Prime Minister Dr. The Hon. Timothy Harris has proposed an estimated $784 million dollar budget for 2019 as the Budget hearing began in Parliament began in Parliament yesterday, December 12.
The Prime Minister also stated that an overall surplus of $41 million is being projected.
Taxes on income, property, domestic goods and consumption, international trade and transactions, non tax revenue generators such as the Citizenship by Investment Programme and capital and budgetary grants are to yield the projected total revenue of $784 million, according to Dr. Harris.
The Bill, entitled the Appropriation (Bill) 2019, features a 31% increase, over 2018, in allocations for the Prime Minister’s office. An estimated $44.5 has been allocated for 2019.
The opposition leader, Dr. Denzil Douglas, is expected to respond this morning, December 13, to the Bill.