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At least $4 billion has been identified to fund the Jamaica Emergency Employment Programme (JEEP). The project is scheduled to be rolled out before the end of the current financial year on March 31, 2012. This was disclosed by Minister of Finance, Planning and the Public Service, Hon. Dr. Peter Phillips during Wednesday’s (Feb. 8) Jamaica House press briefing. In...

Minister of Finance, Planning and the Public Service, Dr. the Hon. Peter Phillips, said that the  2nd Supplementary Estimates for the 2011/12 financial year, will be tabled in the House of Representatives on February 21. The budget adjustments, he said, will see sharp reductions in expenditure for 2011/12, which will carry over into 2012/13. He noted however that even with...

According to a release from the Office of the Prime Minister (OPM), Minister of Finance and Planning, Dr Peter Phillips, is today expected to address the state of the Jamaican economy and plans for the remainder of the financial year. He will be supported by the Minister with responsibility for the public service, Horace Dalley; the Financial Secretary, Dr Wesley...

The recently released remittance report by the Bank of Jamaica (BOJ), indicated that for the first eight months of the 2011/12 fiscal year (April to November), total remittance inflows were US$1,342.7 million, representing an increase of US$86.4 million or 6.9 per cent over the corresponding period of the preceding fiscal year. According to the report, dated January 27, 2012, the...

Minister of Finance, Planning and the Public Service, Dr. the Hon. Peter Phillips, has assured members of the diplomatic corps of the Government’s commitment to economic reform, fiscal prudence, and the facilitation of  business in order to stimulate economic growth, reduce debt, and satisfy the aspirations of Jamaicans. In his first presentation to the diplomats this yesterday (Feb. 1) at...

A US$9.5 million grant to assist with poverty reduction and the achievement of the Millennium Development Goals; environmental sustainability and energy security; and democratic governance, has been secured by the Government from the United Nations Development Programme (UNDP). The agreement was formalised by Director General, Planning Institute of Jamaica (PIOJ), Dr. Gladstone Hutchinson, who signed on behalf of the Government,...

Director General of the Planning Institute of Jamaica (PIOJ), Dr. Gladstone Hutchinson, has announced that probate reform, which aims to mobilise private and public assets, deemed under-utilised, is expected to come on stream within the next few months. Speaking on the final day of the Jamaica Stock Exchange’s (JSE) seventh Investments and Capital Markets Conference at the Jamaica Pegasus Hotel,...

The Government will consider a number of options, including a Staff Monitored Programme, during the upcoming negotiations with the International Monetary Fund (IMF) for a new agreement. This was disclosed by Minister of Finance and the Public Service, Dr. the Hon. Peter Phillips, during an interview with JIS News, Thursday Jan. 26. “Nothing is off the table, except that we...

Minister of Finance, Planning and the Public Service, Hon. Dr. Peter Phillips, has underscored the Government’s commitment to urgently address the unwieldy public sector bureaucracy, and is prepared to include performance benchmarks in future agreements with the International Monetary Fund (IMF). He was addressing the Jamaica Stock Exchange’s (JSE) 7th Regional Investments and Capital Markets Conference on January 25, at...

Tax Administration Jamaica (TAJ) is reminding all companies, organisations, self-employed persons, including professionals and entertainers, as well as employed persons with additional sources of income that March 15 is the due date to file their Final Income Tax Return for 2011 and a Declaration of Estimated Income and Tax Payable for 2012.  For added convenience to file and pay, persons...

Minister of Finance, Planning and the Public Service, Hon. Dr. Peter Phillips, has said the Government wants to enter into a new agreement with the International Monetary Fund (IMF) in the shortest possible time. “These negotiations are going to be tough. But based on the discussions, I can say we know what we have to do to get discussions about...

The equities (stock) market will be supported as a critical element in the Government's drive to stimulate investments and promote the private sector as the engine of economic growth and development. This was stated by Minister of Finance, Planning and the Public Service, Hon. Dr Peter Phillips, as he addressed the Jamaica Stock Exchange’s (JSE) 7th Regional Investments and Capital...