The Development Bank of Jamaica (DBJ) is to disburse $8.49 billion in loans, during the 2021/22 fiscal year. As stated in the Public Bodies Estimates of Revenue and Expenditure for the year ending March 2022, the sum is inclusive of US$16.91 million, up from US$10.25 million in 2020/21. The DBJ will also seek to provide financial and non-financial products to...

For the fiscal year 2021/22, the Factories Corporation of Jamaica (FCJ), plans to implement capital programmes valued at $1.32 billion. This is contained in the 2021/22 Public Bodies Estimates of Revenue and Expenditure, tabled in the House of Representatives by Finance and the Public Service Minister, Dr. the Hon. Nigel Clarke. Under the programme, focus will be placed on the...

A total of 185 applications have been submitted to the Secretariat overseeing the Government’s $1-billion Marcus Garvey Graduate Scholarship for Public Sector Employees. Opening the 2021/22 Budget Debate in the House of Representatives on Tuesday (March 11), Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, said the submissions are for the first 30 scholarships being awarded...

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, says the Administration will be engaging trade unions representing government workers during 2021/22, to fine-tune the public-sector compensation review. Opening the 2021/22 Budget Debate, in the House of Representatives on March 9, Dr. Clarke reiterated that consequent on the fiscal pressures resulting from the coronavirus (COVID-19) pandemic, the...

The Government has allocated $10.5 billion to the Ministry of Health and Wellness for special expenses related to the coronavirus (COVID-19). This includes $6 billion for the procurement, storage, distribution and administration of vaccines; $1 billion for personal protective equipment (PPE); $1 billion for drugs and reagents; $2 billion for the Regional Health Authorities (RHAs) to pay arrears to suppliers;...

Finance and the Public Service Minister, Dr. the Hon. Nigel Clarke, says Jamaica opened the 2020/21 fiscal year with cash reserves of approximately $90 billion, or more than four per cent of gross domestic product (GDP). Opening the 2021/22 Budget Debate in the House of Representatives on March 9, Dr. Clarke said this was achieved as a result of the...

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, says sound public policy must be adhered to, as it saved Jamaica from disaster at the onset of the COVID-19 crisis. The Minister, while opening the 2021/2022 Budget Debate in the House of Representatives, on March 9, said that due to the reintegration of public bodies to parent...