The Government has significantly increased its allocation to the Basic Needs Trust Fund to $573 million in the 2019/20 fiscal year, from $163 million in 2018/19. This was disclosed by Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, as he opened the Budget Debate in the House of Representatives on Thursday (March 7). Financed by grant...

The Ministry of Finance and the Public Service is developing a Public Financial Management Policy for Natural Disaster Risk. Portfolio Minister, Dr. Hon. Nigel Clarke, said that the policy will be submitted to the Cabinet and if approved, laid in Parliament. Dr. Clarke, who was opening the 2019/20 Budget Debate in the House of Representatives on March 7, said the...

The National Housing Trust (NHT) is to spend $39.4 billion on housing activities for the 2019/20 fiscal year. This was disclosed by Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, as he opened the 2019/20 Budget Debate in the House of Representatives on Thursday (March 7). During the new fiscal year, the NHT plans to undertake...

The Government will be conducting a review of public sector compensation with the aim of simplifying and streamlining the process. This was announced by Minister of Finance and the Public Service, Dr. Hon. Nigel Clarke, who said it is intended to make the process more transparent and equitable, while addressing imbalances and inequities over time. “The structure of public sector...

Some $600 million has been included in the 2019/20 Budget to increase pensions for retired Government employees. Opening the 2019/20 Budget Debate in the House of Representatives on Thursday (March 7), Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, said this is in addition to the $600 million increase applied in 2018/19 and approved by Cabinet...

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, says the new public procurement regime will come into force in the new financial year, which begins April 1. Dr. Clarke, who was opening the 2019/20 Budget Debate in the House of Representatives on Wednesday (March 7), explained that new regime will enhance the potential for micro, small...

The Ministry of Labour and Social Security has proposed an average increase of 16.4 per cent to the Programme of Advancement Through Health and Education (PATH) cash grants, with effect from June 2019. This will benefit an estimated 284,000 persons who fall within the vulnerable groups of children, the elderly, pregnant/lactating women, persons with disabilities, and poor adults. This was...

Central Government’s $835.9 billion programmed expenditure for fiscal year 2019/20 will be financed from the Consolidated Fund, and Appropriations-in-Aid. Finance and Public Service Minister, Dr. the Hon. Nigel Clarke, says the Consolidated Fund will cover $803.2 billion, with the remaining $32.7 billion coming from Appropriations-in-Aid. He made the announcement while delivering the opening presentation in the 2019/20 Budget Debate in...