The Electronic Monitoring System recently rolled out by the Government will cost in excess of $10 million over a three year period.
There is also a million-dollar annual staffing cost.
The figures were revealed during a media conference held today by National Security Minister Fitzgerald Hinds.
Lawrence Hinds, Deputy Director of the Electronic Monitoring Unit, explained how the bracelet works.
Mr Hinds (no relation to the Minister), also explained how a potential breach will be dealt with.
Minister Hinds also warned of stiff penalties for those who try to tamper with the system.
The system is expected to serve as an alternative to prison for criminals and as a bail requirement for certain charges including domestic violence.