Some 243,000 Jamaicans have been approved for the Government’s Reverse Income Tax Credit. This financial initiative is designed to assist persons earning below $3 million annually, who meet the specific criteria, to receive a one-off $20,000 payment. Addressing the House of Representatives on a motion for the approval of the first supplementary estimates for fiscal year 2024/25 on Tuesday (October...

The Senate passed the Appropriations (Amendment) Bill, today (April 12), which seeks to remove, from the Act, the amounts related to statutory expenditures that were inadvertently included in the schedule. The legislation was piloted by Minister of Foreign Affairs and Foreign Trade and Leader of Government Business in the Senate, Hon. Kamina Johnson Smith. Senator Johnson Smith reiterated that the...

Prime Minister, the Most Hon. Andrew Holness, has announced that $9 billion is earmarked under the revitalised Urban Renewal Programme to increase the output of low-income housing solutions. “The National Housing Trust (NHT) is now in a position to increase the output of low-income solutions under the Urban Renewal Programme and will commit an initial $9 billion in 2024/25, with...

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, says the Reverse Income Tax Credit provision is intended for the mass of working citizens who contribute to the Jamaican economy through monthly or regular statutory deductions. Closing the 2024/25 Budget Debate in the House of Representatives on Tuesday (March 26), Dr. Clarke said the primary beneficiaries will...

A Working Group is being established to review the Additional Stamp Duty (ASD) regime, including the application for raw foods, with a view to making necessary adjustments in consultation with stakeholders. This is in keeping with the Government’s commitment to undertake the exercise expeditiously. Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, made the disclosure as...

Increased focus will be placed on the Washington Boulevard Improvement Project in fiscal year 2024/25, as the Government works to transform the major roadway that serves as the entry into Kingston. Prime Minister, the Most Hon. Andrew Holness, in making his contribution to the 2024/25 Budget Debate in the House of Representatives recently, said that the project will stretch from...

Prime Minister, the Most Hon. Andrew Holness, has outlined plans for a Lucea-Hopewell Bypass to assist in easing congestion in the Hanover towns. Mr. Holness, during his recent contribution to the 2024/25 Budget Debate, told the House of Representatives that the bypass will be a four-lane highway that starts at a grade-separated intersection along the new Long Hill Bypass that...