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Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, opens the 2020/21 Budget Debate in the House of Representatives n March 10.

Gov’t To Yield Over $12 Billion From TransJamaica Highway

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, says the Government is expected to yield more than $12 billion from transactions related to TransJamaica Highway. Approximately $8.5 billion will be realised from the initial public offering...

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, opens the 2020/21 Budget debate in the House of Representatives on March 10. At left is National Security Minister, Hon. Dr. Horace Chang, while Attorney General, Hon. Marlene Malahoo Forte is in the background.

$1-Billion Safety Net Programme For The Elderly

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke (second left), addresses journalists during Wednesday’s (March 11) post-Budget press briefing at the Ministry’s offices in Kingston. With him are officers of the Ministry.

SLB Extends Grace Period For Repayment

President and Chief Executive Officer of Jamaica Public Service (JPS) Company, Emanuel DaRosa (left), fields questions from residents during the Office of Utilities Regulation’s (OUR) Public Consultation on the JPS’s 2019-2024 tariff review, which was held at the Sharon Baptist Church in Santa Cruz, St. Elizabeth, on Tuesday (March 10). Beside him is Chief Financial Officer (CFO) at the JPS, Vernon Douglas.

JPS LED Street Light Programme To Be Completed Next Year

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, addresses the House of Representatives as he opens the 2020/21 Budget Debate on March 10.

$1-Billion Scholarship Programme For Public Sector Workers

6 years ago Finance & Public Service

BOJ To Roll Out First Phase Of Foreign Exchange Trading Platform

The Bank of Jamaica (BOJ) will be rolling out the first phase of its foreign exchange trading platform this month, which seeks to promote greater inter-bank trading and increase the depth and liquidity of the market. This was announced by Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, as he opened the 2020/21 Budget Debate in...

6 years ago Economic Growth & Infrastructure DevelopmentFinance & Public Service

DBJ To Launch MSME Growth Project

The Development Bank of Jamaica will be undertaking a five-year project aimed at facilitating sustainable and robust growth among micro, small and medium-sized enterprises (MSMEs) and start-ups. The initiative, dubbed ‘Boosting Innovation in Growth and Entrepreneurship Ecosystems (BIGEE)’ will be launched during the new financial year. As stated in the 2020/21 Jamaica Public Bodies Estimates of Revenue and Expenditure, the...

6 years ago Budget 2020/2021CoronavirusFinance & Public ServiceHealth & WellnessParliament

Gov’t Sets Aside $7 Billion In Contingency Funding For COVID-19

The Government has allocated $7 billion in contingency funding towards tackling the novel coronavirus (COVID-19). Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, made the announcement as he opened the 2020/21 Budget Debate in the House of Representatives on March 11. Jamaica recorded its first imported case of COVID-19 on March 10. Dr. Clarke said the...

6 years ago Budget 2020/2021Finance & Public ServiceParliament

Gov’t Announces $18 Billion In Tax Cuts

Reduction of the General Consumption Tax (GCT) rate from 16.5 per cent to 15 per cent is among $18 million in tax cuts announced by the Government. The objective is to stimulate economy activity and to continue the reform of the tax system towards greater levels of equity, efficiency and simplicity. The GCT cut, effective April 1, 2020, will result...

6 years ago Budget 2020/2021CommerceFinance & Public ServiceIndustryParliament

More Opportunities For MSMEs

The full roll-out of the Orders for Special and Differential Treatment Measures (Set Asides) is expected to commence in the third quarter of the upcoming fiscal year. This was announced by Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, as he opened the 2020/21 Budget Debate in the House of Representatives on March 10. Orders for...

(FILE) Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, speaks at the meeting of the Standing Finance Committee of the House of Representatives, on March 3. He will open the 2020/2021 Budget Debate on March 10.

6 years ago Budget 2020/2021Finance & Public ServiceInformationParliamentYouth

Education Gets Largest Share Of Budget

The Ministry of Education, Youth and Information has received the largest share of the Government’s $853.5-billion Budget for 2020/21, totalling some $117 billion. Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, said the provision is $5 billion more than the allocation for 2019/20, and represents the largest increase for the upcoming fiscal year, outside of sums...

6 years ago Budget 2020/2021Finance & Public ServiceParliament

Capital Expenditure Moves From $30 Billion To $70 Billion In Few Years

Jamaica’s capital expenditure budget has increased significantly over the past few years, moving from approximately $30 billion in 2015/16 to $74 billion in financial year 2020/21. This was noted by Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, while opening the 2020/21 Budget Debate in the House of Representatives on March 10. Dr. Clarke said Jamaica...