Latest

Minister of Finance and the Public Service, Hon. Audley Shaw, tabled the Estimates of Expenditure in the House of Representatives on February 15.

Understanding the Budget

As the Government prepares to outline how it intends to finance the $773.6-billion Budget for 2018/19, it is important for citizens to understand the importance of the discussion and how it will impact their lives. Simply put, the Budget proposes...

Understanding the Budget

Food and Agriculture Organization (FAO) Sub-regional Director (ad interim), Dr. Lystra Fletcher-Paul (left), and Director of Projects at the Caribbean Development Bank (CDB), Mr. Daniel Best (right), shake hands after signing Framework Cooperation Agreement, today (March 5), at the 35th staging of the Regional Conference for Latin America and the Caribbean, in Montego Bay.

FAO and CDB Sign Framework Cooperation Agreement

Minister of Finance and the Public Service, Hon. Audley Shaw (second right), addresses signing ceremony for a US$15-million loan agreement that will provide greater financial support for micro, small and medium-sized enterprises (MSMEs), at the Ministry’s Heroes Circle offices in Kingston on March 2. Others (from right) are Country Manager, World Bank, Galina Sotirova; Minister of State in the Ministry, Fayval Williams; and Minister of State in the Ministry, Rudyard Spencer.

More Support for MSMEs

Finance and the Public Service Minister, Hon. Audley Shaw.

Gov’t Programmes $87.3 Billion for New and Ongoing Projects

Minister of Finance and the Public Service, Hon. Audley Shaw (right), responds to a question during the meeting of the Standing Finance Committee of Parliament held on Wednesday (February 28). At left is Acting Permanent Secretary in the Ministry of Local Government and Community Development, Marsha Henry-Martin.

8 years ago Finance & Public Service

Gov’t Considers Selling JPS Shares to Clear Streetlight Debt

The Government is giving consideration to selling some of its shares in the Jamaica Public Service (JPS) in order to clear the debt owed to the company for streetlights. This was disclosed by Minister of Finance and the Public Service, Hon. Audley Shaw, during the meeting of the Standing Finance Committee of Parliament held on Wednesday (February 28). Currently, the...

Minister of Finance and the Public Service, Hon. Audley Shaw.

8 years ago Finance & Public Service

260 Public-Sector Workers Register for SERP so Far

Two hundred and sixty public-sector workers have, so far, registered for the Government’s Special Early Retirement Programme (SERP), which officially closes yesterday (February 28). The figure is likely to increase by March 2 when Human Resource Departments across government complete the uploading of all the persons who have applied to the programme. During a meeting of the Standing Finance Committee...

Minister of Finance and the Public Service, Hon. Audley Shaw (left), makes a point during the Standing Finance Committee meeting in the House of Representatives on February 28. At right is Financial Secretary, Darlene Morrison, and at centre is Deputy Financial Secretary, Lorris Jarrett.

8 years ago Finance & Public Service

Public Debt Servicing Below 40 Per Cent of National Budget

Finance and the Public Service Minister, Hon. Audley Shaw, says public debt servicing is below 40 per cent of the National Budget. “It is at 37.4 per cent. This is significant because we all remember the days in both governments when we had debt servicing in excess of 60 per cent (and) at one stage as high as 65 per...

Minister of Finance and the Public Service, Hon. Audley Shaw (centre), shares a light moment with (from left), President of the Inter-American Development Bank (IDB), Luis Alberto Moreno, and State Minister in the Finance Ministry, Hon. Fayval Williams. Occasion was a cultural event on the east lawns of Devon House on Tuesday (February 27). The Ministry of Finance hosted the event for participants in the IDB’s 7th Annual Caribbean Governors Meeting, which was held over two days at The Jamaica Pegasus hotel in New Kingston.

8 years ago CultureFinance & Public Service

Cultural Evening for Caribbean Governors

Live music from a rhythmic mento band, aromatic authentic Jamaican food and a relaxed ambience greeted Caribbean Governors who took part in the Inter-American Development Bank (IDB) meeting, when they arrived at Devon House for a cultural offering last evening (February 27). The event, which was hosted by the Ministry of Finance and the Public Service, provided a comfortable setting...

President of the Inter-American Development Bank (IDB), Luis Alberto Moreno (second left), highlights a point to Minister of Finance and the Public Service, Hon. Audley Shaw (right), prior to the commencement of the opening plenary session for the 7th Annual Caribbean Governors’ Meeting of the IDB on Tuesday (February 27) at The Jamaica Pegasus hotel in New Kingston. Also pictured (from left) are business tycoon, Richard Branson; and General Manager for the IDB’s Country Department, Therese Turner-Jones.

8 years ago Finance & Public Service

“Jamaica is on The Path to becoming the Caribbean’s First Digital society” – IDB Group President Luis Alberto Moreno

The Government of Jamaica on February 26 took strategic steps to strengthen the foundation for the creation of a digital society, with the signing of a package of loan operations from the Inter-American Development Bank Group (IDB). The loans are part of a broader strategy to leapfrog the country’s development through digital transformation, thereby improving the lives of the people...

Finance and the Public Service Minister, Hon. Audley Shaw (left), and Inter-American Development Bank (IDB) President, Luis Alberto Moreno, sign agreements for IDB loans totalling US$248 million, which have been provided for the National Identification System (NIDS), Public Sector Transformation Programme and national security strengthening, during a ceremony at The Jamaica Pegasus hotel, New Kingston, on Monday (February 26).

8 years ago Finance & Public Service

IDB Provides US$248 Million for Key Government Initiatives

The Inter-American Development Bank (IDB) has provided US$248 million in loan support for three key government initiatives. A total of US$160 million has been earmarked for the Public Sector Transformation Project; US$68 million for the National Identification System (NIDS); and US$20 million to further boost national security technology inputs. Finance and the Public Service Minister, Hon. Audley Shaw, and IDB...

President of the Inter-American Development Bank (IDB), Luis Alberto Moreno (at podium), addresses the opening plenary session for the 7th Annual Caribbean Governors’ Meeting of the IDB on Tuesday (February 27) at The Jamaica Pegasus hotel in New Kingston.

8 years ago Finance & Public Service

IDB President Commends Jamaica

President of the Inter-American Development Bank (IDB), Luis Alberto Moreno, has praised Jamaica on the progress made in reforming its macroeconomic environment. “We believe that Jamaica is turning around, and I think this is an example for the rest of the Caribbean that when a country decides to bite the bullet, I think the collective part of the international community...