Estimated budget for St. Vincent in 2023 is 1.4 billion dollars
The Estimates of Revenue and Expenditure for the 2023 fiscal year amount to one billion, four hundred and forty-five million, eight hundred and eighty-six thousand, six hundred and thirteen dollars ($1,445,886,613). This figure represents an 8.8 percent increase over the approved budget for 2022.
The budget for 2023 is broken down as follows:
Recurrent Expenditure(inclusive of Amortization and Sinking Fund Contributions) nine hundred and seventy-four million, three hundred and twenty-three thousand, five hundred dollars ($974,323,500); and
Capital Expenditurefour hundred and seventy-one million, five hundred and sixty-three thousand, one hundred and thirteen dollars ($471,563,113);
Financing for the 2023 budget is expected to come from:
Current Revenue of seven hundred and sixty-one million, four hundred and thirty-one thousand, two hundred dollars ($761,431,200); and
Capital Receipts totaling six hundred and eighty-four million, four hundred and fifty-five thousand, and four hundred and fourteen dollars ($684,455,414).