$1 Billion Grant for JEEP, SLB and Social Housing

The Jamaica Emergency Employment Programme (JEEP) is one of three main areas, which will benefit from a $1 billion grant from the PetroCaribe Fund during the 2012/13 fiscal year.

The others are the Students Loan Bureau (SLB) and social housing programmes, Finance and Planning Minister, Hon. Dr. Peter Phillips, disclosed on May 24, while opening the 2012/13 budget debate in the House of Representatives. 

In his speech, entitled: ‘A New and Binding Covenant for Stability, Equitable Growth and Prosperity,’ Dr. Phillips said the additional funding for JEEP would not only provide assistance to those, who are in need of a job, but also help to boost the macroeconomic environment.

He advised that Prime Minister, the Most Hon. Portia Simpson Miller, will outline details of the provisions to the social housing programmes, among other areas, during her contribution to the debate.

“So, this is part of our commitment (to the nation), over all. We are not simply about fiscal consolidation. We intend to not only protect the marginalised, but to create the impetus for growth, as well,” he stated.


By Douglas McIntosh, JIS Reporter

JIS Social