The House of Representatives, on Tuesday (February 4), approved the Second Supplementary Estimates, which shows additional spending of $7.966 billion for this fiscal year. This has increased the Budget to $859 billion, with non-debt expenditure moving to $541.4 billion and public debt servicing at $317.6 billion. In his remarks, Minister of Finance and the Public Service, Dr. the Hon Nigel...

Director General of the Planning Institute of Jamaica (PIOJ), Dr. Wayne Henry, says it is necessary for Caribbean countries to continue to strengthen their Public Financial Management (PFM) system, to enhance fiscal responsibility reporting and oversight as well as to manage budgetary resources effectively. Delivering the keynote address at the Caribbean Public Financial Management Conference on Thursday (January 30), at...

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, says collective stakeholder efforts are required at all levels to significantly improve Jamaica's Anti-Money Laundering and Counter-Financing of Terrorism (AML/CFT) framework. Speaking in the House of Representatives on Tuesday (January 28), Dr. Clarke, who noted that extensive measures have, to date, been undertaken to improve the framework, said...

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, says that while “vulnerabilities” exist, Jamaica is finally in a different place of macro-stability, where its future is brighter than it has ever been. Dr. Clarke, who was speaking at Mayor of St. Ann’s Bay, Councillor Michael Belnavis’ Benevolent Ball, at the RIU Ocho Rios Hotel on January...

Business persons who now fall below the new General Consumption Tax (GCT) threshold and are to be deregistered as taxpayers, will have the option to apply to the Commissioner General to be re-registered. This is being facilitated through amendments to the GCT Act, which were approved during Friday’s (January 24) sitting of the Senate. Leader of Government Business in the...

TransJamaican Highway Limited’s (TJH) initial public offering (IPO) could commence next month. “We are hoping sometime in early February or thereabouts,” said Prime Minister, the Most Hon. Andrew Holness. NCB Capital Markets Limited is the lead arranger for the undertaking, which was announced last October. The Prime Minister was speaking during the opening ceremony for the 15th Jamaica Stock Exchange...

The State Opening of Parliament for Fiscal Year 2020/21 will take place on Tuesday, February 11, with the Governor-General delivering the Throne Speech, in which he will outline the Government’s priorities for the new year, which begins on April 1. Leader of Government Business in the House of Representatives, Hon. Karl Samuda, told the House at yesterday’s (January 21) sitting...