The Central Treasury Management System (CTMS) is helping to improve efficiency in the public sector. A technology-driven set of procedures that transfer the responsibility for managing Government’s cash resources to one central operation, the CTMS was introduced to replace and improve the existing cash and treasury management systems in Government. The system began operating in November 2012 on a pilot...

State Minister in the Ministry of Finance and the Public Service, Hon. Fayval Williams, says the Business Process Outsourcing (BPO) sector has been playing a major role in boosting Jamaica’s economic growth. Speaking recently at a BPO industry stakeholders’ breakfast in Montego Bay, the State Minister said the sector’s ability to provide sustainable jobs forms a major pillar of the...

Finance and the Public Service Minister, Hon. Audley Shaw, says the Government, in drafting the $715.6-billion Budget for the 2017/18 fiscal year, has taken major steps to safeguard the welfare of vulnerable citizens. This, he said, is evident in the improved benefits under the Programme of Advancement Through Health and Education (PATH) for which the Administration has increased the allocation...

Finance and the Public Service Minister, Hon. Audley Shaw, says the Government plans to discontinue withdrawing funds from the National Housing Trust (NHT) to finance the Budget. Responding to questions at a post-Budget media briefing at the Ministry’s National Heroes Circle offices in Kingston, yesterday (March 13), Mr. Shaw said the drawdown this year is necessary for the phase two...

The Government is conducting a forensic review of state agencies which have significant financial surpluses in accounts, totalling nearly $200 billion, with a view to incorporating these in the Administration’s central operations. Speaking at a post-Budget media briefing, today (March 13), at his National Heroes Circle offices in Kingston, Finance and the Public Service Minister, Hon. Audley Shaw, said the...

The Government will be moving to categorise public bodies to facilitate more focused oversight and monitoring, in a principle-based approach to the new policy of rationalisation. Minister of Finance and the Public Service, Hon. Audley Shaw, said the Government will be conducting further rationalisation based on the need for the entity and its function and according to the best modality...

Minister of Finance and the Public Service, Hon. Audley Shaw, has announced that a new property tax regime will be adopted starting April 1. Opening the 2017/18 Budget Debate in the House of Representatives on March 9, Mr. Shaw informed that as of April 1, property tax liabilities will be based on the adoption of the 2013 valuation roll. “In...