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Co-Chairman of the Economic Programme Oversight Committee (EPOC), Richard Byles, highlights a point during EPOC’s monthly media briefing at Sagicor Life Jamaica Limited’s head office in New Kingston, on May 17.

Jamaica Surpasses Primary Surplus and NIR Targets

Jamaica has surpassed the International Monetary Fund (IMF) Primary Surplus and Net International Reserve (NIR) targets for the January to March quarter. The Primary Surplus was $120.8 billion, $1 million over the $120.7 billion target for the period, while the...

Minister of Finance and Public Service, Hon. Audley Shaw (left), greets Permanent Secretary of the Caribbean Customs Law Enforcement Council (CCLEC), Mr. Paul Hilaire (second left), at CCLEC’s 38th annual conference at the Jamaica Pegasus Hotel in Kingston, on May 17. Others (from third left) are: Chief Executive Officer of the Jamaica Customs Agency (JCA), Major Richard Reese; and Minister of National Security, Hon. Robert Montague. The conference is being held May 16 to 20 under the theme: ‘Leveraging Customs Information Systems to Optimise our Role in Border Security’.

Finance Minister Urges Greater Cooperation for Border Control

Finance and Public Service Minister, Hon. Audley Shaw, responds to a question during a post-Budget media briefing at the Ministry’s offices at National Heroes Circle in Kingston on Friday, May 13.

New Income Tax Threshold Will Benefit Hard Working Jamaicans – Shaw

Minister of Transport and Mining, Hon. Audley Shaw, CD, MP

Development of Marijuana Industry Urgent – Shaw

Minister of Finance and the Public Service, Hon. Audley Shaw, opening the 2016/17 Budget Debate in the House on May 12. His presentation was themed: ‘Partnership For Economic Growth’. Seated at left is Minister without Portfolio in the Ministry of Economic Growth and Job Creation, Hon. Dr. Horace Chang.

$1.5 Million Income Tax Threshold for all PAYE Workers

10 years ago Finance & Public Service

Financial Secretary Looks Forward to CDB Deliberations

Financial Secretary, Devon Rowe, says he is looking forward to the deliberations at the 46th annual meeting of the Caribbean Development Bank (CDB) Board of Governors, now underway in Montego Bay, St. James. The meetings take place at the Montego Bay Convention Centre as well as at the Ziva Hyatt and Zilara and Iberostar Resorts in St. James. Welcoming participants...

10 years ago Finance & Public Service

CDB Meeting Underway

The 46th annual meeting of the Caribbean Development Bank’s (CDB) Board of Governors is underway at the Montego Bay Convention Centre in Rose Hall, St. James. Heads of States, Ministers of Finance and High Level Representatives of 28 countries are meeting from May 16 to 19. The CDB will release its annual report which will provide an overview of the...

10 years ago Finance & Public ServiceLabour

New Public Sector Pension Scheme by April 2017

The administration is seeking to implement the revised pension scheme for government workers no later than April 1, 2017. The new pension benefit system is one of the structural benchmarks set out under the Government’s agreement with the International Monetary Fund (IMF). Finance and Public Service Minister, Hon. Audley Shaw, said that the proposed Pensions (Public Service) Bill, which was...

10 years ago Finance & Public Service

IMF Ready to Assist Gov’t on Public Sector Reform

The International Monetary Fund’s (IMF) Mission Team to Jamaica has offered to assist the Government in implementing the public sector transformation programme. Finance and Public Service Minister, Hon. Audley Shaw, at a meeting with IMF representatives last week said, they expressed an interest in working with the administration to “look at the benchmarks and what can be accelerated and over...

10 years ago AgricultureFinance & Public Service

Gov’t to Spend $2.4 Billion on Projects in Sugar-Growing Areas

The Government will be spending approximately $2.4 billion to continue work on social infrastructure projects in sugar-dependent areas this fiscal year. The projects, which include rehabilitation of cane roads and installation of irrigation systems, will be carried out under the Sugar Transformation Programme (STP) in the Ministry Industry, Commerce, Agriculture and Fisheries. Finance and the Public Service Minister, Hon. Audley...

10 years ago Budget 2016/2017Finance & Public Service

Experts Commend Finance Minister

Experts at the Ministry of Finance and the Public Service have indicated strong support for the benefits of the tax reform initiative announced by Portfolio Minister, Hon. Audley Shaw, on May 12. Opening the 2016/17 Budget Debate in the House, Mr. Shaw said the income tax threshold for all Pay As You Earn (PAYE) workers will be increased from $592,800...

10 years ago Budget 2016/2017Finance & Public ServiceLocal Government

NWC to Spend $8.7 Billion on Water and Sewerage Projects

The National Water Commission (NWC) is to spend $8.7 billion this fiscal year to improve the supply of potable water and rehabilitate sewage treatment facilities across the island. Minister of Finance and the Public Service, Hon. Audley Shaw, made the disclosure as he opened the 2016/17 Budget Debate in the House of Representatives on Thursday (May 12) under the theme:...