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Opposition Spokesperson on Finance and Planning, Mark Golding, makes his contribution to the 2019/20 Budget Debate in the House of Representatives on March 12

Private Sector Encouraged to Get More Involved in Vocational Training

Opposition Spokesperson on Finance and Planning, Mark Golding, says the private sector should get more involved in the design and execution of vocational training programmes. Making his contribution to the 2019/2020 Budget Debate in the House of Representatives on March...

Director of Economics at the Caribbean Development Bank (CBD), Dr. Justin Ram, addresses the High Level Symposium for Transport Ministers of the Caribbean Region, held recently at the Iberostar Hotel in Rose Hall, St. James.

CDB Official Hails Jamaica Junior Market as Model for Financing Blue Economy

Minister of Finance and the Public Service, Dr. Hon. Nigel Clarke (left), peruses a document along with International Monetary Fund (IMF) Mission Chief for Jamaica, Dr. Uma Ramakrishnan, prior to the start of Friday’s (March 8) Government of Jamaica (GoJ)/IMF joint press conference at the Ministry’s offices in Kingston for the Fifth IMF Precautionary Stand-By Arrangement (PSBA) Review.

Jamaica Meets All Targets Under Fifth IMF PSBA Review

Students’ Loan Bureau Gets $3 Billion

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, announces the Revenue Measures for the financial year 2019/20, as he opens the 2019/20 Budget debate in the House of Representatives on March 7. Seated from left are: Industry, Commerce, Agriculture and Fisheries Minister, Hon. Audley Shaw and Minister of Science, Energy and Technology, Hon. Fayval Williams.

Debt-to-GDP Ratio to Fall to 96 Per Cent at End of 2018/19

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7 years ago Budget 2019/2020Finance & Public Service

Pensions of Retired Government Employees to be Increased

Some $600 million has been included in the 2019/20 Budget to increase pensions for retired Government employees. Opening the 2019/20 Budget Debate in the House of Representatives on Thursday (March 7), Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, said this is in addition to the $600 million increase applied in 2018/19 and approved by Cabinet...

7 years ago Budget 2019/2020Finance & Public Service

New Public Procurement Regime to Take Effect in 2019/20

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, says the new public procurement regime will come into force in the new financial year, which begins April 1. Dr. Clarke, who was opening the 2019/20 Budget Debate in the House of Representatives on Wednesday (March 7), explained that new regime will enhance the potential for micro, small...

7 years ago Budget 2019/2020Finance & Public Service

New Fiscal Year Expenditure from Consolidated Fund and Appropriations-in-Aid

Central Government’s $835.9 billion programmed expenditure for fiscal year 2019/20 will be financed from the Consolidated Fund, and Appropriations-in-Aid. Finance and Public Service Minister, Dr. the Hon. Nigel Clarke, says the Consolidated Fund will cover $803.2 billion, with the remaining $32.7 billion coming from Appropriations-in-Aid. He made the announcement while delivering the opening presentation in the 2019/20 Budget Debate in...

7 years ago Budget 2019/2020Finance & Public Service

$1 Billion for Social Housing in 63 Constituencies

The Government has allocated $1 billion to the Ministry of Economic Growth and Job Creation to support the implementation of an islandwide social housing programme across all 63 constituencies. Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, said the programme will comprise three modalities – the provision of indigent housing; relocation of vulnerable communities; and the...

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, opens the 2019/20 Budget Debate in the House of Representatives on March 7. Seated from left are: Industry, Commerce, Agriculture and Fisheries Minister, Hon. Audley Shaw, and Minister of Science, Energy and Technology, Hon. Fayval Williams.

7 years ago Budget 2019/2020Finance & Public Service

Gov’t Places Priority on Improving Public Safety

Finance and Public Service Minister, Dr. the Hon. Nigel Clarke, says the National Security Ministry’s 2019/20 budgetary allocation of $20.2 billion reflects the priority being placed by the Government on improving public safety. The provision, which is 28 per cent of the Central Government’s $72.1 billion programmed capital expenditure, is the largest Ministerial provision earmarked for the new fiscal year....

Finance and Public Service Minister, Dr. the Hon. Nigel Clarke, emphasises a point during Friday’s (March 8) post-Budget press conference at the Ministry’s offices in Kingston. He is flanked by Financial Secretary, Darlene Morrison (left), and Deputy Financial Secretary, Diane Black.

7 years ago Budget 2019/2020Finance & Public Service

2019/20 Budget Represents Economic Opportunity for All – Dr. Clarke

Finance and Public Service Minister, Dr. the Hon. Nigel Clarke, says the Government’s 2019/20 programmed expenditure of $835.9 billion represents an inclusive Budget, geared towards improving the quality of life for all Jamaicans. Details of the expenditure were outlined during the Minister presentation to open the 2019/20 Budget Debate in the House of Representatives on Thursday (March 7). “This Budget...

7 years ago Budget 2019/2020Finance & Public Service

Fiscal Council Will Further Institutionalise Economic Independence – Finance Minister

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, says establishment of the Fiscal Council will seek to further institutionalise economic independence by strengthening Jamaica’s Fiscal Responsibility Framework. He points out that the Fiscal Council will be the guardian and interpreter of those fiscal rules which already exist and will help to maintain a path of fiscal...