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Revenue collections ahead of projections for April to December

The Government of Jamaica has reported that revenue collections outperformed projections during the period April to December of the current fiscal year.
 
Total revenue and grants amounted to $806.4 billion, which is $8.6 billion above the $797.8 billion that had been projected.
 
Tax revenues came in at $647.7 billion, exceeding the target by $5.7 billion, while non-tax revenues totalled $156.1 billion, about $2 billion dollars above programme.
 
Despite the stronger than expected collections, government spending was lower than planned.
 
Expenditure for the period totalled $831 billion $10-billion lower than had been budgeted.
 


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