Self-financing public bodies to execute $96b in capital projects in 2024/25

 

Finance Minister Dr. Nigel Clarke says self-financing public bodies are set to execute more than $90 billion in capital projects for the next fiscal year.

 

Dr. Clarke says in addition to total capital expenditure, this reflects a marked improvement compared with the 2023/2024 fiscal year which ends in March. 

 

"The self-financing public bodies are programmed to undertake $96.4 billion in capital expenditure during the year, mainly through the National Housing Trust at $50.7 billion, the National Water Commission at $10.8 billion, the Port Authority at $7.9 billion, Airports Authority at $4.7 billion, Petrojam at $3.6 billion, and the Housing Agency of Jamaica at $3.2 billion," he outlined.

 

Between the central government and the self-financing public bodies, capital expenditure for fiscal year 2024/25 is programmed at $176.4 billion or 5.4 per cent of GDP, Dr. Clarke advised. 

 

He made the remarks at the tabling of the proposed budget for the 2024/2025 fiscal year in Parliament on Thursday.