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Minister of Finance and the Public Service, Hon. Fayval Williams, opens the Budget Debate in the House of Representatives on Tuesday (March 11).

Natural-Disaster Risk Financing Ensured Swift Recovery from Severe Weather Events – Minister Williams

The Government’s implementation of national natural-disaster risk financing with the many layers of “shock absorbers” ensured the country’s swift recovery from recent severe weather events, says Minister of Finance and the Public Service, Hon. Faval Williams. “Had this Government not...

Leader of the Opposition, Mark Golding, making his contribution to the 2025/26 Budget Debate in the house of Representatives on Tuesday (March 18) at Godon House.

Opposition Leader Hails Reduction in Murders

Director General of the Planning Institute of Jamaica (PIOJ), Dr. Wayne Henry (seated left), and Founder/Executive Director of Young Women of Purpose (YWOP)/Young Men of Purpose (YMOP), Lanisia Rhoden (seated second left), sign a contract for the training of 50 entrepreneurs under the Realise, Embrace, Achieve Your Purpose (REAP) Entrepreneurship Programme, at the PIOJ offices in Kingston on Monday (March 17). Observing are Human Resource Director, PIOJ, Sandra Ward (seated front, right); and (standing from left) are Technical Specialist, PIOJ, Charmaine Brimm; Chief Technical Director, Ministry of Industry, Investment and Commerce, Latoya Richards Franklin; and Senior Programmes, Apprenticeship/Micro, Small and Medium-sized Enterprises (MSMEs) Support Unit Director, HEART/ NSTA Trust, Marlon Johnson.

50 Entrepreneurs to Receive Business Support Under REAP

Chairman, Independent Fiscal Commission (IFC) Advisory Committee, Keith Duncan (left), and IFC Commissioner, Courtney Williams (second left), converse with other members of the entity’s administration. They include Advisory Committee Member, Nancy Pinchas, and Deputy Commissioners, Fabian Lewis (second right) and Hugh Morris. The interaction occurred during the IFC’s inaugural press conference at The Jamaica Pegasus hotel in New Kingston on Monday (March 17).

2025/26 Budget Deemed Credible by the Independent Fiscal Commission

Registration is now open for the 2025 Public Sector Debate Competition. Interested ministries, departments and agencies are to complete the registration form before the March 28 deadline.

Registration Opens for 2025 Public Sector Debate Competition

Minister of Finance and the Public Service, Hon. Fayval Williams, opens the 2025/26 Budget Debate in the House of Representatives on Tuesday (March 11).

11 months ago BudgetFinance & Public Service

Single Tax Rate on Dividends to Attract Investors

The Government will be applying a single tax rate of 15 per cent to dividends for resident and non-resident companies and individuals, which is expected to make Jamaica more attractive to both local and foreign investors. Minister of Finance and the Public Service, Hon. Fayval Williams, made the disclosure when she opened the 2025/26 Budget Debate in the House of...

Prime Minister, Dr. the Most Hon. Andrew Holness, addresses the official launch of Infiniti Cooperative Credit Union Limited at AC Hotel by Marriott Kingston recently.

11 months ago Finance & Public ServicePrime Minister

Prime Minister Encourages Savings Culture Amid Record-Low Unemployment in Jamaica

As the country enjoys historically low unemployment rates, Prime Minister, Dr. the Most Hon. Andrew Holness, encourages Jamaicans to save a portion of their income and embrace fiscal prudence. Jamaica’s unemployment rate has stood at a record low 3.5 per cent as of October 2024. This represents a decrease from the previous record of 3.6 per cent in July 2024,...

Minister of Finance and the Public Service, Hon. Fayval Williams, delivers her maiden Budget presentation in the House of Representatives, on Tuesday (March 11).

11 months ago Finance & Public Service

$2 Billion in Support to MSMES

The Development Bank of Jamaica (DBJ) has been allocated $2 billion in the 2025/26 Estimates of Expenditure to support funding to the micro, small and medium-sized enterprise (MSME) sector. Minister of Finance and the Public Service, Hon. Fayval Williams, made the disclosure while delivering the opening presentation in the 2025/26 Budget Debate in the House of Representatives on Tuesday (March...

Minister of Finance and the Public Service, Hon. Fayval Williams, delivers the opening presentation in the 2025/26 Budget Debate in the House of Representative on Tuesday (March 11).

11 months ago Finance & Public Service

Gov’t Programming Passage of Virtual Assets Service Provider Bill in 2025/26

Minister of Finance and the Public Service, Hon. Fayval Williams, says the Virtual Assets Service Provider (VASP) Bill is being programmed for passage in Parliament during fiscal year 2025/26, signalling Jamaica’s commitment to financial integrity. She made the disclosure during her opening 2025/26 Budget Debate presentation in the House of Representatives on Tuesday (March 11). Mrs. Williams said the Bill...

11 months ago Finance & Public ServicePress Release

Income Tax Support Session at King Street Tax Office this Saturday

Tax Administration Jamaica (TAJ) will open the doors of its Kingston Revenue Service Centre (KRSC), 1-3 King Street Downtown this Saturday only, March 15, 2025 (9:00 a.m. – 2:00 p.m.). The Saturday operation at the location is primarily to support Income Tax filers making the necessary preparations, by hosting a Special Taxpayer Assistance Programme (STAP) session ahead of the March,...

11 months ago BudgetBudget 2025/2026CommerceFinance & Public Service

GCT Exemption Threshold for MSMEs Increased to $15 Million

The Government has announced an increase in the General Consumption Tax (GCT) exemption threshold from $10 million to $15 million for micro, small and medium-sized enterprises (MSMEs). Minister of Finance and the Public Service, Hon. Fayval Williams, in opening the 2025/26 Budget Debate in the House of Representatives on March 11, said the change is aimed at supporting the growth...

11 months ago BudgetFinance & Public Service

Gov’t Set to Roll Out Public Sector Pay-for-Performance System in 2025/26

As fiscal year 2025/26 approaches, the Government plans to undertake significant implementation of the pay-for-performance element of the new public-sector compensation system. Minister of Finance and the Public Service, Hon. Fayval Williams, made the disclosure as she opened the 2025/26 Budget Debate in the House of Representatives on Tuesday (March 11). “We have begun the conversations with our union partners...