$4 Billion Identified for JEEP

February 10, 2012

The Full Story

At least $4 billion has been identified to fund the Jamaica Emergency Employment Programme (JEEP).

The project is scheduled to be rolled out before the end of the current financial year on March 31, 2012.

This was disclosed by Minister of Finance, Planning and the Public Service, Hon. Dr. Peter Phillips during Wednesday’s (Feb. 8) Jamaica House press briefing.

In terms of funding for the programme the Minister said this would come from “the reorientation of expenditure” from projects such as Jamaica Development Infrastructure Programme (JDIP).

Dr. Phillips explained that not all of the committed funds for JDIP were expended during the previous administration, and while there were over commitments “not all of those commitments were at the point where they could not be retrieved… and there are other capital commitments that were not drawn down in the current fiscal year, which we think can be reviewed and focused on employment intensive implementation."

Minister Phillips advised that his colleague Minister of Transport and Works, Hon. Dr Omar Davies, would elaborate in Parliament “the details of the JEEP and its implementation schedule, which would extend over more than one fiscal year."

 

By Allan Brooks, JIS Senior Reporter

Last Updated: July 31, 2013