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Traffic ticket amnesty fall short of projected revenue
6:04 am, Thu November 8, 2012
The Ministry of Finance is to provide Parliament's Public Administration and Appropriations Committee, PAAC, with an update on how the shortfall from the traffic ticket amnesty is impacting the 2012/2013 Budget.
The Government is trying to fill the gap as the amnesty is not generating the revenue that was projected.
Only one per cent of the expected inflows has been realised.
It was projected that the Government would have collected nearly J$500 million from outstanding traffic tickets.
Another J$450 million was expected from new tickets.
However, it was revealed during Wednesday's sitting of the PAAC that with eight months gone in the financial year, only J$5.5 million in outstanding arrears has been collected.
Permanent Secretary in the National Security Ministry, Ann Marie Barnes, admitted that other areas in the Ministry have been affected.
To offset the shortfall, $J46 million had to be re-allocated from other Ministries.
6:04 am, Thu November 8, 2012
The Ministry of Finance is to provide Parliament's Public Administration and Appropriations Committee, PAAC, with an update on how the shortfall from the traffic ticket amnesty is impacting the 2012/2013 Budget.
The Government is trying to fill the gap as the amnesty is not generating the revenue that was projected.
Only one per cent of the expected inflows has been realised.
It was projected that the Government would have collected nearly J$500 million from outstanding traffic tickets.
Another J$450 million was expected from new tickets.
However, it was revealed during Wednesday's sitting of the PAAC that with eight months gone in the financial year, only J$5.5 million in outstanding arrears has been collected.
Permanent Secretary in the National Security Ministry, Ann Marie Barnes, admitted that other areas in the Ministry have been affected.
To offset the shortfall, $J46 million had to be re-allocated from other Ministries.
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