Budget Debate 2025/2026

BUDGET DEBATE

Budget 2025/2026

NHT to Expand Scope of Home Grants

The National Housing Trust (NHT) will be expanding the scope of home grants and its targeted institutional loan programme, Prime Minister, Dr. the Most Hon. Andrew Holness, has announced. Dr.

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Budget 2025/2026

Minimum Wage Moves to $16,000 June 1

The national minimum wage will be increased from $15,000 to $16,000 per 40-hour work week, effective June 1, 2025, representing a 6.7 per cent increase. Prime Minister, Dr. the Most

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Budget 2023/2024

HAJ to Develop 14,000 Housing Solutions

The Housing Agency of Jamaica (HAJ) is to undertake the development of 14,000 housing solutions out of the national target of 70,000. To date, the entity has achieved approximately 4,000

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Budget 2023/2024

Work Continues Under Plan Secure Jamaica

The Government will continue to strengthen the country’s legislative framework under Plan Secure Jamaica. Plan Secure Jamaica provides a comprehensive and holistic approach to tackling crime and ensuring a safe

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Budget 2023/2024

30 Per Cent Cut in PPV Renewal Fees

Prime Minister, the Most Hon. Andrew Holness, has announced a 30 per cent cut in renewal fees for public passenger vehicles (PPVs). He said that the support, which will last

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Budget 2022/2023

New NHT Financing Framework

The National Housing Trust (NHT) has developed a new financing and product delivery framework that is intended to significantly increase the supply of new housing solutions. The move is in

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Budget 2022/2023

NHT Doubles Disability Grant To $300,000

Effective July 1, 2022, the National Housing Trust (NHT) will double the disability grant benefit, allocating up to $300,000 per individual. Prime Minister, the Most Hon. Andrew Holness, announced that

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UDC To Divest Lands During 2022/23

For the 2022/23 financial year, the Urban Development Corporation (UDC) will focus on the monetisation of its land assets through divestments, as well as the continuation of its project management

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Budget 2022/2023

NWC To Improve Old Infrastructure

For the 2022/23 fiscal year, the National Water Commission (NWC) will remain committed in its efforts to improve the aged infrastructure and expand the coverage of its network across the

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Budget 2022/2023

Debt-To-GDP Ratio To Fall To 96 Per Cent

Jamaica’s debt-to-gross domestic product (GDP) ratio is projected to recover to 96 per cent by March 2022 as the economy continues its strong rebound from the coronavirus (COVID-19) pandemic. The

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Budget 2022/2023

Operations At Jamalco To Resume June

Operations at bauxite and alumina company, Jamalco, are expected to resume by June 2022. Production at the Clarendon-based plant was halted due to a major fire last August that destroyed

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Budget 2021/2022

New Protected Areas Legislation Coming

The Government will be promulgating a new Protected Areas Act to enable the creation and regulation of a National Protected Areas System (NPAS) that is representative of Jamaica’s biological and

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UDC To Undertake Climate-Resilient Projects

Prime Minister, the Most Hon. Andrew Holness, says over the next 12 months the Urban Development Corporation (UDC) will be undertaking several climate-resilient projects across the island. The infrastructure projects

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