2018/19 Budget Communication 2018_2019 BUDGET COMMUNICATION | Page 110

Ø $89 million for additional interest payments.
The level of Capital Expenditure in 2018/19 is set at
$299 million, up $69 million from $230 million in 2017/18.
Demands for new investments in public infrastructure
clearly exceed the amount that is allocated for next year and
the Government does want to prioritize such investments as
a means of boosting potential economic growth. However
the fiscal realities of the day dictate that we scale back the
allocations to a level that is fiscally justifiable, at least in the
near term.
The outlook for Recurrent Revenue in the coming
fiscal year is governed to a large extent by the fiscal impact
of both the revenue measures that we are proposing in this
Budget as well as the impact of the rise in the rate of VAT.
The lesser revenue measures – including adjustments up and
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