No new taxes will be introduced to finance the Government’s $1.3-trillion Budget for the upcoming fiscal year. Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, who opened the 2024/25 Budget Debate in the House of Representatives on Tuesday (March 12), said it is the seventh consecutive year in which the Government has introduced no new taxes....

Registration is now open for the third staging of the Public Sector Debate Competition. The event, scheduled to take place between May and July 2024, will engage teams comprising government employees in parliamentary-style debating on matters relating to public-sector transformation and current affairs. Interested ministries, departments and agencies are invited to complete the registration form via the Transformation Implementation Unit...

The Income Tax Act will be amended to increase the maximum participating voting share capital of companies listed on the Junior Stock Exchange from $500 million to $750 million. Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, said the measures are in an effort to further facilitate growth of the micro, small and medium-sized enterprise (MSME)...

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, says implementation of the reverse tax credit will be done in the 2024/25 fiscal year. Opening the Budget Debate in the House on March 12, Dr. Clarke said the initiative means that every registered taxpayer who earns $3 million or under will benefit from a reverse tax credit...

The General Consumption Tax (GCT) on all raw foodstuff, imported or domestic, will be removed. Finance and the Public Service Minister, Dr. the Hon. Nigel Clarke, made the disclosure while opening the 2024/25 Budget Debate in the House of Representatives on Tuesday (March 12). The measure, which will take effect in the first quarter of the new financial year, is...

Thousands of contract workers in the public sector have been made permanent employees, addressing the long-standing abuse of fixed-term contracts in Government. The disclosure was made by Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, while opening the 2024/25 Budget Debate in the House of Representatives on Tuesday (March 12). He shared that 8,000 contract workers...

The Government has allocated $2.6 billion for the procurement of 100 additional buses prior to the commencement of the 2024/25 academic year, which are expected to improve the experience of the commuting public. Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, provided the details as he opened the 2024/25 Budget Debate in the House of Representatives...