Upgrading of Jamaica’s banknotes will be implemented by mid-June, says Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke. Making the disclosure while opening the 2023/24 Budget Debate in the House of Representatives on Tuesday (March 7), the Minister said the suite of notes will include a new $2,000 denomination. The Minister told the House that the...

The Jamaica Urban Transit Company’s (JUTC) fleet of buses will be upgraded, with the addition of 200 electric vehicles over the next three years. Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, said purchase of the buses will commence in the new financial year, with 100 slated to be delivered during 2024/25. Opening the 2023/24 Budget...

No new taxes will be introduced to finance the Government’s $1 trillion budget for the upcoming fiscal year. This was announced by Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, as he opened the 2023/24 Budget Debate in the House of Representatives on Tuesday (March 7). He indicated that 2023/24 represents the sixth consecutive fiscal year...

Many contract workers now employed in the public sector will be made permanent employees. Ministry of Finance and the Public Service, Dr. the Hon. Nigel Clarke, made the disclosure as he opened the 2023/24 Budget Debate in the House of Representatives on March 7. He said that the objective is to address the longstanding abuse of fixed-term contracts in Government....

The United Kingdom (UK)-based Kroll Associates will be providing forensic audit investigative services to the Financial Investigations Division (FID) in the entity’s probe of the Stocks and Securities Limited (SSL) matter. The development follows the signing of a Statement of Work by Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, and representatives of Kroll this morning...

Starting this September, beneficiaries of the Programme of Advancement Through Health and Education (PATH) who apply to the Students’ Loans Bureau (SLB) will not need guarantors to support their applications. This was announced by Finance and the Public Service Minister, Dr. the Hon. Nigel Clarke, while opening the Budget Debate in the House of Representatives on Tuesday (March 7). Dr....

The Government will be establishing a $1-billion Jamaica Screen Fund to provide financing for the development and production of film and television (TV) shows in the country. Opening the 2023/24 Budget Debate in the House of Representatives on March 7, Minister of Finance and the Public Service, Dr. Hon. Nigel Clarke, said the Government will continue to support the growth...