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(Seated) The Hon. Audley Shaw CD, MP, (left) Minister of Finance and the Public Service and Mr. Xiao Jie, Minister of Finance, China. The Signing Ceremony took place at the at the Ministry of Finance in Beijing, China.

Contract Signed for Highway Improvement Project

PRESS RELEASE - Finance Minister, Audley Shaw, on Wednesday, met with his Chinese counterpart Mr. Xiao Jie, at the Ministry of Finance in Beijing, China. Minister Shaw updated Minister Xiao on the Jamaican economy and the status of Chinese investment...

Minister of Education, Youth and Information, Senator the Hon. Ruel Reid (centre); Director General, Planning Institute of Jamaica, Dr. Wayne Henry (left); and General Manager of the Inter-American Development Bank, Country Department Caribbean Group, Therese Turner-Jones, enjoy a light moment at the opening of a two-day Labour Market Forum at the Spanish Court Hotel in New Kingston on February 14.

Apprenticeship a Solution to Youth Unemployment, Low Certification

Development Bank of Jamaica (DBJ) Managing Director, Milverton Reynolds (centre); and Project Consultant for the DBJ’s Jamaica Venture Capital Programme, Audrey Richards (left), listen to a comment from General Manager of the entity’s Public-Private Partnership and Privatisation Division, Denise Arana, at the media launch of the DBJ’s infrastructure conference at its offices in New Kingston on February 13. The conference is slated for March 6-7 at The Jamaica Pegasus.

DBJ Stages Regional Conference on Public-Private Partnership in Infrastructure Development

In this file photo, Minister of Transport and Mining, Hon. Mike Henry, shakes hands with Chairman of the China Development Bank (CDB), Dr. Hu Huaibang, following a signing ceremony for a framework cooperation agreement between the Government of Jamaica, CDB and the Jiuquan Iron and Steel Company.

Gov’t Ministers in China for Signing of Highway Project Agreement

Finance and the Public Service Minister, Hon. Audley Shaw (left), and Chairman of Caymanas Track Limited (CTL), Danville Walker, look at the agreement for the divestment of the operations of CTL to Supreme Ventures Limited (SVL) at the signing ceremony held at the Ministry’s National Heroes Circle offices in Kingston on February 10. At left is Chairman of SVL/Supreme Ventures Racing and Entertainment Limited, Paul Hoo, while Senior Director in the Public Enterprise Division of the Ministry, Cheryl Sylvester-James, oversees the process.

84 Public Entities to be Merged, Closed or Divested

9 years ago Budget 2017/2018Finance & Public Service

$887 Million Allocated to Continue Public Sector Transformation

The Ministry of Finance and the Public Service will continue implementation of the Strategic Public Sector Transformation Project through a $887 million allocation in the 2017-18 Estimates of Expenditure, which has been tabled in the House of Representatives. The project, which commenced in August 2014, aims to strengthen public resource management and support public sector institutions in facilitating a more...

9 years ago Budget 2017/2018Finance & Public Service

$40 Million Allocated for Relocation of AGD

Just over $40 million in additional funding has been provided in the 2017/18 Estimates of Expenditure, tabled recently in the House of Representatives, to conclude the build-out of the Accountant General’s Department (AGD). The project, being spearheaded by the Urban Development Corporation (UDC) and which commenced during the 2016/17 fiscal year, entails refurbishing of alternative office space for the AGD’s...

9 years ago Finance & Public Service

JAMTAX Project Gets $2.4 Million

The Government will spend an additional $2.4 million this year to continue implementing the Jamaica Business Taxation Reform (JAMTAX) project. Implemented by the Finance and Public Service Ministry, the project aims to improve the regulatory, institutional and administrative framework for business taxation by reforming the tax appeals process and legislative support. Among the targets are: reviewing the legal framework for...

Finance and the Public Service Minister, Hon. Audley Shaw (left). (FILE)

9 years ago Finance & Public Service

Public Procurement Training and Certification Series Launched

The Finance and the Public Service Ministry has launched Jamaica’s first accredited public procurement training and certification series. The engagement, being done in partnership with the International Procurement Institute (INPRI), will cover key concepts, principles and applications in Public Sector Procurement (PSP). It comprises four levels and will outline the internationally accepted best practices and developments in electronic government procurement....

Co-Chair of the Economic Programme Oversight Committee (EPOC), Keith Duncan, addressing a briefing at the Sagicor Life Builiding in New Kingston on Tuesday, December 13. (FILE)

9 years ago Finance & Public Service

EPOC to Monitor Implementation of Key IMF Benchmarks

The Economic Programme Oversight Committee (EPOC) will be monitoring the Government’s implementation of two key benchmarks under the International Monetary Fund (IMF) Precautionary Stand By Arrangement (PSBA) for the January to March quarter. Co-Chair, Keith Duncan, said these are the drafting of a Consultation Paper for a Crisis Resolution Framework, and the establishment of a Financial Inclusion Council. He was...

Minister of Finance and the Public Service, Hon. Audley Shaw, speaking in the House of Representatives on Thursday (February 9) after tabling the 2017-18 Estimates of Expenditure.

9 years ago Budget 2017/2018Finance & Public Service

Government Presents Budget of $710 Billion for 2017-18

The Government has presented a budget of $710 billion for the fiscal year 2017-18, with $485 billion allocated for recurrent (housekeeping) expenses and $225 billion for capital (development) spending. Details of the projections are outlined in the Estimates of Expenditure, which were tabled in the House of Representatives, yesterday (February 19), by Minister of Finance and the Public Service, Hon....

Economic Programme Oversight Committee (EPOC) Co-Chair, Keith Duncan, displays a copy of the Public Sector Transformation Oversight Committee (P-STOC) report while addressing journalists during EPOC’s quarterly briefing at Jamaica Money Market Brokers Limited’s (JMMB) head office in New Kingston on Thursday, February 9.

9 years ago Finance & Public Service

Jamaica on Track to Meet IMF Targets

Jamaica has met or is on track to meet all 12 quantitative performance indicators and structural benchmarks under the new International Monetary Fund (IMF) Precautionary Stand By Arrangement (PSBA) for the period ending December 2016. Key among these are the central Government primary surplus balance; grants and revenues; inflation; new property tax rates and bands; and formation of the Financial...