A total of $56.75B was approved for this year’s capital spending under the Public Sector Investment Programme. However, less than 30% of the monies were expended in the first six months of the year.
As such, a number of ways were looked at to fast track spending. According to Minister of State, Joseph Harmon, a recommendation was made for Project Management Officers be employed at the Ministries.
“I believe that is having an effect already, because some of the Ministries already have these officers in there and others that don’t have, the Ministry of Finance is now looking at assisting them to have officers in their Ministries to be able to help push the paperwork,” Harmon told media operatives at a Post Cabinet media briefing on Friday.
Harmon said Cabinet will continue to closely monitor the implementation of the PSIP while he assured that the bulk of the program will be implemented by year end.