Durrant Pate/Contributor

 The Government of Jamaica’s revenue collections for April 2025 to March 2026 closed on $1.077 trillion, which is $8.16 billion more than the budgeted amount of $1.06 trillion. 

This represents an increase of approximately 1.8% relative to the $1.05 trillion recorded for the corresponding period in 2025. ‘Capital Revenue’ recorded nil, in line with the budgeted amount. 

However, the Bauxite Levy recorded $360.01 million, significantly lower than the budgeted figure of $693.9 million. Conversely, Grants closed the period at $2.75 billion, which is $2.52 million under budget compared to the $5.27 billion that was projected. 

‘Tax Revenue’ amounted to $879.51 billion, which crossed the budget line by $10.49 billion. ‘Non-Tax Revenue’ was reported at $194.68 billion, more than the budgeted amount of $194.16 billion.

Expenditures

Total Expenditure for the period closed on $1.15 trillion, which is $46.47 billion less than the budgeted amount of $1.20 trillion. Recurrent Expenditure totalled $1.10 trillion, accounted for 95.9% of overall expenditure and was $38.80 billion less than the budgeted amount. 

Under the recurrent expenditure categories for the review period, all categories excluding employee contributions were below the budgeted amount: ‘Programmes’ amounted to $421.34 billion, which is $23.16 billion less than budgeted.

‘Wages & Salaries’ totalled $478.31 billion, falling short of the budget by $8.76 billion. ‘Employee Contribution’ is $35.69 billion, more than the budget of $34.94 billion, representing a 2.1% climb.

‘Compensation of Employees’ amounted to $514.00 billion, which is $8.01 billion less than the budgeted amount. ‘Interest Payments’ closed on $174.13 billion, which is $7.64 billion below the budgeted figure.

The Fiscal Deficit stood at $79.98 billion, compared to a projected deficit of $134.61 billion while the Primary Surplus Balance for the period is $94.15 billion, more than the budgeted primary surplus of $47.15 billion.