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The Commission appointed by the Government to review the 1990s financial sector collapse, which led to the creation of the Financial Sector Adjustment Company(FINSAC), will start meeting on July 1. Minister of Finance and the Public Service Hon. Audley Shaw, made the announcement today (Wednesday May 6) as he closed the 2009/2010 Budget debate at Gordon House. Mr. Shaw also...

Minister of Finance and the Public Service Hon. Audley Shaw, is expected to clarify issues surrounding the imposition of General Consumption Tax (GCT) on computers and books today (May 6) when he closes the 2009/10 Budget Debate at Gordon House. Prime Minister the Hon. Bruce Golding, who made the announcement in his Budget speech yesterday, said that the Government has...

Prime Minister the Hon. Bruce Golding announced today (May 5), that the Students Loan Bureau (SLB) has sufficient funds available to meet this year's demand for loans. Mr. Golding, who was making his contribution to the 2009/10 Budget Debate, in the House of Representatives, said this year, the SLB is expected to receive over 10,000 applications from students. "There are...

Prime Minister the Hon. Bruce Golding says that Jamaica will only contemplate resuming a borrowing relationship with the International Monetary Fund (IMF), if the country faces significant deterioration in its balance of payment. But Mr. Golding, speaking in the Budget Debate at Gordon House today (May 5), assured Parliament that the Government was prepared to engage the Opposition in looking...

Minister of State in the Ministry of National Security Senator the Hon. Arthur Williams, has been transferred to the Ministry of Finance and the Public Service. Mr. Williams will be assigned special duties in the Public Service Division of the Ministry of Finance and the Public Service. He will have day-to-day responsibilities for matters affecting public sector workers under the...

Minister of Finance and the Public Service Hon. Audley Shaw, has said that the Commission of Enquiry into the 1990s financial meltdown, which led to the creation of the Financial Sector Adjustment Company (FINSAC), will commence this summer. Speaking at the Mayberry Investments Limited Forum on Thursday (April 30), at the Knutsford Court Hotel in New Kingston, Mr.Shaw said he...

Minister of Finance and the Public Service, Hon. Audley Shaw, has said that the Government has no intention of taxing bond holders to close the gap in the national budget. "I wish to state categorically that the Government is not considering any such measure of taxation at this time," said Minister Shaw yesterday (April 29) at the Jamaica Money Market...

Minister of Finance and the Public Service, Audley Shaw, will be meeting with nurses at 11:00 a.m. tomorrow to discuss issues relating to their job reclassification exercise. Addressing today's (April 29) post-Cabinet press briefing at the Office of the Prime Minister, Minister said that he, along with the Minister of Health and Environment, Rudyard Spencer; former Minister without Portfolio in...

Minister of Finance and the Public Service, Hon. Audley Shaw, has said that he is willing to consider concessions requested by taxi operators, but only on condition that they become registered and tax compliant. "I am willing to sit down with the wider group of the taxi associations to see how we can look at improving the fleet but it's...

The 2009/2010 Budget Debate will continue on Tuesday April 28 at 2:30 pm when Opposition Spokesman on Finance, Dr. Omar Davies makes his contribution. On Wednesday, Minister of Industry, Investment and Commerce, Hon. Karl Samuda will speak. Opposition spokesman on Agriculture, Roger Clarke will also give his contribution. Leader of the Opposition, the Most Hon. Portia Simpson Miller, will speak...

Minister of Finance and the Public Service, Hon. Audley Shaw, has announced the revisited list of items for which General Consumption Tax (GCT) has become applicable as of Monday, April 27, 2009. The Minister pointed out that GCT exemptions will continue for the following items: (1) Live birds, crustacean, mollusk or any other animal of a kind generally used as,...

Minister of Finance and the Public Service, Audley Shaw, has said that the financial system remains strong and well capitalised. The Minister, who was opening the Budget Debate in the House of Representatives on April 23, commended the steps taken by the Bank of Jamaica earlier this year to stabilise the financial system, noting that they were successful. The foreign...