The Ministry of Finance and the Public Service will again be releasing another edition of their Citizens’ Guide to the Budget. The document, which will be available on the website of the Ministry, is aimed at helping Jamaicans understand the technical terms and processes that are associated with the formulation of the National Budget. Speaking with JIS News, Director of...

Efforts are being made to increase the stipend that is paid to jurors in a bid to encourage more persons to serve. Minister of Justice, Hon. Delroy Chuck, informed that a submission has been made to the Ministry of Finance and the Public Service to deal with the matter. “The proposal is to more than double what is paid now...

Fitch Ratings Agency, today, March 5, 2024, upgraded Jamaica’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’, with the outlook remaining “Positive”. The rating upgrade results from the Government’s continued commitment to a stable economic policy framework underpinned by the Bank of Jamaica’s inflation-targeting monetary policy as well as sound fiscal management anchored on debt reduction targets. The Ratings Agency,...

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, says the Government will be implementing measures to ensure greater spend of Capital Expenditure (CapEx) in the upcoming fiscal year. Dr. Clarke, who was addressing the sitting of the Standing Finance Committee of the House of Representatives on Tuesday (March 5), said that the projects that fell behind...

The Government plans to institute legislation for the establishment of a business improvement district. Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, made the disclosure during Tuesday’s (March 5) meeting of the Standing Finance Committee of the House of Representatives, whose members are reviewing the 2024/25 Estimates of Expenditure. “We’re working on a project with the...

A rehabilitation plan is being crafted for Vale Royal by the Jamaica National Heritage Trust (JNHT). This was disclosed by Minister without Portfolio with responsibility for Information in the Office of the Prime Minister, Hon. Robert Morgan, while responding to questions from members of the Standing Finance Committee of the House, which is reviewing the 2024/25 Estimates of Expenditure, on...

The Government will be renewing Jamaica’s catastrophe bond coverage to provide financial protection against losses incurred from named storms for four Atlantic tropical cyclone seasons, ending in December 2027. Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, made the disclosure during Tuesday’s (March 5) sitting of the Standing Finance Committee of the House of Representatives, whose...

Tourism Minister, Hon. Edmund Bartlett, says Jamaica is expected to welcome 4.2 million visitors and earn US$4.1 billion by the end of the 2023/24 fiscal year. He made the disclosure during Tuesday’s (March 5) meeting of the Standing Finance Committee of the House of Representatives, whose members are reviewing the 2024/25 Estimates of Expenditure. “For 2024/25, it is intended to...

Income Tax Filers who have not yet done so, are being reminded that they should be making final preparations for the filing of their annual Income Tax Returns and supporting documents. Income Tax filers include all self-employed persons, employed persons with additional sources of income, corporate bodies, and organizations such as Partnerships, Trusts, Estates, Building Societies, and Life Assurances as...