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Dominica’s Minister of Finance, Dr. Irving McIntyre, unveiled the 2024/2025 budget. He revealed sizeable allocations across various sectors.
Written by Amara Campbell
Published On 2024-07-26 17:04:28
Dominica: In the live 2024/2025 budget session, Dominica’s Minister of Finance, Dr. Irving McIntyre, unveiled the 2024/2025 budget. He revealed sizeable allocations across various sectors, including substantial funding for healthcare, education, and his own finance ministry. At 296.3 million, constituting over forty percent of total recurrent expenses, the finance department received the highest allotment.
The health ministry secured the second largest chunk of funding. At 81.9 million, representing just over twelve percent of recurring costs, this allocation will support Dominica’s response to ongoing medical needs and priorities. Close behind was the Ministry of Education with 70 million to advance learning initiatives, accounting for slightly over ten percent of total planned projects.
The Ministry of National Security received substantial funding for the coming fiscal year, with their 60.6 million budget slotting them in as the fourth highest recipient and accounting for 8.9% of all expected outlays. Not far behind in fifth was the Ministry of Public Works, gaining allocation of 8.1% of the total projected expenditure.
While security and infrastructure earned significant monetary support, the expenditure estimate came in at a full-bodied $679.4 million. The complete list of budget allotment is listed below;
For capital expenditure, a total of 934.9 million was allocated with notable but uneven distributions as outlined below. Massive investments were into transportation networks and educational facilities nonetheless certain initiatives obtained comparatively constrained support.
This intricate budget epitomizes the administration’s priorities with substantial and diverse investments in critical sectors intended to foster long-lasting progress and enhance public services through complex yet coordinated efforts.