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The Jamaica Competitiveness Enhancement Programme has received $10 million in the 2013/14 Estimates of Expenditure, which is now before the House of Representatives. The programme is being implemented by the Planning Institute of Jamaica (PIOJ) and is being funded by the Government of Jamaica and the Inter-American Development Bank (IDB). It aims to facilitate economic growth by improving the competitiveness...

A sum of $8.5 million has been allotted to the Civil Registration and Vital Statistics Systems Modernisation Programme, in the 2013/2014 Estimates of Expenditure. The project aims to enable Jamaica to modernize its vital statistics and civil registration system. Project activities are designed to improve inter-agency co-ordination and communication, data collection, processing and management, and resource strengthening. In addition, the...

The Ministry of Finance and Planning wishes to announce the appointments of Mr. Colin Bullock as the new Director General of the PIanning Institute of Jamaica (PIOJ); Miss Carol Coy as the new Director General at the Statistical Institute of Jamaica (STATIN) and Mr. Everton McFarlane who will be assigned to the Ministry of Finance and Planning. Mr. Colin Bullock,...

The International Monetary Fund (IMF) on Monday, April 8, issued a statement that the Executive Board is expected to meet to consider Jamaica’s 48-month arrangement under the Extended Fund Facility (EFF), by the end of April. The following is the statement issued by the IMF: “Since the conclusion of a staff-level agreement with the Jamaican authorities in February on an...

The Government is to continue initiatives under its Fiscal Administration Modernisation Programme, through a $700 million allocation in the 2013/2014 Estimates of Expenditure. The project, implemented in December 2011, aims to support the Government of Jamaica in achieving a sustainable fiscal position by strengthening the Ministry of Finance and Planning’s institutional capacity to effectively improve customs, inland tax collections, and...

The Government has provided $113 million to finance industry development, foreign investment and export promotion activities to be undertaken by the Ministry of Industry, Investment and Commerce this year. The allocation, contained in the 2013/14 Estimates of Expenditure now before the House of Representatives, includes provision of $50 million for the Global Logistics Hub project; $43.6 million to finance activities...

The Sugar Transformation Unit is to receive $2.1 billion, as the Government sustains its thrust to develop a sustainable private sector-led cane industry by 2015.               Another $96 million will be used to repair sugar cane roads at Appleton, Bernard Lodge, Everglades, Frome, Golden Grove, Monymusk, and Worthy Park factories.             Details of this allocation are contained in the...

The Government is to continue initiatives under its Fiscal Administration Modernisation Programme, through a $700 million allocation in the 2013/2014 Estimates of Expenditure. The project, implemented in December 2011, aims to support the Government of Jamaica in achieving a sustainable fiscal position by strengthening the Ministry of Finance and Planning’s institutional capacity to effectively improve customs, inland tax collections, and...

With an allotment of $1.01 billion to the Constituency Development Fund (CDF), Members of Parliament (MPs) have been equipped to better serve their constituents. The funds have been set aside in the 2013/14 Estimates of Expenditure, now before the House of Representatives. This allocation will be used to cover administrative and other operating expenses and provide grants to the 63...

A budget of $520.88 billion has been presented by the Government for 2013/14, with $370.5 billion earmarked for Recurrent (house-keeping) expenses and $150.38 billion for Capital (development) spending. Details of these projections are contained in the Estimates of Expenditure, which were tabled in the House of Representatives, on Thursday, April 4, by Minister of Finance, Planning and Public Service, Dr....

Governor-General, His Excellency the Most Hon. Sir Patrick Allen, says the Government has secured the support of the International Monetary Fund (IMF), for a minimum level of social intervention programmes to protect the most vulnerable members of the society, during the new financial year. “Accordingly, it will, to the maximum extent possible, ensure that allocations to our vulnerable citizens are...

Governor-General, His Excellency the Most Hon. Sir Patrick Allen, says the Government will, during the new fiscal year, give priority to close management of the macro-economy, to enable the country to meet the targets that have been agreed on in the Staff Level agreement with the International Monetary Fund (IMF). These include a primary surplus of 7.5 per cent of...