For the past four years, the Government has spent, or budgeted to spend, about $202.33 billion. It has taken on $24 billion in additional debt. Of the $202.33 billion spent in the 2016 to 2019 fiscal years, over $186.8 billion, or 92.4 per cent, was in recurrent expenditure.
That’s money spent on wages and salaries, transfers and subsidies, goods and services and interest payments. Only 7.6 per cent of the $202.3 billion, some $15.5 billion, was used for capital expenditure and net lending, according to the July Economic Bulletin published by the Central Bank.