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Dr. the Most Honourable Andrew Michael Holness ON, PC, MP.

60 Buses to Launch Dedicated School Bus System by September 2025

Students in rural Jamaica will begin benefiting from a dedicated school-bus system in September 2025. This was disclosed by Prime Minister, Dr. the Most Hon. Andrew Holness, during his contribution to the 2025/26 Budget Debate in the House of Representatives...

Leader of the Opposition, Mark Golding, making his contribution to the 2025/26 Budget Debate in the house of Representatives on Tuesday (March 18) at Godon House.

Opposition Leader Hails Reduction in Murders

Chairman, Independent Fiscal Commission (IFC) Advisory Committee, Keith Duncan (left), and IFC Commissioner, Courtney Williams (second left), converse with other members of the entity’s administration. They include Advisory Committee Member, Nancy Pinchas, and Deputy Commissioners, Fabian Lewis (second right) and Hugh Morris. The interaction occurred during the IFC’s inaugural press conference at The Jamaica Pegasus hotel in New Kingston on Monday (March 17).

2025/26 Budget Deemed Credible by the Independent Fiscal Commission

Minister of Finance and the Public Service, Hon. Fayval Williams, opens the 2025/26 Budget Debate in the House of Representatives on Tuesday (March 11).

Single Tax Rate on Dividends to Attract Investors

GCT Exemption Threshold for MSMEs Increased to $15 Million

1 year ago BudgetFinance & Public Service

Gov’t Set to Roll Out Public Sector Pay-for-Performance System in 2025/26

As fiscal year 2025/26 approaches, the Government plans to undertake significant implementation of the pay-for-performance element of the new public-sector compensation system. Minister of Finance and the Public Service, Hon. Fayval Williams, made the disclosure as she opened the 2025/26 Budget Debate in the House of Representatives on Tuesday (March 11). “We have begun the conversations with our union partners...

Minister of Finance and the Public Service, Hon. Fayval Williams, emphasises a point while delivering the opening 2025/26 Budget Debate presentation in the House of Representatives on Tuesday (March 11).

1 year ago BudgetDevelopmentFinance & Public Service

Gov’t Moves to Update Income Tax Relief Act for Large-Scale Projects and Pioneer Industries

The Government is in the process of repealing and updating the Income Tax Relief (Large-Scale Projects and Pioneer Industries) Act to, “ensure that it is fit for purpose” according to Minister of Finance and the Public Service, Hon. Fayval Williams. The revamped legislation is expected to offer a range of tax benefits to large-scale investors. Minister Williams, who was delivering...

Minister of Finance and the Public Service, Hon. Fayval Williams, delivers the opening 2025/26 Budget Debate presentation in the House of Representatives on Tuesday (March 11).

1 year ago BudgetCommerceFinance & Public ServiceIndustryInvestment

Jamaica Stock Exchange to Establish Micro Market

The Government has accepted a proposal from the Jamaica Stock Exchange (JSE) to establish a Micro Market. The JSE Micro Market will meet the needs of micro, small and medium-size enterprises (MSMEs) in the $10 million to $50 million participating equity capital bracket. This was announced by Minister of Finance and the Public Service, Hon. Fayval Williams, while opening the...

1 year ago BudgetFinance & Public Service

Microinsurance Legislation Heading to Parliament in Fiscal Year 2025/26

Legislation aimed at facilitating the establishment of microinsurance for low-income earners will be introduced to Parliament during fiscal year 2025/26. This was disclosed by Minister of Finance and the Public Service, Hon. Fayval Williams, during her maiden 2025/26 Budget Debate presentation in the House of Representatives on Tuesday (March 11). She stated that an insurance company, in providing an estimate,...

1 year ago BudgetBudget 2025/2026Finance & Public Service

Public Bodies Gross Assets Projected to Grow by More Than $100m in 2025/26

The gross assets of Jamaica’s 150 active public bodies are projected to grow by more than $100 million in fiscal year 2025/26. This was disclosed by Minister of Finance and the Public Service, Hon. Fayval Williams, while opening the 2025/26 Budget Debate in the House of Representatives on Tuesday (March 11). “Public bodies are expected to end the new fiscal...

Minister of Finance and the Public Service, Hon. Fayval Williams, gives her maiden Budget presentation in the House of Representatives, on Tuesday (March 11).

1 year ago BudgetFinance & Public ServiceSpeeches

Government to Reduce Bond on Duties Paid by New Car Dealers

The Government will be reducing the bond on duties paid by new-car dealers from 100 per cent to 20 per cent. The announcement was made by Minister of Finance and the Public Service, Hon. Fayval Williams, as she opened the 2025/26 Budget Debate in the House of Representatives on Tuesday (March 11). Mrs. Williams said the decision followed requests from...

1 year ago BudgetBudget 2025/2026Finance & Public ServiceSpeeches

Personal Income Tax Threshold Moves to $2 Million

The Government will increase Jamaica’s personal income tax threshold to $2 million over a three-year period, commencing April 1. The announcement was made by Minister of Finance and the Public Service, Hon. Fayval Williams, while opening the 2025/26 Budget Debate in the House of Representatives on Tuesday (March 11). She said that the threshold will be increased in three tranches...