Some 77,000 Jamaicans who have successfully applied for the Government’s Reverse Income Tax Credit (RITC) are expected to receive an update on the availability of the funds this week. Speaking today (October 29) in the House of Representatives, outgoing Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, said that these persons are expected “to be in...

The Government is taking steps to regularise landownership in Ackee Walk and Jackson Town in St. Andrew North Western, enabling residents to obtain titles for properties they have lived on for several years. Prime Minister, Dr. the Most Hon. Andrew Holness, said the Government will be issuing a ministerial order to declare these two communities under the Registration of Titles,...

Chief Fiscal Economist in the Ministry of Finance and the Public Service, Terron Francis, says the Government is holding talks with the World Bank regarding the development of another disaster risk financing instrument for Jamaica. This, he points out, is to aid in mitigating the impact of natural disasters on the national budget. “We are currently in discussion with the...

With just over three weeks since the October 2, 2024 launch of the Government of Jamaica’s Reverse Income Tax Credit (RITC), Tax Administration Jamaica (TAJ) is reporting 262,638 eligible applications approved for processing and subsequent disbursement. The tax giveback is a one-time payment of $20,000 to eligible taxpayers earning below $3M, with an estimated 580,000 individuals slated to benefit from...

Young people are being encouraged to engage, speak up, listen to others and to dream big to transform lives. Director General of the Planning Institute of Jamaica (PIOJ), Dr. Wayne Henry, made the call at the opening of the United Nations Development Programme (UNDP) 2024 Ready Set Great Youth Conference, on October 17, at the Jamaica Pegasus Hotel in New...

The Government has approved a $200-million grant for the University of the West Indies (UWI) to facilitate the establishment of a Fiscal Research Centre. This was announced by Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, who indicated that the provision is “a special grant on top of the usual subvention of $200 million”, adding that...

The Government has signed a US$12-million loan agreement with the World Bank Group’s International Bank for Reconstruction and Development (IBRD) for the Kingston Waterfront Improvement (KiWI) Project. The signing ceremony took place on Friday (October 18) at the Ministry of Finance and the Public Service in Kingston. The KiWI Project involves the design and implementation of a modern park along...