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Newly appointed Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke (left), and World Bank Country Manager for Jamaica, Galina Sotirova, exchange signed copies of the grant agreement to help vulnerable fishing communities. The signing took place at the Ministry on Wednesday (March 28).

Grant to Help Vulnerable Fishing Communities

The Ministry of Finance and the Public Service and the World Bank have signed a US$4.875 million grant agreement to help vulnerable fishing and fish farming communities in Jamaica to adapt to climate change resilient practices. The agreement was signed...

Minister without Portfolio in the Ministry of Finance and the Public Service, Hon. Fayval Williams (second left), with (from left): Dean, College of Business and Management at the University of Technology (UTech), Professor Paul Golding; Acting Head of School of Business Administration at UTech, Celia McKoy, and Deputy President, UTech, Professor Colin Gyles.
Occasion was the annual students’ conference of the School of Business Administration, UTech, at the Jamaica Conference Centre, on March 27. — Minister without Portfolio in the Ministry of Finance and the Public Service, Hon. Fayval Williams (second left), with (from left): Dean, College of Business and Management at the University of Technology (UTech), Professor Paul Golding; Acting Head of School of Business Administration at UTech, Celia McKoy, and Deputy President, UTech, Professor Colin Gyles. Occasion was the annual students’ conference of the School of Business Administration, UTech, at the Jamaica Conference Centre, on March 27.

Williams says Fiscal Discipline Must Be Maintained

Executive Director of the Students’ Loan Bureau (SLB), Monica Brown, addresses a recent JIS ‘Think Tank’.

SLB Working to Remove Stigma

Minister of Foreign Affairs and Foreign Trade and Leader of Government Business in the Senate, Senator the Hon. Kamina Johnson Smith, addressing a sitting of the Senate on March 23.

Senate Approves SERP Resolution

Minister of Education, Youth and Information, Senator Hon. Ruel Reid addressing the sitting on the Senate on March 23.

Senate Approves Appropriation Act 2018

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Finance and the Public Service Minister, Hon. Audley Shaw, delivering the closing 2018/19 Budget Debate Presentation in the House of Representatives on March 21.
Donald De La Haye Photo

8 years ago Budget 2018/2019Finance & Public Service

Gov’t Remains Committed to Indirect Taxation Policy

Finance and the Public Service Minister, Hon. Audley Shaw, says the Government remains committed to the policy of indirect taxation intended to bring more Jamaicans into the tax net. “I have stated before that it is the policy of this Government to fundamentally restructure and overhaul our tax regime to make it more fair and equitable by moving from direct...

Prime Minister, the Most Hon. Andrew Holness (at podium), emphasises a point while making his contribution to the 2018 Budget Debate in the House of Representatives on Tuesday (March 20). Pictured in the background, is the Prime Minister’s wife and Member of Parliament for East Rural St. Andrew, the Most Hon. Juliet Holness.

8 years ago Finance & Public ServicePrime MinisterYouth

Unattached Youth Programme to Be Absorbed Under Hope – 12,600 to Be Engaged

Prime Minister, the Most Hon. Andrew Holness, has announced that the National Unattached Youth Programme will now be absorbed under the Housing, Opportunity, Production and Employment (HOPE) project, targeting a total of 12,600 youth across Jamaica in the 2018/2019 fiscal year. Making his contribution to the 2018/2019 Budget Debate in the House of Representatives on Tuesday (March 20), Mr. Holness...

Communications Officer at Tax Administration Jamaica (TAJ), Leighton Beckles.

8 years ago Finance & Public Service

Income Tax Filing Deadline Extended to March 24

Tax Administration Jamaica (TAJ) has extended the deadline for the filing of income tax returns for all business persons, companies, self-employed individuals, and employed individuals with multiple sources of income to March 24, 2018. Communications Officer, TAJ, Leighton Beckles, is encouraging persons to use the online facility at jamaicatax.gov.jm to take full and convenient advantage of the extension. Persons may...

Finance and the Public Service Minister, Hon. Audley Shaw (right), shares a light moment with Bank of Jamaica (BOJ) Governor, Brian Wynter, during Wednesday’s (March 14) Memorandum of Understanding signing by member agencies of the Financial Regulatory Committee (FRC). The signing took place at the BOJ in downtown Kingston. The member agencies include the Ministry of Finance and the Public Service, Financial Services Commission, Jamaica Deposit Insurance Company, and the BOJ. Mr. Wynter chairs the FRC.

8 years ago Finance & Public Service

Framework Facilitating Oversight of Financial Sector Strengthened

The framework facilitating oversight of Jamaica’s financial sector by the Financial Regulatory Committee (FRC), will be further strengthened through a memorandum of understanding (MOU) that has been established. Finance and the Public Service Minister, Hon. Audley Shaw, has endorsed the MOU, which was signed by representatives of member agencies comprising the FRC, at the Bank of Jamaica (BOJ), downtown Kingston,...

Minister of Finance and the Public Service, Hon. Audley Shaw, speaks to members of the Standing Finance Committee of the House when they considered the Second Supplementary Estimates for the 2017/18 financial year, at Gordon House on March 14

8 years ago Finance & Public Service

House Approves Second Supplementary Estimates

The Second Supplementary Estimates for the 2017/18 financial year, which reflect an increase of $9.78 billion, was approved by the House of Representatives on Wednesday (March 14). The figures show that the Budget has been revised upwards from $805.4 billion to $815.3 billion. The Estimates show an increase in the Recurrent (housekeeping) expenses from $515.4 billion to $523.8 billion, while...

State Minister in the Ministry of Finance and the Public Service, Hon. Rudyard Spencer.

8 years ago Finance & Public Service

Government Reiterates Need to Maintain Wage-to-GDP Ratio

The Government is reiterating that in order to maintain the targeted wage to gross domestic product (GDP) ratio and remain fiscally responsible, it is unable to accede to the requests of the nation’s teachers. “Our teachers have asked for an increase of $60,000 per annum in the book and software allowance. If this is granted, it would cost $1.7 billion,”...

Minister of Finance and the Public Service, Hon. Audley Shaw, informs the House that he has tabled the Second Supplementary Estimates for the 2017/18 financial year, at the sitting on Tuesday (March 13).

8 years ago Finance & Public Service

Net Revenue Inflows from SFPBs Projected at $57 Billion

Net revenue inflows from Self-Financing Public Bodies (SFPBs) to the Government for fiscal year 2018/19 are projected at approximately $57.3 billion. This is outlined in the 2018/19 Fiscal Policy Paper, which was tabled in the House of Representatives recently by Finance and the Public Service Minister, Hon. Audley Shaw. The document indicates that SFPB inflows will include Special Consumption Tax...