It leaves $69.6 million in bond capacity for the 2020 supplemental capital budget
ISLAMABAD -- The Executive Board of the International Monetary Fund (IMF) has approved the fund's administrative and capital budgets
for financial year (FY) 2020, beginning on May 1, 2019.
"Unfortunately, just recently, Republicans on the state building commission voted against the capital budget
projects, discarding a decades-old institutional tradition of recommending the governor's capital budget
to the legislative joint finance committee."
'Education has a capital budget
of N25.4 billion, while Health has N13.1 billion as a demonstration of the Government desire to promote equality of opportunity by putting people first.
More than 80 percent of the capital budget
has been allotted for wastewater services in the island.
SPMP has approved of an increase in the capital budget
for the project to $96 million from $70 million.
To ensure that these additional revenues are leveraged to the maximum possible extent, the report suggests specific steps designed to create a far more strategic and realistic approach to the City's capital budget
planning process and to increase the odds of completing capital projects on time and on budget.
The FY2017 capital budget
, set at US$60.5 million, provides financing for new capital projects for building facilities and IT.
The five-year capital budget
has increased by PS26.6m to a total of PS189.1m and is funded by grants, capital receipts, affordable borrowing, contributions and direct revenue funding, it was revealed in a report this week.
Morgado said the proposed capital budget
, submitted by department heads, will be prioritized with some of the higher-cost items, including the police station addition, being delayed until a future year.