Latest

Chief Executive Officer (CEO) of the PetroCaribe Development Fund (PCDF), Dr. Wesley Hughes, speaks at a JIS ‘Think Tank’ on March 15.

CEO says PCDF has Accomplished Mission

Chief Executive Officer (CEO) at the PetroCaribe Development Fund (PCDF), Dr. Wesley Hughes, says the PCDF has accomplished its mission, and will be integrated into the Ministry of Finance and the Public Service as of March 31, 2019. Speaking at...

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke (left), exchanges greetings with Co-chairman of the Public Sector Transformation Oversight Committee, Danny Roberts (right), at the launch of the inaugural Public Sector Debate Competition at the Spanish Court Hotel in St. Andrew on Thursday (March 14). Looking on (from second left) are Manager, Personnel and Industrial Relations, National Works Agency, David C. Knight; and Executive Director of the Transformation Implementation Unit (TIU) in the Ministry of Finance and the Public Service, Maria Thompson Walters.

Dr. Clarke Urges Public-Sector Workers to Embrace Transformation

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke (third right) cuts the ribbon to officially open Massy United Insurance (MUI) Limited’s new office in the PanJam building in New Kingston on Wednesday (March 13). Others from left are Chief Commercial Officer, MUI, Mark Sommerville; Chief Executive Officer, MUI Limited, Randy Graham; Branch Manager, Massy United Insurance Jamaica, Winsome Gibbs; Executive Vice President, Massy Group and Chairman, Massy United Insurance, David O’Brien and Country Manager, Massy Jamaica, Peter Graham.

Finance Minister Welcomes Massy United Insurance Limited to Jamaica

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

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

More

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.

7 years ago Finance & Public Service

Jamaica Meets All Targets Under Fifth IMF PSBA Review

Jamaica has met all targets under the International Monetary Fund’s (IMF) Precautionary Stand-By Arrangement (PSBA) for the period ending December 2018. This is according to Finance and Public Service Minister, Dr. Hon. Nigel Clarke, who indicated the Government’s concurrence with the IMF that Jamaica’s Economic Reform Programme remains strong, consequent on consistent policy implementation. “The Government has met all 22...

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

Students’ Loan Bureau Gets $3 Billion

The Government will be providing $3 billion in grant support to the Students’ Loan Bureau (SLB) during the 2019/20 fiscal year, in keeping with the Administration’s focus on increasing access to tertiary education. This was announced by Finance and Public Service Minister, Dr. the Hon. Nigel Clarke, during his opening presentation in the 2019/20 Budget Debate, which got underway in...

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.

7 years ago Budget 2019/2020Finance & Public Service

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

Jamaica’s Debt-to-Gross Domestic Product (GDP) ratio will fall to 96 per cent at the end of the 2018/19 financial year on March 31. 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 the figure represents “the lowest level of debt in nearly...

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...