A sum of $305 million has been allocated for the implementation of the Ministry of Education and Youth’s Education Transformation Programme in the upcoming fiscal year. The sum is contained in the 2023/24 Estimates of Expenditure, now before the House of Representatives. The project’s main objective is to provide additional classrooms to alleviate the shift system and overcrowding in secondary...

Work will continue under the Jamaica Foundations for Competitiveness and Growth Project during the upcoming fiscal year, to strengthen the business environment for private-sector investment. A sum of $435.8 million has been earmarked for the undertaking in the 2023/24 Estimates of Expenditure, now before the House of Representatives. It aims to enhance competition in the business environment, facilitate strategic private...

Governor of the Bank of Jamaica (BOJ), Richard Byles and Managing Director of the Jamaica Stock Exchange (JSE), Dr. Marlene Street Forrest, will be the special guests on ‘Let’s Connect’ with Ambassador Marks this Thursday (March 2). The virtual discussion forum, hosted by Ambassador to the United States (US), Her Excellency Audrey Marks, will begin at 7:00 p.m. (US/Canada/Jamaica) on...

Jamaica’s gross international reserves remain substantially healthy at US$4.4 billion, Bank of Jamaica (BOJ) Governor, Richard Byles, says. He noted that the reserves were buoyed by Central Bank net purchases of US$940 million from the local foreign exchange market. “The Bank projects that the gross reserves will continue to remain adequate in the medium-term,” he said. Mr. Byles was addressing...

More tax office upgrades are to be carried out across the island, says Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke. Delivering the main address at the Tax Administration Jamaica (TAJ) ceremony to break ground for the Christiana tax office in Manchester on February 23, the Minister said over the next decade, “Jamaica is going to...

Widening and dualisation of Grange Lane in St. Catherine will continue during the 2023/24 fiscal year with an allocation of $878 million. The sum is contained in the 2023/24 Estimates of Expenditure, which was tabled in the House of Representatives by Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, recently. The project aims to improve mobility...

The Government’s Electronic Land Titling project is to continue in the upcoming fiscal year from an allocation of $160 million. The project aims to improve the efficiency of the land registration process from the point of application through to issuing of a legally binding proof of title. Details of the allocation are contained in the 2023/24 Estimates of Expenditure, now...