The Government has made a budgetary allocation of $406 million to commence the second phase of the Rehabilitation of Research Centres project in the agricultural sector in the upcoming fiscal year. The allocation is contained in the 2024/25 Estimates of Expenditure, which was tabled in the House of Representatives by Minister of Finance and the Public Service, Dr. the Hon....

The Planning Institute of Jamaica (PIOJ) is reporting that the economy grew by an estimated 1.9 per cent during the October to December 2023 quarter, compared with the corresponding period in 2022. Speaking during the PIOJ’s quarterly briefing on Wednesday (February 21), Director General, Dr. Wayne Henry, said the out-turn for the review quarter largely reflected the impact of higher...

The final audit and evaluation of the Public Sector Transformation Implementation Project is to be conducted in the upcoming fiscal year. Details of the undertaking are outlined in the 2024/25 Estimates of Expenditure, tabled in the House of Representatives by Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, on February 15. The Ministry of Finance and...

Local innovators will soon benefit from the establishment of a technology commercialisation suboffice that will offer assistance in getting their products on the market. This follows a partnership between the Scientific Research Council (SRC) and the Development Bank of Jamaica (DBJ). A brainchild of the DBJ, the suboffice was initially designed to help universities commercialise research output but will now...

Bank of Jamaica (BOJ) Governor, Richard Byles, says real gross domestic product (GDP), which is the total value added generated from economic activity, continues to expand. He noted that despite the impact of bouts of adverse weather on the agricultural sector, real GDP for the December 2023 quarter is estimated to have grown within the range of one to three...

Approximately $441.7 million has been budgeted by the Government to complete construction of the Christiana Tax Office in Manchester, to replace the existing facility. The sum is earmarked in the 2024/25 Estimates of Expenditure, tabled in the House of Representatives by Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, on February 15. Tax Administration Jamaica (TAJ)...

The diagnostic centre at the College of Agriculture, Science and Education (CASE) in Portland is expected to be completed in the 2024/25 fiscal year. A sum of $180 million has been allocated for the undertaking in the 2024/25 Estimates of Expenditure, which was tabled in the House of Representatives by Minister of Finance and the Public Service, Dr. the Hon....

The Government will be constructing and operationalising a 6,826 sq. ft (634 sq. metre) Justice Centre in May Pen, Clarendon, to facilitate the provision of restorative justice, child diversion and mediation services. Funding for the project, which is expected to cost $54.3 million, is earmarked in the 2024/25 Estimates of Expenditure. This was recently tabled in the House of Representatives...

The Government will be spending $845 million in its continued thrust to end the shift system and reduce overcrowding in schools, by constructing additional classrooms and other amenities during the upcoming fiscal year. Among the projects listed in the 2024/25 Estimates of Expenditure are the completion of architectural and civil/structural designs for Dias Infant School, and Papine and Newell High...