2018/19 Budget Communication 2018_2019 BUDGET COMMUNICATION | Page 109

a balanced budget after three years with some $100 million
in duty and excise tax reductions, bringing down the cost of
imported goods.
As for the fiscal projection for 2018/19, Recurrent
Expenditure will amount to $2,589 million, an increase of
$346 million from the budgeted amount in 2017/18. This
increase includes:
Ø the $172 million in arrears that will be paid in the
coming year;
Ø the $76 million increase as a result of the adoption of
full and proper budgeting for known commitments
across the breadth and scope of Government
expenditures;
Ø some $19 million for the new Recurrent Expenditure
policy initiatives that I previously discussed; and
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