Economic Programme Oversight Committee (EPOC) Chairman, Keith Duncan, has underscored the significant advantages of the recent securitisation deal conducted by the Government. Earlier this year, the Government secured US$480 million through the securitisation of assets belonging to the Norman Manley International Airport (NMIA). The Ministry of Finance and the Public Service said the transaction’s net proceeds will be used for...

Prime Minister, Dr. the Most Hon. Andrew Holness, says the Government will not relent in its efforts to disrupt criminal gangs, protect communities and create a safer Jamaica. He gave the assurance during a visit to the Waltham Park Road area of St. Andrew on Tuesday (Nov. 26), where five persons were shot and killed on Monday night (Nov. 25)....

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...