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Governor, Bank of Jamaica (BOJ), Richard Byles, addressing the Quarterly Monetary Policy Report press conference at the BOJ auditorium in downtown Kingston on Tuesday (February 24).

Inflation Rate to Average 5.9 Per Cent Over Next Two Years

The Bank of Jamaica (BOJ) is projecting that inflation will average 5.9 per cent over the next two years. Governor, Richard Byles, advised that this forecast is below the previous projection of an average of 7.4 per cent. “It is...

Minister of Finance and the Public Service, Hon. Fayval Williams, makes a statement in the House of Representatives.

$119.9 Million for Jamaican Path from Hills to Ocean Project

Minister of Finance and the Public Service, Hon. Fayval Williams, delivers a statement in the House of Representatives.

Gov’t Allocates $30m to Boost Agriculture, Coastal Resilience

Minister of Finance and the Public Service, Hon. Fayval Williams.

Mount St. Joseph High Expansion Slated for Completion Next Fiscal Year

Minister of Finance and the Public Service, Hon. Fayval Williams, addresses the House of Representatives following the tabling of the 2026/27 Estimates of Expenditure at Gordon House on February 12.

$1.66b Earmarked to Continue Public-Sector Transformation in 2026/27

Minister of Finance and the Public Service, Hon. Fayval Williams, addressing the recent sitting of the House of Representatives.

3 weeks ago Finance & Public Service

House Approves Changes to Asset Tax, Income Tax Acts

The House of Representatives has approved changes to two pieces of legislation to address a long-standing administrative issue relating to the operation of the income and asset tax systems and respond to the national emergency caused by Hurricane Melissa. They are the Asset Tax Specified Bodies Amendment Bill and the Income Tax Amendment Bill, which provide for a limited adjustment...

Minister of Finance and the Public Service, Hon. Fayval Williams, tables the 2026/27 Estimates of Expenditure in the House of Representatives on February 12.

3 weeks ago AgricultureFinance & Public ServiceParliament

Gov’t Allocates $500M for Pedro Plains Irrigation Expansion In 2026/27

The Government has allocated $500 million for fiscal year 2026/27 to advance work on the Pedro Plains Irrigation Expansion Project. The funds are included in the 2026/27 Estimates of Expenditure, tabled on February 12 by Minister of Finance and the Public Service, Hon. Fayval Williams, in the House of Representatives. Ground was broken on the project in July 2025, which...

3 weeks ago AgricultureFinance & Public ServiceParliament

Southern Plains Agricultural Development Project Gets $776M Boost

The Government has allocated $776 million to advance work on the Southern Plains Agricultural Development (SPAD) Project. The provision is included in the 2026/27 Estimates of Expenditure, tabled by Minister of Finance and the Public Service, Hon. Fayval Williams, in the House of Representatives on February 12. The project is expected to provide access to irrigation water on fallow sugar...

Minister of Foreign Affairs and Foreign Trade, Senator Hon. Kamina Johnson Smith.

3 weeks ago Finance & Public ServiceSenate

Senate Approves Legislation Upholding Fiscal Governance

Two pieces of legislation underscoring the Government’s commitment to sound fiscal governance and responsibility were passed by the Senate on Friday (February 20). They are the Income Tax (Amendment) Act, 2026, which was approved with two amendments, and the Asset Tax (Specified Bodies) (Amendment) Act, 2026, which was approved without amendment. In piloting the legislation, Minister of Foreign Affairs and...

3 weeks ago Finance & Public ServiceParliament

$300.9M Budgeted for SPIRO Project in 2026/27

A total of $300.9 million has been allocated in the 2026/27 Estimates of Expenditure for the implementation of the Social Protection for Increased Resilience and Opportunity (SPIRO) Project. The aim is to expand social protection coverage in Jamaica and strengthen the delivery system, particularly its capacity to respond to shocks. The 2026/27 Estimates of Expenditure was tabled in the House...

3 weeks ago Finance & Public ServiceJusticeParliamentWorks / Construction

$164M Earmarked for Hanover Justice Centre in Sandy Bay

The Government has allocated $164 million for the construction of the Hanover Justice Centre in Sandy Bay, which will provide restorative justice, child diversion, and mediation services. This is contained in the 2026/27 Estimates of Expenditure, which was tabled in the House of Representatives on February 12 by Minister of Finance and the Public Service, Hon. Fayval Williams. The project...

Minister of Finance and the Public Service, Hon. Fayval Williams, addresses the House of Representatives as she tables the 2026/27 Estimates of Expenditure at Gordon House on February 12.

3 weeks ago Finance & Public Service

$35B Contingency Provision Earmarked to Support New Public Investment Projects in 2026/27

A $35 billion contingency provision has been earmarked in the 2026/27 Estimates of Expenditure to support new public investment projects approved for implementation during the fiscal year. The 2026/27 Estimates of Expenditure were tabled in the House of Representatives on February 12 by Minister of Finance and the Public Service, Hon. Fayval Williams. This contingency provision includes $30 billion to...