Govt to collect more revenue
The Government’s revenues are up.
Minister of Finance Chris Sinckler delivered the news as he led off debate on the 2016/2017 Estimates of Revenue and Expenditure, which got underway at the House of Assembly just after 10 a.m.
As he lashed out at critics of the Freundel Stuart administration, Sinckler told Parliament Government is on course to collect more money this year than projected.
He disclosed that while total revenue was originally expected to be over $2.539 billion, revised figures, which include earnings of $283 million for February and $519.8 million for this month, would yield revised current revenue of $2.668 billion – $129.4 million more than the original projection.
“If you have to match it against what was actually collected and audited for 2014/2015, the 2.668 billion in revenue is a 196. 9 million dollars more than what was actually collected last year, eight per cent more and that is just simply a fact.”