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 of Finance and the Public Service, Dr. the Hon. Nigel Clarke, said the measures are in an effort to further facilitate growth of the micro, small and medium-sized enterprise (MSME)...

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 opening the 2024/25 Budget Debate in the House of Representatives on Tuesday (March 12). The measure, which will take effect in the first quarter of the new financial year, is...

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 and the Public Service, Dr. the Hon. Nigel Clarke, while opening the 2024/25 Budget Debate in the House of Representatives on Tuesday (March 12). He shared that 8,000 contract workers...

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 the commuting public. Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, provided the details as he opened the 2024/25 Budget Debate in the House of Representatives...

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 Hon. Nigel Clarke, made the disclosure as he opened the 2024/25 Budget Debate in the House of Representatives on Tuesday (March 12). “This is not the ‘Shared Prosperity through...

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 the Harbour View to Port Antonio section of the Southern Coastal Highway Project and commence works on Phase three of the local roadwork construction packages. Also, $10.2 billion has been...

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 Hon. Nigel Clarke, made the disclosure as he opened the 2024/25 Budget Debate in the House of Representatives on March 12. Dr. Clarke informed that there has been an increase...