Several business leaders have welcomed the Government’s decision not to implement new revenue measures to fund the 2018/19 Budget, which amounts to $773.6 billion. Finance and Public Service Minister, Hon. Audley Shaw, in opening the Budget Debate on March 8, indicated that Government expenditure for the fiscal year will be primarily financed from the existing tax and non-tax revenue and...

Finance and Public Service Minister, Hon. Audley Shaw, says he does not anticipate any challenge to Jamaica meeting future International Monetary Fund (IMF) targets consequent on the Government’s decision not to introduce new revenue measures to fund the 2018/19 Budget. “Not at all. We are going to focus on areas of compliance across the major tax types – at Tax...

Finance and Public Service Minister, Hon. Audley Shaw, says the Government is committed to implementing a time-bound action plan to stop the predatory charges and fees by financial institutions. He said the plan will include a review of the Banking Services Act and entrenchment of the Bank of Jamaica Code of Conduct for deposit-taking institutions, which was introduced in September...

Minister of Finance and the Public Service, Hon. Audley  Shaw, says the budget for fiscal year 2018/2019 is designed to achieve the targets entrenched in the fiscal rules and is within the context of the Precautionary Stand-by Arrangement (SBA) with the International Monetary Fund (IMF). “Importantly, this new budget will be the last full year under the Standby Agreement with...

Minister of Finance and the Public Service, Hon. Audley Shaw, says the Government is keeping its commitment to the Jamaican people to create new jobs and reduce unemployment. “I am pleased to report that an additional 43,000 persons have been employed over the past two years and the unemployment rate, according to the Statistical Institute of Jamaica, has fallen from...

Statement by the Hon. Audley Shaw, Minister of Finance and the Public Service on Proposed Action by Teachers The Government of Jamaica recognizes and appreciates the sacrifices of all public sector workers. We thank them and applaud their continued contribution and dedication to the development of our country. The Government is also cognizant of the interest of the teachers and...

Minister of Finance and the Public Service, Hon. Audley Shaw, has announced seven upcoming projects that will result in the creation of hundreds of jobs for Jamaicans during the fiscal year 2018/2019. They are Jiuquan Iron and Steel (JISCO), North-South Highway Development Projects, South Coast Highway Improvement Project, Montego Bay Perimeter Road Project, Naggo Head Technology Park, Morant Bay Town...