Tax Administration Jamaica (TAJ) is reminding the public that, effective April 1, 2026, the Income Tax threshold (tax-free amount) was increased to $1,902,360, up from $1,799,376. This adjustment is in keeping with the announcement made by the Minister of Finance and the Public Service, the Hon. Fayval Williams, during the 2025 Budget Presentation. At that time, it was outlined that...

The Planning Institute of Jamaica (PIOJ) is reporting that the country’s health sector recorded notable milestones during the 2024 calendar year, even as it grappled with a range of significant challenges. Outlined in the Institute’s latest Economic and Social Survey Jamaica (ESSJ), which provides a comprehensive assessment of national development, the agency says the Government continued to invest in several...

At least 85 public-sector entities are now utilising the Government’s integrated payroll and human resource management information system, MyHR+. This was confirmed by Executive Director of the Transformation Implementation Unit (TIU), Maria Thompson Walters. MyHR+ is being implemented across the public sector under the Government’s Public Sector Transformation Programme (PSTP). The system comprises two main modules: HR, which facilitates the...

The Bank of Jamaica (BOJ) is actively managing foreign exchange market conditions, to ensure that movements in the foreign exchange rate do not result in a significant increase in inflation. Inflation is the general level of increases in the prices of goods and services. The central bank’s main foreign exchange tool is the Bank of Jamaica Foreign Exchange Intervention Trading...

The Bank of Jamaica (BOJ) is assuring Jamaicans that it will utilise monetary policy tools to deal with the spike in inflation or the general level of price increases that is expected to result from the conflict in the Middle East. This assurance came from Senior Deputy Governor, Dr. Wayne Robinson, during an interview with JIS News on April 1....

Minister of Finance and the Public Service, Hon. Fayval Williams, says the Government is expanding access to tertiary education by investing heavily in student financing, through the revamped Student Loan Bureau (SLB). “Let me reiterate the Government's unwavering commitment to ensuring that no Jamaican is denied access to tertiary education due to financial constraints. You can take the message to...

A platform for the electronic listing and trading of Government of Jamaica (GOJ) bonds on the Jamaica Stock Exchange (JSE) has been officially launched. A joint initiative between the JSE and the Bank of Jamaica (BOJ), the platform transforms the local debt market by offering increased transparency, real-time trading, and easier access for buying and selling securities. Trading is conducted...