Minister without Portfolio in the Ministry of Finance and Planning, Hon. Horace Dalley, has dismissed speculation that the Government has plans to remove the 20 per cent duty concession on motor vehicles, from which public sector travelling officers now benefit. Mr. Dalley, who has responsibility for the Public Service, said that fuelled by speculation surrounding commitments under the agreement with...

Minister without Portfolio in the Ministry of Finance and Planning, Hon. Horace Dalley, is assuring public sector workers, particularly security groups, that there is no need to take the option of early retirement, in order to secure pension lump sum entitlements. “The reformed pension system, to come on stream in 2016, will preserve the lump sum entitlement. This government is...

Minister of Finance and Planning, Dr. the Hon. Peter Phillips and a four-member team will travel to the United States (US) on July 7, to meet with financial institutions and rating agencies in New York and Washington. Members of the delegation will hold meetings in Washington with critical stakeholders and the US Treasury to update them on the progress being...

MMinister of Finance and Planning, Dr. the Hon. Peter Phillips, says that Jamaica must make “the hard financial decisions now”, in order to protect the economic future of generations to come. “We need to reform our economic life, we need to reduce the level of public debt and we need to do so urgently if Jamaica’s sovereignty is to have...

The House of Representatives, on Wednesday, June 19, passed the Revenue Administration (Amendment) Act. Debate on the Bill was suspended last week to allow for further deliberations on the proposals contained in the Act. The move came after the Opposition raised concern about some of the provisions in the legislation, which seeks to, among other things, bring about significant improvements...

Minister of Finance and Planning, Dr. the Hon. Peter Phillips, said the Government is actively pursuing investments in a number of critical areas as it looks to grow the economy. He said that several multi-billion dollar projects are underway, and others are slated to come on stream, which are expected to spur economic activity. Dr. Phillips was speaking on Tuesday,...

Over $110 million was spent in the 2012/2013 fiscal year to patch and rehabilitate roads with retaining walls in the constituency of South East St. Ann. Minister of Youth and Culture and Member of Parliament for the area, Hon. Lisa Hanna, made the disclosure on Tuesday, June 18, during her contribution to the 2013/2014 Sectoral debate in the House of...

Debate on the Revenue Administration (Amendment) Act has been suspended until June 18, to allow for further deliberations on the proposals contained in the Act. The move came after the Opposition raised concern about some of the provisions in the legislation, which seeks to, among other things, bring about significant improvements to the ability of the tax authorities to access...