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Reverse Income Tax Credit Eligible Applications Stands at 260,000

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...

Director General, Planning Institute of Jamaica, Dr. Wayne Henry.

PIOJ Director General Encourages Young People to Dream Big

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke (right, standing), observes as Chief Executive Officer, Institute of Fiscal Studies and Democracy (IFSD), Kevin Page (left, seated), and Principal, University of the West Indies (UWI) Mona Campus, Professor Densil Williams (right, seated), sign a Memorandum of Understanding during Tuesday’s (October 22) launch of the UWI’s Fiscal Research Centre Project. The launch and signing took place at the UWI. Also observing the proceedings is Regional Economic Adviser for the Caribbean Country Department at the Inter-American Development Bank (IDB), David Rosenblatt.

Gov’t Approves $200M Grant for UWI to Establish Fiscal Research Centre

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke (left, seated), and World Bank Country Director for Latin America and the Caribbean (LAC), Lilia Burunciuc (right, seated), display the signed US$12-million loan agreement for the Kingston Waterfront Improvement Project. Other participants in the proceedings are (from left, standing) General Manager, Finance and Procurement, Jamaica Social Investment Fund (JSIF), Orville Hill; General Manager, Urban Development Corporation (UDC), Robert Honeyghan; JSIF Chairman, Dr. Wayne Henry; Chief Technical Director, Office of the Prime Minister, Shereika Hemmings Allison, and Operations Manager, World Bank, Gail Richardson.

Gov’t Signs US$12m World Bank Loan Agreement for Kingston Waterfront Improvement Project

Manager of the Loan Servicing Department at the Students’ loan Bureau (SLB), Cheryl Surjue, told a JIS Think Tank on October 17 that borrowers can get a reduction on their interest rate if they maintain a grade point average (GPA) of 2.5 and over.

SLB Reminds Borrowers of Incentive for Maintaining High GPA

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, delivers remarks during the launch of the Financial Sector Adjustment Company (FINSAC) Archives at The Jamaica Pegasus hotel in New Kingston on Thursday (October 17).

2 years ago Finance & Public Service

Academic Researchers Encouraged to Examine FINSAC Archives

The Government has indicated that it is prepared to take a long-term approach to ascertaining recommendations from the documents published in the Financial Sector Adjustment Company (FINSAC) Commission Archives. Speaking during the launch of the Archives at The Jamaica Pegasus hotel in New Kingston on Thursday (October 17), Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke,...

Economist in the Ministry of Finance and the Public Service, Keenan Falconer.

2 years ago Finance & Public Service

US$480 Million, 12-Year Bond a Signal of Confidence in Jamaica

Economist in the Ministry of Finance and the Public Service, Keenan Falconer, says the Government’s first structured securitisation transaction in the international capital markets is a sign of confidence by international investors in the quality of Jamaica’s financial instruments. The Government of Jamaica successfully secured US$480 million through the securitisation of assets belonging to the Norman Manley International Airport (NMIA)....

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke.

2 years ago Finance & Public ServiceParliament

Finance Minister Urges Prudent Management of Overtime Budgets by MDAs

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, is urging ministries, departments and agencies (MDAs) to exercise prudent management of overtime budgets. Addressing the Standing Finance Committee reviewing the First Supplementary Estimates for fiscal year 2024/25 in the House of Representatives on Tuesday (October 15), Dr. Clarke said the way in which compensation arrangements exist now,...

Deputy Chairman of the Jamaica Customer Service Association (JaCSA) and Chairman of National Customer Service Week, Richard Rowe (left), and Executive Director of Jamaica Cultural Development Commission (JCDC), Lenford Salmon, sign a Memorandum of Understanding (MOU) to formalise the long-standing partnership between the entities in coordinating the annual Jamaica Customer Service Competition. The signing took place on Friday (October 11) at the JCDC boardroom in Kingston.

2 years ago Finance & Public Service

PHOTOS: JaCSA And JCDC Sign MOU

Chief Executive Officer of the Jamaica Productivity Centre (JPC), Tamar Nelson, addresses the Ministry of Finance and the Public Service

2 years ago Finance & Public Service

Public-Sector Entities Urged to Use Data to Drive Service Delivery

Chief Executive Officer (CEO) of the Jamaica Productivity Centre (JPC), Tamar Nelson, is charging public-sector entities to use data to improve the quality of service they provide to citizens. She cited research by American consulting firm McKinsey that shows that data-driven decision-making enhances the customer experience. “McKinsey, in 2021, found that organisations leveraging data analytics to understand customer needs can...

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, addressing Tuesday’s (October 8) sitting of the House of Representatives.

2 years ago Finance & Public Service

First Supplementary Estimates for 2024/25 Tabled in the House of Representatives

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, on Tuesday (October 8), tabled the First Supplementary Estimates for fiscal year 2024/25 in the House of Representatives. The estimates provide for an increase in total government expenditure and payments by approximately $40.7 billion. This will be financed primarily through additional projected revenue and grant flows arising from...

Statistical Institute of Jamaica (STATIN) Senior Communications Officer, Ashley Archer-Gooden (left) and Senior Information Research Officer, Sasha-Gaye Fraser (right), interact with Public Relations and Public Education Officer, Public Procurement Commission, Erica James-King, during the Ministry of Finance and the Public Service’s ‘At Your Service’ Expo at the AC Hotel by Marriott Kingston on Wednesday (October 9).

2 years ago Finance & Public Service

Finance Ministry Hosts ‘At Your Service’ Expo for Customer Service Week

The Ministry of Finance and the Public Service brought its services directly to the public on Wednesday (October 9) during the second staging of its ‘At Your Service’ Expo. The event, which took place at the AC Hotel by Marriott Kingston, is a key event in celebration of Customer Service Week. It showcased diverse services offered by the Ministry’s divisions,...