The gross assets of Jamaica’s 150 active public bodies are projected to grow by more than $100 million in fiscal year 2025/26. This was disclosed by Minister of Finance and
The Government will increase Jamaica’s personal income tax threshold to $2 million over a three-year period, commencing April 1. The announcement was made by Minister of Finance and the Public
The 2025/26 Budget Debate begins today (March 11) in the House of Representatives, with Minister of Finance and the Public Service, Hon. Fayval Williams, making her presentation. Mrs. Williams will
Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, says the Stocks and Securities Limited (SSL) fraud case investigation is progressing. “The magnitude of the case has
Work is being undertaken to upgrade the Tax Administration Jamaica (TAJ) portal to provide for a better user experience and facilitate ease of access to the various types of tax
Jamaica is on track to achieve a 72 per cent debt-to-gross domestic product (GDP) ratio by the end of the fiscal year, the lowest in 30 years. Minister of Finance
Tax Administration Jamaica (TAJ) is projected to invest more than $11 billion in capital projects to modernise, upgrade and construct new tax offices across Jamaica over the next three years.
No new taxes will be introduced to finance the Government’s $1.3-trillion Budget for the upcoming fiscal year. Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, who
The Income Tax Act will be amended to increase the maximum participating voting share capital of companies listed on the Junior Stock Exchange from $500 million to $750 million. Minister
The General Consumption Tax (GCT) on all raw foodstuff, imported or domestic, will be removed. Finance and the Public Service Minister, Dr. the Hon. Nigel Clarke, made the disclosure while
Thousands of contract workers in the public sector have been made permanent employees, addressing the long-standing abuse of fixed-term contracts in Government. The disclosure was made by Minister of Finance
The Government has allocated $2.6 billion for the procurement of 100 additional buses prior to the commencement of the 2024/25 academic year, which are expected to improve the experience of
A total of $4.3 billion has been allocated for repairs to and the maintenance of roads, including patching, and bushing of verges. Minister of Finance and the Public Service, Dr.
The Government will continue to build out Jamaica’s infrastructure in the upcoming fiscal year. To this end, a total of $6.3 billion has been allocated to complete the construction of
A total of $19.7 billion has been allocated for the provision of pharmaceutical and medical supplies in the 2024/25 fiscal year. Minister of Finance and the Public Service, Dr. the
Many contract workers now employed in the public sector will be made permanent employees. Ministry of Finance and the Public Service, Dr. the Hon. Nigel Clarke, made the disclosure as
The United Kingdom (UK)-based Kroll Associates will be providing forensic audit investigative services to the Financial Investigations Division (FID) in the entity’s probe of the Stocks and Securities Limited (SSL)
Starting this September, beneficiaries of the Programme of Advancement Through Health and Education (PATH) who apply to the Students’ Loans Bureau (SLB) will not need guarantors to support their applications.
The Government will be establishing a $1-billion Jamaica Screen Fund to provide financing for the development and production of film and television (TV) shows in the country. Opening the 2023/24
Minister of Labour and Social Security, Hon. Karl Samuda, will announce an increase in the minimum wage in April. This was disclosed by Minister of Finance and the Public Service,
The 2023/24 Budget Debate gets under way in the House of Representatives on Tuesday (March 7), with the opening presentation by Minister of Finance and the Public Service, Dr. the
A sum of $305 million has been allocated for the implementation of the Ministry of Education and Youth’s Education Transformation Programme in the upcoming fiscal year. The sum is contained
Implementation of the Government’s energy management and efficiency programme will continue during the new fiscal year with a $967.17 million allocation. The sum is contained in the 2023/24 Estimates of
Approximately $315 million will be spent by the Government during the upcoming fiscal year to commence constructing the St. Catherine North Police Divisional Headquarters. The provision is set aside in
Work under the Strategic Public Sector Transformation Project in the Ministry of Finance and the Public Service will continue during the upcoming fiscal year with a $149.8-million budgetary provision. This
The Government is proposing to spend a total of $1 trillion for the 2023/24 fiscal year. This is Jamaica’s first trillion-dollar Budget. Minister of Finance and the Public Service, Dr.
Rehabilitation works at the Hope Valley Experimental and August Town Primary schools in St. Andrew are to be completed in the upcoming fiscal year under the Government’s Integrated Community Development
Construction of three fire stations across the island is to be completed during the new financial year. These are the Montego Bay Fire Station in St. James, the Port Maria
Construction of the new Westmoreland police divisional headquarters is slated to commence in the 2022/23 financial year. A sum of $700 million has been allocated in the 2022/23 Estimates of
The ability of the Jamaica Defence Force (JDF) to monitor and safeguard the country’s borders will be strengthened in the new financial year. The Government has allocated $2.7 billion in
The Government has earmarked $2.2 billion to improve cybersecurity initiatives and purchase telecommunications equipment for the security forces. Details of the provision are outlined in the 2022/23 Estimates of Expenditure,
Approximately $83 million has been allocated to continue work on the construction of the Western Children and Adolescent Hospital in Montego Bay, St. James, during the new financial year. Details
The Government will be spending $1 billion on the National HIV/AIDS Response in Jamaica Project over the 2022/2023 fiscal year. Objectives of the programme are geared at reducing AIDS-related morbidity
Approximately $290.5 million has been earmarked to continue implementation of the Jamaica Foundations for Competitiveness and Growth Project. The sum is programmed in the 2022/23 Estimates of Expenditure, now before
Approximately $99.6 million has been allocated to enhance resilience to climate change among targeted fishing and aquaculture communities in Jamaica, under the Promoting Community-Based Climate Resilience and the Fisheries Sector
The Government has budgeted approximately $1.16 billion for the Energy Management and Efficiency Programme in the 2022/23 fiscal year. The programme seeks to promote energy efficiency in government facilities and
More than $2.6 billion has been set aside to continue the Essex Valley Irrigation Infrastructure Development Programme. Details of the provision are contained in the 2022/2023 Estimates of Expenditure, now
More than $1.3 billion has been allocated for the Southern Plains Agricultural Development Project, which aims to provide access to irrigation water on fallow sugar lands, to increase agricultural productivity
Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, says Jamaica must be digitised, as indicated by the Government’s $20-billion CARE Programme, which benefited more than 440,000
The Planning Institute of Jamaica (PIOJ) said growth of 6.2 per cent is expected in the construction industry for the October to December 2020 quarter. Finance and Public Service Minister,
The Government has allocated $31.1 billion towards an infrastructure programme, which will drive jobs and economic activity, improve productivity and strengthen resilience. Details of the programme were provided by Minister
The Government is to roll out a Conditional Cash Transfer for the Vaccinated (CCTV) sub-programme, to benefit more than 100,000 Jamaicans, who will each receive a sum of $10,000. It
A sum of $200 million has been allocated to the National Works Agency (NWA) for river training, which will employ Jamaicans in rural Jamaica in necessary disaster mitigation work, protecting
A sum of $5 billion has been allocated by the Government towards the provision of financing for businesses. This is being facilitated under the $60-billion Social and Economic Recovery and
The Government will spend $16.4 billion to support the most vulnerable in the society in the new fiscal year beginning on April 1. Opening the 2021/22 Budget Debate in the
For the upcoming fiscal year, Jamaica will invest $114 billion or approximately six per cent of gross domestic product (GDP) in education. Opening the 2021/22 Budget Debate in the House
Among the Government’s top priorities for economic recovery is ensuring that social support is bolstered to assist vulnerable persons, who are most affected by the coronavirus (COVID-19) pandemic, says Finance
In the upcoming financial year, the Government will be advancing the passage of two companion Bills, which will enable the creation of a framework to bring the operations of credit
Finance and the Public Service Minister, Dr. the Hon. Nigel Clarke, on Tuesday (March 9) announced that the Government will not be introducing any new taxes to fund the $830.8-billion
The transition of the Bank of Jamaica (BOJ) to an independent institution is slated to take effect on April 16, 2021. Minister of Finance and the Public Service, Dr. the
