Mid-Year Budget Communication 2017-2018 Mid-Year Budget Communication | Page 7

that, in the May Budget Communication, the Government
It is to be noted that, in the May Budget Communication, the Government
ent to do better
affirmed
than its
the
commitment
Budget estimate
to do this
better
fiscal
than
year.
the Budget estimate this fiscal year.
Minister announced last summer an across-the-board 10
To that end, the Prime Minister announced last summer an across-the-board 10
discretionary percent
Recurrent
reduction
Expenditure
in discretionary
against the Recurrent
budgeted Expenditure against the budgeted
st payments and debt redemption. We are on track in this
sums, excluding interest payments and debt redemption. We are on track in this
rvicing expenditure
regard, as
totalled
non-debt
$861.1
servicing
million
expenditure
against a mid-
totalled $861.1 million against a mid-
ted sum of year
$975.3
pro-rated
million.
budgeted
However,
sum
with
of prior
$975.3
year
million. However, with prior year
e addressed,
commitments
I have asked still
Ministries
to be addressed,
and Departments
I have asked
to Ministries and Departments to
e through the second half of the fiscal year, to ensure that
redouble their vigilance through the second half of the fiscal year, to ensure that
xpenditure and deficit targets
we meet our desired expenditure and deficit targets.
Mr. Speaker,
n improvement in The
the $92.3
GFS Deficit
million in improvement
the first half in
of the
this GFS Deficit in the first half of this
d to the previous year, largely reflected a deliberate $76.4
fiscal year, as compared to the previous year, largely reflected a deliberate $76.4
apital Expenditure,
million from
reduction
$152.2
in million
Capital last
Expenditure,
year to $75.8
from $152.2 million last year to $75.8
his fiscal year,
million
the this
government
year. This
has fiscal
exercised
year, extreme
the government has exercised extreme
mmitments for
prudence
capital in expenditure,
the commitments
ensuring for
that
capital
only expenditure, ensuring that only
cal public meaningful
investments and
are critical
approved.
public
That investments
said, we are approved. That said, we
public infrastructure plant, in too many cases, remains well
acknowledge that our public infrastructure plant, in too many cases, remains well

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