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Prime Minister Andrew Holness making his Budget Debate presentation in the House of Representatives yesterday (March 21).

NHT to Provide 8,000 New Loans Valued at $17.8 Billion

Prime Minister, the Most Hon. Andrew Holness, has announced that the National Housing Trust (NHT) plans to write more than 8,000 new loans at a value of $17.8 billion for the 2017/18 financial year, as it unveils increased benefits for...

Prime Minister, the Most Hon. Andrew Holness (second left), embraces outgoing Leader of the Opposition, the Most Hon. Portia Simpson Miller (left), following her contribution to the 2017/18 Budget Debate in the House of Representatives on March 16. It was Mrs. Simpson Miller's final budget presentation in Parliament as Opposition Leader. Shaking hands in the background (from right) are Minister without Portfolio in the Ministry of Economic Growth and Job Creation, Hon. Dr. Horace Chang and Opposition Spokesperson on Finance, Dr. Peter Phillips. Seated is Member of Parliament for North West St. Catherine, Robert Pickersgill.

Opposition Leader Proposes Special Standing Committee on Social Security

Minister of Finance and the Public Service, Hon. Audley Shaw (right), opens the 2017/18 Budget Debate in the House of Representatives on March 9. Listening are Transport and Mining Minister, Hon. Mike Henry (left); and Minister without Portfolio in the Ministry of Economic Growth and Job Creation, Hon. Dr. Horace Chang.

Minister Shaw Outlines Financing of 2017/18 Budget

Minister of Finance and the Public Service, Hon. Audley Shaw. (FILE)

$16.5 Billion to Develop and Improve Infrastructure

New Public Debt Definition will Help to Achieve Target

9 years ago Budget 2017/2018

Debate on Pensions Bill to Get Under Way Wednesday

Minister of Finance and the Public Service, Hon. Audley Shaw, says debate on a Bill that seeks to establish a contributory pension scheme in the public sector is set to begin in the House of Representatives Wednesday (March 15). The legislation seeks to, among other things, make it mandatory for all pensionable officers to contribute five per cent of their...

9 years ago Budget 2017/2018Finance & Public Service

Finsac Report to be Available in Six Months

The report from the Financial Sector Adjustment Company (FINSAC) Commission of Enquiry into the collapse of the financial sector is expected to be completed within the next six months. Minister of Finance and the Public Service, Hon. Audley Shaw, made the disclosure while opening the 2017/18 Budget Debate in the House of Representatives on Thursday (March 9). The Minister, earlier...

9 years ago Budget 2017/2018Finance & Public Service

Finance Minister Announces New Revenue Measures to Earn $13.5 Billion

Minister of Finance and the Public Service, Hon. Audley Shaw, has outlined new revenue measures to raise $13.5 billion to finance the 2017/18 Budget. This includes an increase in the Special Consumption Tax (SCT) on fuel to range from $0.43 to $7.36 per litre. This measure is expected to earn $7.5 billion and will take effect at the pumps as...

9 years ago Budget 2017/2018Education

Minister Shaw Announces Reduction in Interests Rates on SLB Loans

The Student Loan Bureau (SLB) will be reducing its interest rates on loans for selected areas of study. This was disclosed by Minister of Finance and the Public Service, Hon. Audley Shaw, while opening the 2017/18 Budget Debate in the House of Representatives yesterday (March 9). He said for study in the areas of Maritime and Logistics, Agriculture, Engineering, and...

Minister of Finance and the Public Service, Hon. Audley Shaw (right), goes over documents with Minister of State in the Ministry, Fayval Williams, before opening the 2017/18 Budget Debate in the House of Representatives on March 9.

9 years ago Budget 2017/2018Finance & Public Service

Gov’t to Spend $179.5 Billion on Wages and Salaries

The Government will be spending $179.5 billion on wages and salaries in the 2017/18 financial year, a 5.2 per cent increase over the current year. This was announced by Minister of Finance and the Public Service, Hon. Audley Shaw, as he opened the Budget Debate in the House of Representatives on Thursday (March 9). He said the compensation of employees...

9 years ago Budget 2017/2018Finance & Public Service

The Budget and You

Each year, the Government makes known its plans for economic and social development of the country, through its Budget. Chief Executive Officer, Private Sector Organisation of Jamaica, Dennis Chung, explains that “the Budget is a provision and projection of what we [Jamaica] expect to receive in terms of income and what we expect to spend in terms of expenses for...

In this file photo, Minister of Culture, Gender, Entertainment and Sport, Hon. Olivia Grange (left), speaks to young footballers at the launch of the Digicel Kickstart Clinic 2016, at the Whole Life Sports Centre, Devon Road, in Kingston.

9 years ago Budget 2017/2018

More than $697 Million Allocated for Promotion of Sports

More than $697 million will be used for the promotion of sports in the upcoming fiscal year. This is outlined in the 2017/18 Estimates of Expenditure now before the House of Representatives. The promotion of sports programme, which falls under the Ministry of Culture, Gender, Entertainment and Sport, is responsible for the development and implementation of sporting activities at the...