The Government is projecting spending of $1.3 trillion for fiscal year 2025/26. Minister of Finance and the Public Service, Hon. Fayval Williams, made the disclosure as she tabled the Estimates of Expenditure in the House of Representatives on Thursday (February 13). The sum, which is about the same as the 2024/25 Budget, comprises recurrent expenditure of $1.197 trillion and capital...

Jamaica's financial progress and future plans were outlined in the Throne Speech today (February 13) by Custos of Kingston, Hon. Steadman Fuller, who deputised for Governor General, His Excellency the Most Hon. Sir Patrick Allen. Speaking at the ceremonial opening of Parliament for the 2025/26 Financial Year, the Custos highlighted legislative reforms specifically relating to the Financial Institutions (Resolution) Act...

Jamaica’s strong economic achievements formed the basis of the traditional Throne Speech, today (February 13), as Custos of Kingston, Hon. Steadman Fuller, who deputised for Governor-General, His Excellency the Most Hon. Sir Patrick Allen, noted that Jamaica “stands at the dawn of a new chapter in its journey”. Among the accomplishments he highlighted in the Parliament were the historic low...

Taxpayers seeking to benefit from the Tax Administration Jamaica (TAJ) Special Arrears Settlement Programme (SASP) can now take advantage of flexible payment arrangements to settle their outstanding taxes. The programme provides relief by waiving interest, penalties, and surcharges for taxpayers who clear their principal balances by March 31, 2025. Speaking at a Jamaica Information Service (JIS) Think Tank on February...

Tax Administration Jamaica (TAJ) has collected $2 billion under their Special Arrears Settlement Programme (SASP), since its launch in January. The programme is specially designed to waive/remit Interest, Penalty and Surcharge (IPS) accrued, once outstanding principal taxes are paid by March 31, 2025. Speaking during a Jamaica Information Service (JIS) ‘Think Tank’ at the Agency’s head office in Kingston on...

The Betting, Gaming and Lotteries Commission (BGLC) is urging operators of unlicensed gaming machines and locations to take advantage of its compliance drive to regularise their operations without penalties. Speaking at a Jamaica Information Service (JIS) Think Tank at the agency’s head office in Kingston on February 6, Director of Enforcement at the BGLC, Noel Bacquie, said that persons have...

The Government is to sign a Customs Mutual Assistance Agreement that will establish a legal framework for the Jamaica Customs Agency (JCA) and United States (US) Customs and Border Protection Agency to exchange customs-related information. This Agreement will strengthen both countries’ capacities to safeguard its citizens, borders, national security and vital economic interests. Prime Minister, Dr. the Most Hon. Andrew...