Minister of Finance and the Public Service, Hon. Fayval Williams, on Thursday (February 12) tabled new revenue measures for implementation in fiscal years 2026/27 and 2027/28. The Government is projected to earn approximately $29.439 billion in fiscal year 2026/27 from these measures. Mrs. Williams explained that the Independent Fiscal Commissioner raised concerns that successive governments have failed to table revenue...

The Jamaica Special Economic Zone Authority (JSEZA) has facilitated nearly US$1 billion in investments, to date. Governor-General, His Excellency the Most Hon. Sir Patrick Allen, noted that these include US$34 million during fiscal year 2025/26. He pointed out that this is among several investments undertaken by the Government in 2025/26, which have strengthened Jamaica’s investment climate, supported micro, small and...

Minister of Finance and the Public Service, Hon. Fayval Williams, has welcomed the latest Fitch Ratings, which has maintained Jamaica’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BB-’, with a stable outlook. Fitch, in a statement on February 5, indicated that the Government has a strong decade-plus track record of adhering to a solid fiscal framework, which has resulted in...

Minister of Finance and the Public Service, Hon. Fayval Williams, says the Government’s investment in sub-sea fibre-optic cable will reduce connectivity costs and facilitate business to boost economic growth. The Government recently signed a letter of intent with Trans Americas Fiber System for the Sub-sea Cable Project, which aims to strengthen the country’s digital infrastructure and resilience. Addressing the meeting...

Minister of Finance and the Public Service, Hon. Fayval Williams, has underscored that the private sector will play an integral role in the work that will be undertaken by the National Reconstruction and Resilience Authority (NaRRA) to fast-track the national rebuilding effort in the aftermath of Hurricane Melissa. Mrs. Williams was responding to questions regarding avenues for investments on the...

The Development Bank of Jamaica (DBJ) is working with the Jamaica Business Development Corporation (JBDC) to undertake a review of the GEMINI Grant Programme. Minister of Finance and the Public Service, Hon. Fayval Williams, made the disclosure during the Standing Finance Committee meeting on Tuesday (February 3), at Gordon House. “The DBJ is saying that the Gemini programme is under...

The House of Representatives has approved the Fourth Supplementary Estimates for the fiscal year 2025/26, which reflects an increase in government expenditure of $14.36 billion. The Estimates, approved on February 3, proposes a total expenditure of approximately $1,391,236,935, an increase of the Budget from the third supplementary estimates of $1,376,876,935. In her remarks, Minister of Finance and the Public Service,...