1.2		73,613,988			111,160,908

27

GOVERNMENT OF JAMAICA

FINANCIAL STATEMENTS OF THE CONSOLIDATED FUND

Statement III - Revenue Estimates Compared with Consolidated Fund Receipts

Year Ended March 31, 2021

(Expressed in Jamaican dollars unless otherwise specified)

			Estimates		Receipt		Estimates		Receipt
			2021		2021		2020		2020
	Notes		$‘000		$‘000		$‘000		$‘000
Tax Revenue:
Customs				47,155,955		40,140,475		44,681,246		45,263,673
Income Tax				167,116,337		155,516,911		158,263,713		162,142,656
Stamp Duties				8,383,250		6,827,628		7,105,745		8,870,541
Motor Vehicle Licences				4,919,511		4,597,383		4,449,579		4,810,753
Other Licences				357,271		60,839		197,328		39,109
Travel Tax				22,511,840		5,603,991		21,785,865		21,850,019
Betting, Gaming and Lotteries				6,730,427		6,502,655		5,794,427		6,807,900
Education Tax				34,449,109		29,080,131		31,871,427		32988,086
Contractors Levy				2,463,061		1,663,640		2,759,591		2,186,809
General Consumption Tax				199,718,340		165,695,094		199,266,689		202,206,859
Special Consumption Tax				83,348,269		69,749,096		79,660,799		80,227,843
Environmental Levy				4,443,290		4,135,319		4,292,080		4,097,249
Telephone Call Tax				2,510,240		3,509,641		2,120,336		3,677,295
Guest Accommodation Room Tax				3,115,381		683,727		2,930,778		2,968,722
Minimum Business Tax				0		123,922		0		294,038
Quarry Tax				84,215		93,800		63,611		83,998
Import Licences-Trade Board				345,294		264,944		329,688		351,476
Telecommunication Licences				1,155,435		2,305,254		305,407		1,282,699
Hotel Licence Duty				0		4,154		0		7,955
Total Tax Revenue		3.1		588,807,225		496,558,604		565,878,309		580,157,680
Non-Tax Revenue		3.2		67,290,901		62,316,192		59,608,512		72,109,646
TOTAL RECURRENT REVENUE				656,098,126		558,874,796		625,486,821		652,267,326

28

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

			Estimates		Receipt			Estimates		Receipt
			2021		2021			2020		2020
	Notes		$‘000		$‘000			$‘000		$‘000
Capital Revenue
Land Sales				214,422		0			36,323		0
Loan Repayments				121,578		1,023,337			3,083,500		856,875
Grants				1,350,324		3,406,349			5,635,485		4,913,571
Other Grants-Petrocaribe
Development Fund				32,193,000		3,184,628			18,552,944		88,474,228
Miscellaneous Grants				2,987,000		3,247,400			0		0
Total Capital Revenue		3.3		36,866,324		10,861,714			27,308,252		94,244,674
Capital Transfers				135,700		0	��		130,900		0
Total Capital and Recurrent Revenue				693,100,150		569,736,510			652,925,973		746,512,000
LOAN RECEIPTS
External Loans:
Multilateral				26,433,930		46,624,000			46,254,300		26,459,282
Bilateral				7,944,570		8,143,003			0		5,746,647
Capital Markets				0		0			0		20,508,349
Total External Loan Receipts		3.4		34,378,500		54,767,003			46,254,300		52,714,278
Domestic Loans:
Local Commercial Banking Sector:
Benchmark Notes				86,824,430		143,789,182			34,882,100		53,613,997
Treasury Bills		4.4		22,400,000		22,303,697			21,600,000		21,471,574
Total Domestic Loans		3.5		109,224,430		166,092,879			56,482,100		75,085,571
Total Loan Receipts				143,602,930		220,859,882			102,736,400		127,799,849
Surrendered Balances		3.6		0		5,620,133			0		10,810,709
Credit Interest				0		328			0		183
TOTAL REVENUE				836,703,080		796,216,853			755,662,373		885,122,741

29

GOVERNMENT OF JAMAICA

FINANCIAL STATEMENTS OF THE CONSOLIDATED FUND

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

Year Ended March 31, 2021

(Expressed in Jamaican dollars unless otherwise specified)

			Estimates		Issues		Estimates		Issues
			2021		2021		2020		2020
	Notes		$‘000		$‘000		$‘000		$‘000
RECURRENT EXPENDITURE
Statutory Recurrent Expenditure
Public Debt Charges				136,253,047		129,098,557		139,131,084		131,621,568
Public Debt Servicing (Amortization)				136,866,308		136,893,065		157,669,685		148,532,300
Other Statutory Expenditure				26,570,962		26,537,242		25,938,329		25,843,517
Total Statutory Recurrent		4.1		299,690,317		292,528,864		322,739,098		305,997,385
Voted Expenditure
His Excellency the Governor-General & Staff				91,842		87,920		74,137		74,137
Houses of Parliament				1,175,000		1,152,292		1,088,467		1,057,911
Office of the Public Defender				137,138		137,138		129,591		126,191
Auditor General				887,008		844,792		896,075		827,793
Office of the Services Commissions				313,415		290,264		281,791		279,963
Office of the Children’s Advocate				177,534		170,079		188,395		179,632
Independent Commission of Investigations				508,960		497,199		465,652		456,812
Integrity Commission				889,650		606,278		573,770		573,770
Office of The Prime Minister				9,453,991		9,453,991		7,739,017		7,634,171
Office of The Cabinet				763,624		745,201		703,738		701,181
Ministry of Tourism				10,910,790		10,896,735		11,525,361		11,525,361
Ministry of Economic Growth and Job Creation				10,636,190		10,636,190		13,841,258		13,822,745
Ministry of Finance and the Public Service				99,542,159		96,155,082		84,978,204		84,317,424
Ministry of Housing, Urban Renewal, Environment and Climate Change				1,284,752		1,058,905		0		0
Ministry of National Security				80,940,635		80,940,635		76,948,278		76,948,278
Ministry of Justice				7,743,917		7,575,478		7,663,600		7,639,584
Ministry of Foreign Affairs and Foreign Trade				4,457,129		4,457,129		4,996,749		4,996,749

30

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

			Estimates		Issues		Estimates		Issues
			2021		2021		2020		2020
	Notes		$‘000		$‘000		$‘000		$‘000
Ministry of Labour and Social Security				4,035,986		3,963,086		2,997,379		2,895,435
Ministry of Education, Youth and Information				112,921,896		112,905,234		112,229,146		112,202,348
Ministry of Health				80,818,201		80,815,286		70,276,433		70,253,445
Ministry of Culture, Gender, Entertainment and Sport				3,819,929		3,463,017		4,245,039		4,104,988
Ministry of Industry, Commerce, Agriculture and Fisheries				5,345,320		5,345,320		10,291,973		10,291,973
Ministry of Agriculture and Fisheries				4,431,297		4,431,297		0		0
Ministry of Industry, Investment & Commerce				1,462,595		1,462,595		0		0
Ministry of Science, Energy & Technology				5,939,083		5,728,006		4,415,085		4,415,085
Post and Telecommunication Dept.				2,195,960		2,173,752		2,051,525		2,051,525
Ministry of Transport and Mining				12,019,615		12,019,615		12,194,816		12,194,816
Ministry of Local Govt. and Community
Development				14,019,669		13,946,042		13,401,673		13,317,018
Total Voted Recurrent		4.2		476,923,285		471,958,558		444,197,152		442,888,335
Total Recurrent				776,613,602		764,487,422		766,936,250		748,885,720
Voted Capital Expenditure
Office of The Prime Minister				4,430,563		3,711,444		4,114,058		4,072,951
Office of The Cabinet				91,258		90,769		691,390		677,073
Ministry of Economic Growth and Job Creation				14,014,495		13,898,307		23,912,756		23,804,441
Ministry of Finance and the Public Service				3,428,153		3,425,138		2,821,843		2,724,146
Ministry of Housing, Urban Renewal, Environment and Climate Change				231,393		68,233		0		0
Ministry of National Security				9,697,819		9,697,819		19,556,576		19,556,576
Ministry of Justice				563,375		527,117		960,419		901,800
Ministry of Labour and Social Security				13,093,521		13,058,115		8,146,307		8,146,307
Ministry of Education, Youth and Information				633,292		568,748		1,216,223		1,133,852
Ministry of Health				2,938,452		2,692,524		5,154,497		5,115,120
Ministry of Culture, Gender, Entertainment and Sport				31,784		31,784		25,457		0
Ministry of Industry, Commerce, Agriculture & Fisheries				578,389		578,389		2,279,340		2,251,335

31

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

			Estimates		Issues		Estimates		Issues
			2021		2021		2020		2020
	Notes		$‘000		$‘000		$‘000		$‘000
Ministry of Agriculture and Fisheries				1,137,154		933,134		0		0
Ministry of Industry, Investment and Commerce				197,332		148,949		0		0
Ministry of Science, Energy and Technology				223,732		171,137		358,776		314,030
Ministry of Transport & Mining				0		0		500		221
Ministry of Local Government and Rural Development				735,705		674,832		2,040,478		1,979,326
Total Voted		4.3		52,026,417		50,276,439		71,278,620		70,677,178
Total Capital				52,026,417		50,276,439		228,948,305		219,209,478
Total Recurrent and Capital				828,640,019		814,763,861		838,214,870		819,562,898
Treasury Bills Redeemed		4.4		21,689,280		22,239,529		20,856,761		20,909,582
Total Issues from the Consolidated Fund				850,329,299		837,003,390		859,071,631		840,472,480

32

GOVERNMENT OF JAMAICA

FINANCIAL STATEMENTS OF THE CONSOLIDATED FUND

Statement V - Statement of Consolidated Fund Balances

Year Ended March 31, 2021

(Expressed in Jamaican dollars unless otherwise specified)

	Notes		2021			2021			2020			2020
			$’000			$’000			$’000			$’000
GENERAL REVENUE BALANCES
A. RECURRENT REVENUE
Recurrent Revenue				558,874,796						652,267,326
Recurrent Expenditure				(764,487,422	)					(748,885,720	)
Net Recurrent Revenue							(205,612,626	)					(96,618,394	)
B. CAPITAL REVENUE
Capital Revenue				10,861,715						94,244,674
Capital Transfers				0						0
				10,861,715						94,244,674
C. LOAN FUND BALANCES
(i) Long Term Loans:
(a) External Loans Raised				54,767,003						52,714,278
(b) Internal Loans Raised				143,789,182						53,613,997
				198,556,185						106,328,275
Capital Revenue & Loan Fund Balances (B+C)				209,417,900						200,572,949
Capital Expenditure				(50,276,439	)					(70,677,178	)
Deficit on Capital Transactions & Loan Receipt							159,141,461						129,895,771
Total Deficit Capital + Recurrent							(46,471,165	)					33,277,377
Add:
(i) Net Treasury Bills Issued				64,168						561,991
(ii) Opening Cash Balance				111,160,908						70,087,771
(iii) Other payments				(290	)					(8,111,710	)
(iv) Other receipts				328						2,628
(v) Unrealized foreign exchange gains				3,475,613						5,028,499
(vi) Refund from the Central Payment Account				(235,707	)					(496,357	)
(vii) Surrendered Balances				5,620,133						10,810,709
							120,085,153						77,883,531
Cash Balance in Consolidated Fund							73,613,988						111,160,908
Adjusted Cash Balance March 31, 2021		5					73,613,988						111,160,908

33

GOVERNMENT OF JAMAICA

FINANCIAL STATEMENTS OF THE CONSOLIDATED FUND

Statement VI - Statement of Cash Flows

Year Ended March 31, 2021

(Expressed in Jamaican dollars unless otherwise specified)

		2021			2020
		J$ 000			J$‘000
	Notes
Cash Flows from Operating Activities:
Receipts:
Taxation Revenue			496,558,604			580,157,680
Non-Tax Revenue			62,316,192			72,109,646
Grants			9,838,377			93,387,799
Surrendered Balances			5,620,133			10,810,709
Other			345			2,627
Total Receipts from Operating Activities			574,333,651			756,468,461
Payments:
Employee Costs Salaries			223,534,938			211,437,180
Employee Costs Travelling			20,179,357			19,711,145
Superannuation			38,114,327			37,710,333
Suppliers			75,104,172			5,168,742
Interest Paid			129,113,057			137,955,502
Grants, Contributions and Subsidies			138,783,384			98,242,095
Capital Goods Purchases			30,393,334			44,085,132
Other Payments			22,381,021			124,332,279
Total Payments			677,603,590			678,642,408
Net Cash from Operating Activities			(103,269,939	)		77,826,053
Cash Flows from Financing Activities
Proceeds from Borrowings			54,767,003			52,714,278
Repayment of Borrowings			(136,893,065	)		(149,528,557	)
Repayment of GOJ Guaranteed Loan			1,023,337			856,875
Domestic Benchmark Notes			143,789,182			53,613,997
Treasury Bills Issued			22,303,697			21,471,574
Treasury Bills Redeemed			(22,239,529	)		(20,909,582	)
Other			(503,219	)		0
Net cash from Financing Activities			62,247,406			(41,781,415	)

34

Statement VI - Statement of Cash Flows (Cont’d)

			2021			2020
			J$ 000			J$‘000
	Notes
Net increase/(decrease) in Cash				(41,022,533	)		36,044,638
Cash at Beginning of Period				111,160,908			70,087,771
Unrealized foreign exchange gains				3,475,613			5,028,499
Net Ending Cash Balance March 31, 2021		6		73,613,988			111,160,908

35

GOVERNMENT OF JAMAICA

FINANCIAL STATEMENTS OF THE CONSOLIDATED FUND

Statement VII - Statement of Transfers from the Capital Development Fund

Year Ended March 31, 2021

(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 to date				53,606,653
(b) Grants				10,898,256
(c) Net Levy Written off				153,315
						64,658,224
Value of Fund at 31st March, 2021		7				1,677,073

Source: Development Bank of Jamaica

36

GOVERNMENT OF JAMAICA

FINANCIAL STATEMENTS OF THE CONSOLIDATED FUND

Statement VIII - Contingencies Fund

Year Ended March 31, 2021

(Expressed in Jamaican dollars unless otherwise specified)

			2021			2020
	Notes		$‘000			$‘000
Opening Balance				4,504,189			2,094,000
Increase in Contingencies Fund				0			2,410,189
Disbursement of advances from the Contingencies Fund				(4,800,000	)		0
Recoveries of advances to Contingencies Fund				4,300,000			0
Balance at Year End		8		4,004,189			4,504,189

37

GOVERNMENT OF JAMAICA

FINANCIAL STATEMENTS OF THE CONSOLIDATED FUND

Statement IX – Local (Internal) Debt

Year Ended March 31, 2021

(Expressed in Jamaican dollars unless otherwise specified)

			2021		2020
Local Debt	Notes		$‘000		$‘000
I Perpetual Annuities				155		155
II Market Loans:
Treasury Bills				10,300,000		10,300,000
J$ Benchmark Investment Notes				731,596,618		700,239,685
CPI-Indexed Investment Notes				53,328,253		51,114,047
Total Market Loans				795,224,871		761,653,732
III Institutional Loans:
Development Bank of Jamaica				0		100,417
Total Institutional Loans				0		100,417
Total Local Debt		9.1		795,225,026		761,754,304

38

GOVERNMENT OF JAMAICA

FINANCIAL STATEMENTS OF THE CONSOLIDATED FUND

Statement IX –Foreign (External) Debt

As at March 31, 2021

(Expressed in Jamaican dollars unless otherwise specified)

		2021		2020
		J$ Equivalent		J$ Equivalent
	Notes	$‘000		$‘000
EXTERNAL DEBT
I Currency Obligations to Commercial Enterprises:
Bond Holders			754,745,331		697,218,098
Commerz Bank			0		1,420,937
Total Currency Obligations to Commercial Enterprises			754,745,331		698,639,035
II Foreign Government & Government Agencies
USAID			28,555		29,062
US Department of Agriculture			761,774		1,470,136
China			80,347,105		78,198,193
Federal Republic of Germany			1,301,052		1,249,093
Japan			405,696		1,016,311
Netherlands Investment Bank			79,888		126,583
Kingdom of Belgium			392,972		380,435
Kuwait			60,611		162,469
Venezuela			16,047,748		15,959,552
Total Foreign Government & Government Agencies			99,425,401		98,591,834
III International & Multilateral Institutions:
Inter -American Development Bank			238,210,056		207,799,029
Caribbean Development Bank			28,002,023		29,038,392
Int’l Bank for Reconstruction & Development			152,771,542		129,287,821

39

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

			2021		2020
			J$ Equivalent		J$ Equivalent
	Notes		$‘000		$‘000
OPEC Fund for Int’l Development				1,806,315		1,985,562
European Economic Community Commission				3,447,424		3,937,314
European Investment Bank				27,907		34,958
NORDIC Development Fund				680,056		517,547
International Monetary Fund				16,156,678		15,163,493
Total International & Multilateral Institutions				441,102,001		387,764,116
Total Foreign Debt		9.2		1,295,272,733		1,184,994,985
Total Local Debt				795,225,026		761,754,304
TOTAL LOCAL & FOREIGN DEBT				2,090,497,759		1,946,749,289

40

Notes to the 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 Accounts.

1.1 The Consolidated Fund - Opening

The Consolidated Fund accounts are comprised of: Jamaican Dollar Consolidated Fund Bank Account $58.902 billion; United States Dollar Consolidated Fund Bank Account (US$233.166 million @ J$ 136.07140) $31.727 billion; and Deposits in Transit ($20.532 billion), aggregate of $111.161 billion as of April 1, 2020.

1.2 The Consolidated Fund - Closing

The Consolidated Fund accounts are comprised of: J$ Consolidated Fund Bank Account $38.670 billion; US$ Consolidated Fund Bank Account (US$238.992 million @ J$146.21500) $34.944 billion, aggregate of $73.614 billion as of March 31, 2021.

1.3 Refunds from the Central Payment Account

Negative warrants in the amount of $235.707 million were issued during the reporting period mainly to reallocate issues from the Consolidated Fund to new Heads.

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.

2.1 Net Surplus/ (Deficit)

There was a deficit of $40.787 billion for the year in comparison to a surplus of $36.541 billion for the financial year 2020.

3. Statement of Revenue Estimates Compared with Consolidated Fund Receipts

This Statement includes Revenue Estimates and Actual Receipts, as well as, comparative data from the previous year.

3.1 Tax Revenue Recurrent

These are receipts 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 Revenue Recurrent

Total receipts recorded for the year in the Consolidated Fund for this revenue category is $62.316 billion. The main revenue components include Miscellaneous Revenue, De-earmarked Receipts, Financial Distributions and Loan Interest. Dividends and Other Miscellaneous Revenue from public bodies are also included.

41

Notes to the Financial Statements (Cont’d)

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.

3.5 Domestic Loans

These receipts include benchmark notes and treasury bills received in the Consolidated Fund Principal Bank account. Benchmark notes amounts to $143.789 billion for the financial year (2020: $53.614 billion).

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 $837.003 billion (2020: $840.472 billion) compared with total Estimates of $850.329 billion. (2020: $859.072 billion)

4.1 Recurrent Statutory Expenditure

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

Public Debt Servicing (Amortization) was reclassified to Statutory Recurrent Expenditure. An amount of $136.893 billion is included in the total statutory recurrent expenditure for amortization (2020: $148.532 billion).

4.2 Recurrent Voted Expenditure

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

4.3 Voted Capital Expenditure

An amount of $50.276 billion (2020: $70.677 billion) was issued for Voted Capital Expenditure.

4.4 Treasury Bills

Treasury Bills redeemed for the reporting period were $22.240 billion (2020: $20.909 billion) whilst $22.304 billion (2020: $21.471 billion) were issued resulting in a net receipt to the Consolidated Fund of $0.064 billion (2020: $0.562 billion)

42

Notes to the Financial Statements (Cont’d)

5. Statement of Consolidated Fund Balances

This Statement summarises the receipts and payments 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. Statement of Cash Flows

The Statement of Cash Flows classifies the flow of funds for the period by operating, investing and financing activities.

7. Capital Development Fund

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

8. Contingencies Fund

The Contingencies Fund is established pursuant to Section 118 of the Constitution and further guided by Section 13 of the FAA Act. An amount of $4.8 billion was advanced to two (2) Ministries to assist in the response to the Coronavirus Pandemic. An advance of $4.3 billion was recovered during the financial year. The balance of the Contingencies Fund as at March 31, 2021 was $4.004 billion (2020: $4.504 billion).

9. Statement of Local (Internal) and Foreign (External) Debt

This statement details outstanding local and foreign debt as at March 31, 2021.

43

Notes to the Financial Statements (Cont’d)

NOTE 9.1

GOVERNMENT OF JAMAICA

STATEMENT VIII

STATEMENT OF OUTSTANDING PUBLIC DEBT (LOCAL)

AS AT MARCH 31, 2021

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 - 0.74% Due - Apr-2021	JAM		700,000,000.00		700,000,000.00
Treasury Bills Issue - 1.12% Due - April-2021	JAM		700,000,000.00		700,000,000.00
Treasury Bills Issue - 1.58% Due - April-2021	JAM		800,000,000.00		800,000,000.00
Treasury Bills Issue - 1.53% Due - May-2021	JAM		700,000,000.00		700,000,000.00
Treasury Bills Issue - 0.94% Due - May-2021	JAM		700,000,000.00		700,000,000.00
Treasury Bills Issue - 1.65% Due - May-2021	JAM		800,000,000.00		800,000,000.00
Treasury Bills Issue - 1.23% Due - June-2021	JAM		700,000,000.00		700,000,000.00
Treasury Bills Issue - 0.86% Due - June-2021	JAM		700,000,000.00		700,000,000.00
Treasury Bills Issue - 0.81% Due - July-2021	JAM		700,000,000.00		700,000,000.00
Treasury Bills Issue - 1.96% Due - August- 2021	JAM		700,000,000.00		700,000,000.00
Treasury Bills Issue - 1.04% Due - August-2021	JAM		800,000,000.00		800,000,000.00
Treasury Bills Issue - 1.52% Due - September -2021	JAM		700,000,000.00		700,000,000.00
Treasury Bills Issue - 0.99% Due - October-2021	JAM		800,000,000.00		800,000,000.00
Treasury Bills Issue - 2.41% Due - November - 2021	JAM		800,000,000.00		800,000,000.00
SUB-TOTAL (a) Treasury Bills	JAM				10,300,000,000.00

44

INTERNAL DEBT	CURRENCY	BALANCE OUTSTANDING		JA$ EQUIVALENT
(b)     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		124,279,325,612.05		124,279,325,612.05
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		47,715,800,900		47,715,800,900
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		34,559,058,800		34,559,058,800
GOJ FIXED RATE 5.50% BENCHMARK INVESTMENT NOTES - Due 2023	JAM		47,569,851,500		47,569,851,500
GOJ FIXED RATE 5.675% BENCHMARK INVESTMENT NOTES - Due 2029	JAM		46,048,736,000		46,048,736,000
GOJ FIXED RATE 6.25% BENCHMARK INVESTMENT NOTES - Due 2048	JAM		20,836,667,000		20,836,667,000
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		48,707,288,500		48,707,288,500
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 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
SUB-TOTAL (b) Jamaica Dollar Benchmark Investment Notes	JAM				731,596,618,343.05

45

INTERNAL DEBT	CURRENCY	BALANCE OUTSTANDING		JA$ EQUIVALENT
(c)     CPI-Indexed Investment Notes
CPI -INDEXED INVESTMENT NOTES - DUE 2022	JAM		3,550,000.00		6,585,756.69
CPI -INDEXED INVESTMENT NOTES - Due 2025	JAM		7,626,184,886.00		11,080,426,131.52
CPI -INDEXED INVESTMENT NOTES - Due 2033	JAM		19,496,712,060.00		28,327,647,574.48
CPI -INDEXED INVESTMENT NOTES - Due 2040	JAM		9,576,133,182.00		13,913,593,485.46
SUB-TOTAL (c) CPI-Indexed Investment Notes	JAM				53,328,252,948.15
SUB-TOTAL CATEGORY II (MARKET LOANS)	JAM				795,224,871,291.20
TOTAL INTERNAL DEBT	JAM				795,225,026,123.89

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

46

Notes to the Financial Statements (Cont’d)

NOTE 9.2    

GOVERNMENT OF JAMAICA

STATEMENT VIII

STATEMENT OF OUTSTANDING PUBLIC DEBT (FOREIGN)

AS AT MARCH 31, 2021

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		30,523,943,330.70
US$250M 9.25% NOTES DUE 2025	US		80,125,000.00		11,744,826,662.50
US$250M 8.5% BOND 2036	US		199,430,000.00		29,232,708,659
US$500M 8 % BOND 2039	US		1,117,678,000.00		163,830,694,221.40
US$200M 8% BOND due 2021	US		1,154,841		169,278,095.07
US$800M 7.625% Bond due 2025	US		381,606,000.00		55,936,303,567.80
US$1,350M 6.75% Bond due 2028	US		1,359,455,000.00		199,270,681,191.50
US$650M 7.975% BOND DUE 2045	US		1,801,300,000.00		264,036,895,690.00
TOTAL - BOND HOLDERS					754,745,331,417.97
II     FOREIGN GOVERNMENT AND GOVERNMENT AGENCIES
a)     UNITED STATES
1.     U.S. AGENCY FOR INTERNATIONAL DEVELOPMENT
532-T-046D CROP DIVERSIFICATION & IRRIGATION PROJ.	US		194,806.91		28,555,050.12
TOTAL - U.S. AGENCY FOR INTERNATIONAL DEVELOPMENT					28,555,050.12

47

EXTERNAL DEBT	CURRENCY	BALANCE OUTSTANDING		JA$ EQUIVALENT
2.     UNITED STATES DEPARTMENT OF AGRICULTURE
91 JMI USDA PL480 - 1991 DELIVERIES (17.805)	US		712,239.40		104,400,977.16
91 JMI PURCHASE OF FOOD CALENDAR YEAR 1991 (9.869)	US		394,772.92		57,866,327.82
92 JMI 1 USDA PL480	US		335,772.04		49,217,902.13
92 JMI GOJ/CCC PL480 AGREEMENT20.76M -1992 DELIVERIES	US		1,660,733.00		243,432,402.09
04 JMA PL 480 RESCHEDULED	US		2,093,417.74		306,855,893.77
TOTAL - UNITED STATES DEPT. OF AGRICULTURE					761,773,502.97
TOTAL- UNITED STATES					790,328,553.09
b)     CHINA
1.     EXIM BANK OF CHINA
JAMAICA CRICKET STADIUM PROJECT	CNY		71,004,983.5		1,584,725,644.59
MONTEGO BAY CONVENTION CENTER	CNY		158,064,516.10		3,527,764,949.96
PALISADOES SHORELINE PROTECTION REHABILITATION WORKS PROJECT	USD		23,240,000.00		3,406,549,412.00
JAMAICA ECONOMIC HOUSING PROJECT	CNY		298,298,081.20		6,657,569,587.27
JAMAICA ROAD IMPROVEMENT & REHABILITATION WORKS PROJECT	USD		153,000,000		22,426,938,900.00
MAJOR INFRASTRUCTURE DEVELOPMENT PROGRAMME	USD		232,123,834.39		34,025,013,405.87
JAMAICA SOUTHERN COASTAL HIGHWAY IMPROVEMENT PROJECT	USD		56,434,023.09		8,272,172,468.76
TOTAL EXIM BANK OF CHINA					79,900,734,368.46
2.     PEOPLE’S REPUBLIC OF CHINA 20.0MN YUAN
AGREEMENT ON ECONOMIC AND TECHNICAL CO-OPERTION 20.0M YUAN	CNY		20,000,000.00		446,370,254.25
TOTAL PEOPLE’S REPUBLIC OF CHINA					446,370,254.25
TOTAL CHINA					80,347,104,622.71

48

EXTERNAL DEBT	CURRENCY	BALANCE OUTSTANDING		JA$ EQUIVALENT
c)     FEDERAL REPUBLIC OF GERMANY
1.     KREDITANSTALT FUR WIEDERAUFBAU
89-65-121 HURRICANE RECONSTRUCTION ASSISTANCE 2	EURO		2.851,524.20		496,743,288.84
89-65-857 HURRICANE RECONSTRUCTION ASSISTANCE III	EURO		2,868,468.90		499,695,104.95
93-65-941 REHAB OF 5 SMALL HYDROPOWER PLANTS	EURO		1,748,618.10		304,614,036.86
TOTAL - KREDITANSTALT FUR WIEDERAUFBAU					1,301,052,430.66
TOTAL – FEDERAL REPUBLIC OF GERMANY					1,301,052,430.66
d)     JAPAN
1.     OVERSEAS ECONOMIC CORPORATION FUND
JM-P6 KGN METROPOLITAN WATER SUPPLY PROJECT	YEN		253,544.00		336,927,218.97
TOTAL - OVERSEAS ECONOMIC CORPORATION FUND					336,927,218.97
2.     JAPAN INTERNATIONAL CO-OPERATION AGENCY
ENERGY MANAGEMENT AND EFFICIENCY PROGRAMME	USD		469,148.00		68,768,323.73
TOTAL - JAPAN INTERNATIONAL CO-OPERATION AGENCY					68,768,323.73
TOTAL - JAPAN					405,695,542.70
e)     NETHERLAND INVESTMENT BANK
1978.03 CONSOLIDATION OF INTEREST AMOUNTS	EURO		336,525.90		58,623,736.85
1980.02 CONSOLIDATION OF INTEREST AMOUNTS	EURO		122,066.40		21,264,291.21
TOTAL - NETHERLAND INVESTMENT BANK					79,888,028.06

49

EXTERNAL DEBT	CURRENCY	BALANCE OUTSTANDING		JA$ EQUIVALENT
f)     BELGIUM
1.     GOVT. OF THE KINGDOM OF BELGIUM
MODERNIZATION OF KINGSTON MUNICIPALITY	EURO		2,255,831.10		392,971,859.31
TOTAL - GOVT. OF THE KINGDOM OF BELGIUM					392,971,859.31
g)     KUWAIT
KUWAIT FUND FOR ARAB ECONOMIC DEVELOPMENT
ROAD REHABILITATION PROJECT 2 - LOAN #760	KWD		125,000.00		60,610,781.22
TOTAL - KUWAIT					60,610,781.22
h)     VENEZUELA
MONTEGO BAY SPORTS COMPLEX PH 3 (21-294)	US		1,930,196.04		282,930,644.80
PORT MARIA CIVIC CENTRE PH 2 (20-293)	US		431,801.53		63,294,029.61
VENEZUELA ENERGY AGREEMENT	US		107,118,188.75		15,701,523,360.62
TOTAL VENEZUELA					16,047,748,035.03
TOTAL FOREIGN GOVERNMENT & GOVERNMENT AGENCIES					99,425,399,852.77
III     INTERNATIONAL & MULTILATERAL INSTITUTIONS
a)     INTER-AMERICAN DEVELOPMENT BANK
787/SF-JA WEST KINGSTON RE-DEVELOPMENT PROJECT US$ Equiv	US		65,592.41		9,614,620.73
812/SF-JA LAND TITLING PROJECT	US		131,275.10		19,242,474.82
1005/OC-JA JAMAICA SOCIAL INVESTMENT FUND	US		732,410.53		107,357,687.62
1028/OC-JA HEALTH SECTOR REFORM PROGRAM	US		588,439.95		86,254,278.18
1185/OC-JA SOLID WASTE MANAGEMENT PROGRAM	US		632,126.86		92,657,976.90
1197/OC-JA PARISH INFRASTRUCTURE	US		2,046,687.76		300,006,152.55
1264/OC-JA PRIMARY EDUCATION SUPPORT PRG.	US		7,491,558.72		1,098,122,416.20

50

EXTERNAL DEBT	CURRENCY	BALANCE OUTSTANDING		JA$ EQUIVALENT
1283/OC-JA AGRICULTURAL SUPPORT SERVICES PROJECT	US		4,614,361.39		676,379,091.22
1344/OC-CITIZEN, SECURITY & JUSTICE	US		3,910,157.25		573,155,932.91
1355/OC-JA SOCIAL SAFETY NET	US		4,000,000.00		586,325,200.00
1360/OC-JA RURAL WATER	US		2,272,648.20		333,127,727.6
1363/OC -JA -NATIONAL ROAD IMPROVEMENT	US		1,276,230.24		187,071,487.68
1419/OC-JA EMERGENCY RECONSTRUCTION	US		4,844,596.72		710,127,285.19
1438/OC/JA -RE INFORMATION AND COMM. TECH PROJECT	US		3,312,724.37		485,583,444.70
1559/OC/JA-1- SOCIAL PROTECTION SUPPORT FOR FOOD PRICE CRISIS	US		7,125,000.00		1,044,391,762.5
1562/OC-JA - NATIONAL IRRIGATION DEVELOPMENT PROGRAM	US		3,800,388.28		557,065,854.59
1959/OC/JA - EMERGENCY ASSIST. - 2007 ATLANTIC HURRICANE SEASON	US		5,999,868.42		879,468,512.83
1972/OC/JA - COMPETITIVENESS ENHANCEMENT PROGRAM	US		15,000,000.00		2,198,719,500.00
2026/OC/JA - TRANSPORTATION INFRASTRUCTURE REHAB. PROGRAMME	US		32,771,914.13		4,803,749,776.66
2039/OC/JA - YOUTH DEVELOPMENT PROGRAM PHASE 1	US		6,276,346.09		919,994,969.12
2058/OC/JA - PUBLIC FINANCIAL & PERFORMANCE MANAGEMENT	US		32,000,000.00		4,690,601,600.00
2074/OC/JA - EDUCATION REFORM PROGRAM	US		16,000,000.00		2,345,300,800.00
2100/OC/JA - SUPPLEMENTAL LOAN TO FINANCE THE PESP ACTIVITIES	US		7,552,544.70		1,107,061,820.43
2272/OC/JA - CITIZEN SECURITY AND JUSTICE PROGRAM 11	US		13,999,999.93		2,052,138,189.74
2276/OC/JA - ROAD IMPROVEMENT PROGRAM	US		6,843,811.21		1,003,174,744.12
2297/OC/JA - COMPETITIVE ENHANCEMENT PROGRAM	US		36,000,000.00		5,276,926,800.00
2298/OC/JA - PUBLIC FINANCIAL & PERFORMANCE MGMT PROG. 11	US		36,002,071.23		5,277,230,403.59
2299/OC/JA - HUMAN CAPITAL AND PROTECTION PROGRAM	US		29,999,999.96		4,397,438,994.14
2300/OC/JA - SUPPORT FOR EDUCATION SECTOR REFORM 11 (PBL)	US		18,000,000.00		2,638,463,400.00
2301/OC/JA - SUPPORT FOR EDUCATION SECTOR REFORM 11 (Investment)	US		7,242,257.29		1,061,579,488.50
2359/OC/JA - FISCAL CONSOLIDATION PG FIRST PROG OPERATION	US		126,666,666.63		18,566,964,661.29
2444/OC-JA - AGRICULTURAL COMPETITIVENESS PROGRAMME	US		11,516,457.95		1,688,097,377.71
2502/OC/JA - FISCAL CONSOLIDATION PROGRAMME 11	US		133,333,333.30		19,544,173,328.45
2519/OC/JA - HUMAN CAPITAL AND PROTECTION PROGRAMME 11	US		33,333,333.30		4,886,043,328.45
2521/OC-JA - PUBLIC FINANCIAL & PERFORMANCE MANAGEMENT PROGRAMME III	US		52,000,000		7,662,227,600.00
2629/OC/JA - ENERGY EFFICIENCY & CONSERVATION PROGRAMME	US		3,161,377.04		463,398,756.31
2658/OC/JA - FISCAL ADMINISTRATION & MODERNIZATION PROGRAMME	US		39,738,157.10		5,824,870,727.32

51

EXTERNAL DEBT	CURRENCY	BALANCE OUTSTANDING		JA$ EQUIVALENT
2889/OC-JA - INTEGRATED SOCIAL PROTECTION AND LABOUR PROGRAMME	US		25,503,436.15		3,738,326,825.33
3121/OC-JA - PUBLIC SECTOR EFFIENCY PROGRAMME (PSE)	US		7,711,738.12		1,130,396,598.89
3122/OC-JA - PUBLIC SECTOR EFFIENCY PROGRAMME (PSE) CHINA CO-FINANCING	US		4,943,524.6		724,624,262.45
3147/OC-JA - COMPETITIVENESS ENHANCEMENT PROGRAMME III	US		52,000,000.00		7,622,227,600.00
3148/OC-JA - FISCAL STRUCTURAL PROGRAMME FOR ECONOMIC GROWTH	US		69,333,333.33		10,162,970,132.84
3191/OC-JA - CITIZEN SECURITY JUSTICE PROGRAMME III	US		19,029,853.86		2,789,420,717.61
3381/SX-JAADAPT PRG &FIN MECH FOR THE PILOT PRG FOR PPCR JAM	US		8,247,100.00		1,235,255,273.23
3511/OC-JA - FISCAL STRUCTURAL PROGRAMME FOR ECONOMIC GROWTH II	US		125,666,666.67		18,420,383,367.16
3560/OC-JA - EDUCATION SECTOR REFORM III	US		25,000,000.00		3,664,532,500.00
3565/OC-JA - INTEGRATED SUPPORT TO JAMAICA SOCIAL
PROTECTION STRATEGY	US		47,963,901.29		7,026,653,309.06
3704/OC-JA - FINANCIAL SYSYTEM REFORM SUPPORT PROGRAMME	US		100,000,000.00		14,658,130,000.00
3880/OC-JA-FISCAL STRUCTURALPROGRAMME FOR ECONOMIC GROWTH III	US		43,587,097.77		6,389,053,454.35
3877/OC-JA - ENERGY MANAGEMENT AND EFFICIENCY PROGRAMME	US		2,181,536.00		319,772,382.88
4115/OC-JA - CREDIT ENHANCING PROGRAMME FOR MICRO, SMALL AND MEDIUM ENTERPRISES	US		9,426,222.78		1,381,707,989.18
4373/OC-JA - SUPPORT TO THE PUBLIC SECTOR TRANSFORMATION PROJECT (POLICY-BASED)	US		110,000,000.00		16,123,943,000.00
4374/OC-JA - SUPPORT TO THE PUBLIC SECTOR TRANSFORMATION PROJECT (INVESTMENT)	US		14,455,465.20		2,118,900,881.12
4400/OC-JA - SECURITY STRENGTHENING PROJECT	US		3,729,071.00		546,612,074.97
4437/OC-JA - IMPLEMENTATION OF THE NATIONAL IDENTIFICATION SYSTEM (NIDS)FOR ECONOMIC GROWTH	US		13,990,499.47		2,050,745,599.96
4645/OC-JA SKILLS DEVELOPMENT GLOBAL SKILLS IN JAMAICA	US		2,411,820.00		353,527,710.97
4668/OC-JA SUPPORT FOR THE HEALTH SYSTEMS STRENGTHENING
FOR THE PREVENTION AND CARE MANAGEMENT FOR NON-
COMMUNICABLE DISEASES PROGRAMME	US		3,884,745.01		569,430,973.73
4669/OC-JA - SUPPORT FOR THE HEALTH SYSTEM	US		50,000,000.00		7,329,065,000.00
4860-JM – BOOSTING INNOVATION,GROWTH,AND
ENTREPRENEUSHIP ECOSYSTEM PROGRAMME	US		604,013.90		88,537,142.68
5110/OC-JA SUPPORT FOR THE HEALTH SYSTEMS STRENGTHENING	US		100,000,000.00		14,658,130,000.00
5236/OC-JA- STRENGTHENING FISCAL POLICY AND MANAGEMENT PROGRAMME TO RESPOND TO THE HEALTH	US		75,000,000.00		10,993,597,500.00
TOTAL - INTER-AMERICAN DEVELOPMENT BANK					238,210,056,468.47

52

EXTERNAL DEBT	CURRENCY	BALANCE OUTSTANDING		JA$ EQUIVALENT
b)     CARIBBEAN DEVELOPMENT BANK
04/SFR-JAM - SECOND WATER PROJECT	US		103,934.76		15,234,892.24
06/SFR JAM1 - WISCO JAMAICA	EURO-US EQUIV		102,469.80		17,850,,516.80
08/SFR-JAM - RURAL ELECTRIFICATION	US		1,308,291.18		191,771,021.94
10/SFR-OR-JAM - SOCIAL INVESTMENT FUND	US		4,132,591.26		605,760,599.26
11/SFR-OR-JAM CITRUS REPLANTING	US		22,996.10		3,370,798.23
12/SFR-OR-JAM - FINANCIAL SECTOR REFORM	US		114,746.43		16,819,680.88
13/SFR OR JAM - ENHANCEMENT OF BASIC SCHOOL	US		4,099,662.78		600,933,899.85
14/SFR-OR-JAM - 001 IRRIGATION DEV.PROJ	US		909,810.31		133,361,177.99
15/SFR-OR-JAM - REHAB. OF FLOOD DAMAGE	US		3,149.890.90		461,715,102.98
15/SFR-OR-JAM - REHAB. OF FLOOD DAMAGE ADDITIONAL LOAN	US		1,163,137.34		170,494,183.38
16/SFR-OR-JAM - WASHINGTON BOULEVARD IMPROVEMENT	US		7,971,110.40		1,168,415,724.88
17/SFR-OR -JAM - HURRICANE DEAN REHAB WORKS	US		5,768,751.95		845,591,160.21
17/SFR-OR -JAM 1 - HURRICANE DEAN REHAB WORKS	US		3,986,788.02		584,388,570.80
18/SFR-OR-JAM - UTECH ENHANCEMENT PROJECT	US		10,923,479.03		1,601,177,756.74
19/SFR-JAM COMMUNITY INVESTMENT PROJECT	US		9,011,040.19		1,320,849,985.40
19/SFR-OR-JAM - POLICY BASED LOAN	US		55,666,666.67		8,159,692,367.16
28/OR-JAM COASTAL HIGHWAY IMPROVEMENT #4	US		22,243,795.51		3,260,524,462.79
20/SFR-JM AGRICULTURAL SUPPORT	US		7,251,000.00		1,057,584,079.50
20/SFR-OR-JAM NATURAL DISASTER GUSTAV MANAGEMENT	US		20,933,104.23		3,068,401,631.07
23/SFR-OR JAM FISCAL CONSOLIDATION, GROWTH AND SOCIAL STABILITY LOAN	US		32,187,500.00		4,718,085,593.75
TOTAL - CARIBBEAN DEVELOPMENT BANK					28,002,023,205.84
c)     INT’L BANK FOR RECONSTRUCTION & DEVELOPMENT
4819-JM INNER CITY PROJECT	US		4,892,007.91		717,076,879.06
4878-JM HURRICANE DEAN EMERGENCY RECOVERY	US		3,347,894.71		490,738,758.85
7554-JM EARLY CHILDHOOD DEVELOPMENT PROJECT	US		10,511,592.48		1,540,802,890.79
7555-JM SOCIAL PROTECTION PROJECT	US		28,053,371.90		4,112,099,722.49
7556-JM SECOND HIV/AIDS PROJECT	US		6,773,370.98		992,849,523.63
7653-JM FISCAL AND DEBT SUSTAINABLILITY DEV POLICY	US		70,000,000.00		10,260,691,000.00
7769-JM RURAL ECONOMIC DEVELOPMENT PROGRAM	US		11,365,955.88		1,666,036,588.63

53

EXTERNAL DEBT	CURRENCY	BALANCE OUTSTANDING		JA$ EQUIVALENT
7856-JM FIRST PROGRAM FISCAL SUST. DEVELOP. POLICY LOAN	US		155,120,000.00		22,737,691,256.00
7815-JM EDUCATION TRANSFORMATION CAPACITY BLDG. PROJECT	US		13,904,763.38		2,038,178,292.43
8007-JM ENERGY SECURITY & EFFICIENCY ENHANCEMENT PROJECT	US		11,864,002.34		1,739,040,886.20
8084-JM 2ND PROGRAMATIC FISCAL SUSTAINABILITY DEVELOPMENT	US		100,000,000.00		14,658,130,000.00
8317-JM ECONOMIC STABILITY AND FOUNDATION FOR GROWTH DEVELOPMENT	US		124,462,000.00		18,243,801,760.60
8329 ADDITIONAL FINANCING FOR SOCIAL PROTECTION PROGRAMME	US		38,296,000.00		5,613,477,464.80
8334-JM JAMAICA EARLY CHILDHOOD DEVELOPMENT PROJECT	US		11,047,678.43		1,619,383,066.25
8356-JM JAMAICA INTEGRATED COMMUNITY DEVELOPMENT PROJECT	US		38,577,742.88		5,654,775,702.42
8405-JM JAMAICA YOUT EMPLOYMENT IN DIGITAL AND AMINATION INDUSTRIES	US		11,447,355.73		1,677,968,284.47
8406-JM JAMAICA STRATEGIC PUBLIC SECTOR TRANSFORMATION	US		29,287,667.08		4,293,024,314.55
8408-JM FOUNDATIONS FOR COMPETITIVENESS AND GROWTH PROJECT	US		38,471,939 57		5,639,266,915.69
8470-JM FIRST COMPETITIVENESS & FISCAL MANAGEMENT PROGAMMATIC DPL	US		75,000,000.00		10,993,597,500.00
8759-JM JAMAICA DISASTER VULNERABILITY REDUCTION PROJECT	US		12,893,533.71		1,889,950,932.81
8581-JM SECOND COMPETITIVENESS & FISCAL MANAGEMENT PROGAMMATIC DPF	US		70,000,000.00		10,260,691,000.00
8822-JM ACCESS TO FINANCE FOR MICRO, SMALL AND MEDIUM ENTERPRISE PROJECT	US		5,889,216.59		863,249,023.74
9017- JM SECOND RURAL ECONOMIC DEVELOPMENT INITIATIVE			649,682.06		95231,240.94
9053-JM JAMAICA FIRST ECONOMIC RESILIENCE	US		70,000,000.00		10,260,691,000.00
9216-JM JAMAICA COVID-19 RESPONSE AND RECOVERY DEVELOPMENT POLICY FINANCING	US		100,375,000.00		14,713,097,987.50
TOTAL - INT’L BANK FOR RECONSTRUCTION & DEV.					152,771,541,991.85
d)     OPEC FUND FOR INT’L DEVELOPMENT
906-P RURAL ROAD REHABILITATION	US		500,180.00		73,317,034.63
1007-P NATIONAL COMMUNITY DEV. PROJECT	US		1,333,480.00		195,463,231.92
1152-P RURAL ROAD REHABILITATION PHASE 2	US		512,496.95		75,122,469.18
1238-P BOGUE ROAD IMPROVEMENT PROJECT	US		9,976,797.56		1,462,411,956.18
TOTAL - OPEC FUND FOR INT’L DEVELOPMENT					1,806,314,691.92

54

EXTERNAL DEBT	CURRENCY	BALANCE OUTSTANDING		JA$ EQUIVALENT
e)     EUROPEAN ECONOMIC COMMUNITY COMMISSION
LN #8.0163 RURAL ELECTRIFICATION	EURO		333,394.37		58,078,212.55
LN #8.0223 EXPAND COFFEE PRODUCTION	EURO		477,032.94		83,100,437.87
LN #8.0347 SANGSTERS AIRPORT MAIN TERMINAL	EURO		2,730,666.06		475,688,412.48
LN #8.0371 CAST & CTC STUDENT ACCOMMODATION	EURO		550,077.78		95,825,047.65
LN #8.0383 NEGRIL OCHO-RIOS WASTE WATER PROJECT	EURO		12,096,271.64		2,107,203,477.91
LN #8.0388 CREDIT SCH. FOR MICRO & SMALL ENTERPRISES	EURO		2,869,438.90		499,864,076.55
LN #8.0395 MORANT/YALLAHS AGRICULTURAL DEV. PROJ.	EURO		732,846.37		127,663,835.50
TOTAL-EUROPEAN ECONOMIC COMMUNITY COMMISSION					3,447,423,500.50
f)     EUROPEAN INVESTMENT BANK
LN #21613 PORT ANTONIO WATER & SEWERAGE PROJECT	EURO		160,200.00		27,907,320.54
TOTAL - EUROPEAN INVESTMENT BANK					27,907,320.54
g)     NORDIC DEVELOPMENT FUND
NDF #81 PRIMARY EDUCATION IMPROVEMENT PROG.	XDR		960,000.00		199,426,678.87
NDF #120 MULTI-SECTORAL PRE-INVESTMENT PROJECT	XDR		993,654.54		206,417,941.41
NDF #165 AIRPORT REFORM & IMPROVEMENT PROGRAM	XDR		1,320,000.00		274,211,682.72
TOTAL - NORDIC DEVELOPMENT FUND					680,056,303.00
h)     INTERNATIONAL MONETARY FUND
BUDGETARY SUPPORT TO THE GOVERNMENT OF JAMAICA	XDR		77,775,004.02		16,156,677,829.08
TOTAL - INTERNATIONAL MONETAR FUND					16,156,677,829.08
TOTAL INTERNATIONAL & MULTINATIONAL INSTITUTIONS					441,102,001,311.21
TOTAL EXTERNAL DEBT					1,295,272,732,581.95

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

55