Thursday, March 29, 2018

Parliament hastily votes for 2018 budget. $4.82 billion projected record deficit


Parliament approved the 2018 budget after quick deliberations in committee and general session. Members of Parliament have been sharply critical of the budget, but ended up by voting in its favor. The passage of the budget was deemed a prerequisite to the upcoming Cèdre donor conference to be organized in Paris on April 6.

The projected deficit is estimated at a record $4.82 billion, up from $3.76 billion in 2017.

Total expenditure is anticipated at $15.8 billion, to which m...

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