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,...

In the upcoming fiscal year, the Government will implement a new phase of the Public Sector Transformation Programme to build on the gains made in the first phase. This was stated by Minister of Finance and the Public Service, Hon. Fayval Williams, when she opened the 2025/26 Budget Debate in the House of Representatives on March 11. “Phase Two will...

Minister of Finance and the Public Service, Hon. Fayval Williams, on Tuesday (March 11), outlined how the $1.26-trillion Budget for the 2025/26 fiscal year will be funded. Opening the 2025/26 Budget Debate in the House of Representatives, Mrs. Williams said the budget will be funded with $949.5 billion of tax revenues; $139.8 billion of non-tax revenues; $812 million of bauxite...

Tax Administration Jamaica (TAJ) will be introducing Saturday operations at select tax offices in every parish across the island. The move is aimed at improving taxpayer convenience and boosting revenue collection. TAJ currently provides weekend services every last Saturday of the month at selected locations. Minister of Finance and the Public Service, Hon. Fayval Williams, made the disclosure in her...

The Students’ Loan Bureau (SLB) will be offering new clients a longer repayment period of 10 years, instead of the current seven and five years. Minister of Finance and the Public Service, Hon. Fayval Williams, announced plans to enhance the SLB’s offerings, during her 2025/26 Budget Debate opening presentation in the House of Representatives on Tuesday (March 11). She indicated...

The Government has allocated $1 billion in the 2025/26 Budget to assist the first 20,000 new customers joining the Jamaica Public Service Company (JPS) prepaid electricity programme. This provision will cover payments for house wirings and inspections, aimed at formalising illegal connections and safely integrating those households into the JPS grid. Minister of Finance and the Public Service, Hon. Fayval...

The Ministry of Finance and the Public Service has, so far, received 11 claims as the Government commences discussions with the Unions/Associations for the new contract period. Portfolio Minister, Hon. Fayval Williams, made the disclosure as she opened the 2025/26 Budget Debate in the House of Representatives on Tuesday (March 11). The Minister informed that the claims were received from...