💼 Cabinet approves additional $7.4M for 2024 capital budgets

The Cabinet has approved an additional CI$7.4 million to the 2024 budget under section 11 of the Public Management and Finance Law. This increase in capital funding will be allocated to various government projects, including a significant equity injection of $3 million for the John Gray High School project. An additional $4 million has been allocated to the Ministry of Border Control and Labour for undisclosed projects. 🏛️

Transfer Payment 51, under the Ministry of Education, has also seen an increase of $400,000 for training assistance and a one-time grant to Triple C School. Despite this increased spending, the government's finances are currently running a significant surplus of CI$216 million. However, senior accountants have warned that this surplus will decline as the year progresses due to the government's revenue collection pattern. The Cabinet has also continued its land acquisition, approving the purchase of several parcels. The details of these acquisitions have not been documented. 📚

Furthermore, the government has approved the issuance of a coastal works permit for the construction of a private dock and cabana offshore Block 24C Parcel 21 in Patricks Island. This shows the government's commitment to infrastructure development and enhancement. 🏖️