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Bank of Jamaica (BOJ) Governor, Richard Byles (right), addresses Tuesday’s (February 24) Quarterly Monetary Policy Report press conference at the BOJ auditorium in downtown Kingston. Listening is Senior BOJ Deputy Governor, Dr. Wayne Robinson.

BOJ Projects Full Economic Recovery Within Two to Three Years After Hurricane Melissa

The Bank of Jamaica (BOJ) is anticipating full recovery in economic activity after Hurricane Melissa within two to three years. BOJ Governor, Richard Byles, says this is faster than the previous estimate of three to four years. “This improved recovery...

Bank of Jamaica (BOJ) Governor, Richard Byles.

BOJ Cuts Policy Rate to 5.5 Per Cent in Cautious Adjustment

Governor, Bank of Jamaica (BOJ), Richard Byles, addressing the Quarterly Monetary Policy Report press conference at the BOJ auditorium in downtown Kingston on Tuesday (February 24).

Inflation Rate to Average 5.9 Per Cent Over Next Two Years

Minister of Finance and the Public Service, Hon. Fayval Williams, makes a statement in the House of Representatives.

$119.9 Million for Jamaican Path from Hills to Ocean Project

Minister of Finance and the Public Service, Hon. Fayval Williams, delivers a statement in the House of Representatives.

Gov’t Allocates $30m to Boost Agriculture, Coastal Resilience

Minister of Finance and the Public Service, Hon. Fayval Williams.

2 weeks ago EducationFinance & Public ServiceParliamentYouth

Mount St. Joseph High Expansion Slated for Completion Next Fiscal Year

The expansion project at Mount St. Joseph High School in Manchester is slated for completion in the upcoming fiscal year. Approximately $410 million has been allocated by the Government to commence and complete construction of the auditorium and canteen. The sum is contained in the 2026/27 Estimates of Expenditure, which was tabled in the House of Representatives by Minister of...

Minister of Finance and the Public Service, Hon. Fayval Williams, addresses the House of Representatives following the tabling of the 2026/27 Estimates of Expenditure at Gordon House on February 12.

2 weeks ago Finance & Public Service

$1.66b Earmarked to Continue Public-Sector Transformation in 2026/27

The Government has earmarked $1.66 billion to support the ongoing public-sector transformation programme. The allocation is included in the 2026/27 Estimates of Expenditure, tabled in the House of Representatives by Minister of Finance and the Public Service, Hon. Fayval Williams, on February 12. According to the document, the public-sector transformation programme aims to enhance the efficiency of managing the public...

Minister of Finance and the Public Service, Hon. Fayval Williams, addressing the recent sitting of the House of Representatives.

2 weeks ago Finance & Public Service

House Approves Changes to Asset Tax, Income Tax Acts

The House of Representatives has approved changes to two pieces of legislation to address a long-standing administrative issue relating to the operation of the income and asset tax systems and respond to the national emergency caused by Hurricane Melissa. They are the Asset Tax Specified Bodies Amendment Bill and the Income Tax Amendment Bill, which provide for a limited adjustment...

Minister of Finance and the Public Service, Hon. Fayval Williams, tables the 2026/27 Estimates of Expenditure in the House of Representatives on February 12.

2 weeks ago AgricultureFinance & Public ServiceParliament

Gov’t Allocates $500M for Pedro Plains Irrigation Expansion In 2026/27

The Government has allocated $500 million for fiscal year 2026/27 to advance work on the Pedro Plains Irrigation Expansion Project. The funds are included in the 2026/27 Estimates of Expenditure, tabled on February 12 by Minister of Finance and the Public Service, Hon. Fayval Williams, in the House of Representatives. Ground was broken on the project in July 2025, which...

2 weeks ago AgricultureFinance & Public ServiceParliament

Southern Plains Agricultural Development Project Gets $776M Boost

The Government has allocated $776 million to advance work on the Southern Plains Agricultural Development (SPAD) Project. The provision is included in the 2026/27 Estimates of Expenditure, tabled by Minister of Finance and the Public Service, Hon. Fayval Williams, in the House of Representatives on February 12. The project is expected to provide access to irrigation water on fallow sugar...

Minister of Foreign Affairs and Foreign Trade, Senator Hon. Kamina Johnson Smith.

2 weeks ago Finance & Public ServiceSenate

Senate Approves Legislation Upholding Fiscal Governance

Two pieces of legislation underscoring the Government’s commitment to sound fiscal governance and responsibility were passed by the Senate on Friday (February 20). They are the Income Tax (Amendment) Act, 2026, which was approved with two amendments, and the Asset Tax (Specified Bodies) (Amendment) Act, 2026, which was approved without amendment. In piloting the legislation, Minister of Foreign Affairs and...

2 weeks ago Finance & Public ServiceParliament

$300.9M Budgeted for SPIRO Project in 2026/27

A total of $300.9 million has been allocated in the 2026/27 Estimates of Expenditure for the implementation of the Social Protection for Increased Resilience and Opportunity (SPIRO) Project. The aim is to expand social protection coverage in Jamaica and strengthen the delivery system, particularly its capacity to respond to shocks. The 2026/27 Estimates of Expenditure was tabled in the House...