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During the FY2016/17 Budget presentation, the Hon. Audley Shaw, Minister of Finance and the Public Service, announced that the Income tax threshold would be increased from $592,800 to $1,000,272.00. This in effect means that all pensioners, P.A.Y.E. self-employed and other individuals would benefit … Continued
The Ministry of Education, Youth and Information is advanced in its efforts to remove pit latrines from all schools by 2017. Minister of State in the Ministry, Hon. Floyd Green, informed that this will be done with the help of … Continued
The Ministry of Health, through the National Health Fund, will be providing $1 million to each Member of Parliament to support Zika activities at the constituency level. The funding will be channelled through the Ministry of Local Government and Community … Continued
The Senate on Tuesday (May 31) passed the Appropriations Bill, which authorises the Government to spend funds allocated in the 2016/17 Budget. The $580 Billion budget was passed last Wednesday (May 25) in the House of Representatives. Deputy Leader of … Continued
The Government has increased the allocation for national security in the 2016/17 Budget. “The total resources provided is $59.2 billion, up by $2.4 billion from the $56.8 billion provided in the Revised Budget of 2015/2016,” said Minister of Finance and … Continued
Prime Minister, the Most Hon. Andrew Holness, says the Government will be seeking to speed up the implementation of a National Identification System (NIDS). He informed that grant funding for the project has been secured and some development work has … Continued
Prime Minister, the Most Hon. Andrew Holness, says the Government will be taking “bold and decisive” measures to significantly reduce crime and violence in the country, particularly against the most vulnerable. Among the measures to be implemented is a special … Continued
Prime Minister, the Most Hon. Andrew Holness, has announced that a National Policy Office will be established, which will drive the Government’s economic growth strategy. He said the office will augment the work of the Ministry of Economic Growth … Continued
Prime Minister, the Most Hon. Andrew Holness, said the Government intends to continue the overhaul of the tax system to promote reliability, equity and economic efficiency. Mr. Holness made the comment during his Budget Debate presentation in the House … Continued
The Government will be embarking on a programme to establish recreational spaces across Jamaica. This will be undertaken through collaboration between the Sports Development Foundation (SDF) and the Culture, Health, Arts, Sports and Education (CHASE) Fund. The $15 million … Continued
The Bank of Jamaica (BoJ) will be maintaining a presence in the foreign exchange market until it settles. “This presence underscores the Government’s commitment to ensuring orderly conditions in the foreign exchange market within the context of a flexible … Continued
The Government is moving to tackle the problem of domestic violence through the implementation of a Domestic Violence Coordinator programme. Prime Minister, the Most Hon. Andrew Holness, in his 2016/17 Budget Debate presentation in the House of Representatives on May … Continued
Negotiations have started between the Government and a German firm to establish a major dry dock facility that has the potential to employ 500 Jamaicans when operational. Prime Minister, the Most Hon. Andrew Holness, made the disclosure during his contribution … Continued
President of the Jamaica Manufacturers’ Association (JMA), Metry Seaga, has hailed the Prime Minister’s 2016 budget presentation for addressing the needs of low income earners. Citing the Prime Minister’s announcement in the House on May 24 that some National … Continued
The Government will be investing $300 million through the Integrated Community Development Project (ICDP) and the European Union’s Poverty Reduction Programme (PRP), to benefit hundreds of at-risk youth. This initiative will benefit youth in communities prioritized by the national Community … Continued
The Government is negotiating with a major investor to revitalise the country’s rail service at a cost of US$270 million. Making the disclosure on May 24, Prime Minister the Most Hon. Andrew Holness, said the revitalisation project is expected to … Continued
The National Housing Trust (NHT) will partner with several public and private sector entities to develop more than 10,000 housing solutions over the next four years. Among these is the Urban Development Corporation (UDC) , which Prime Minister, the Most … Continued
Prime Minister, the Most Hon. Andrew Holness, says the Government is committed to pursuing effective social protection and human capital development, even as it strives for shared prosperity, economic growth and job creation. Making his 2016/17 Budget Debate presentation in … Continued
The Government has increased the income band for persons accessing zero percent loans from the National Housing Trust (NHT) from $7,500 to $12,000 per week. “This means that all workers in Jamaica, who earn $12,000 per week and less will … Continued
The Government has increased the budgetary allocation to the Programme of Advancement through Health and Education (PATH) by $520 million. Prime Minister, the Most Hon. Andrew Holness, made the announcement on May 24 during his contribution to the 2016/17 Budget … Continued