The average annual export of Jamaica’s fresh produce industry is approximately 34.5 million kilogrammes (kg), with estimated earnings of US$78.32 million. Currently, Jamaica exports to more than 30 countries worldwide, with the United States of America (USA), Canada, the United Kingdom and Cayman Islands being the most important markets for Jamaican produce. “Yam export is a significant contributor to this...

The Government is proposing to spend a total of $1 trillion for the 2023/24 fiscal year. This is Jamaica’s first trillion-dollar Budget. Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, made the disclosure as he tabled the Estimates of Expenditure in the House of Representatives on Tuesday (February 14). Dr. Clarke said the funds are allocated...

The Development Bank of Jamaica (DBJ) on Monday, January 30, 2023, signed Agreements and awarded grants to nine (9) medium-sized Jamaican companies under its Innovation Grant Fund (IGF), a product financed by the Boosting Innovation Growth and Entrepreneurship Ecosystems (BIGEE) programme. This is in addition to three (3) innovation grants announced in 2021. Speaking at the signing ceremony, Anthony Shaw,...

Tax Administration Jamaica (TAJ) is advising that all of its operations will be closed to the public tomorrow Tuesday, February 7, 2023 at 2:00 p.m., to facilitate a general staff meeting. This meeting will involve team members of all Tax Offices and Business locations on that day. All offices will reopen on Wednesday February 8, 2023 for regular business. Tax...

The annual Income Tax due date is March 15, 2023, and Tax Administration Jamaica (TAJ) is encouraging taxpayers to begin preparations to file their Income Tax Returns, over the coming weeks leading up to Tax Day. Income Tax Filers are being reminded that filing of their Annual Income Tax Return for the year 2022 and declaring their Estimated Income and...

The Government’s budgeted expenditure for fiscal year 2022/23 is being increased by approximately $24.5 billion. This will push the Central Government Budget to $998.2 billion, Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, has said. The details are contained in the Third Supplementary Estimates of Expenditure, which Dr. Clarke tabled in the House of Representatives on...

Government’s programmed mainstreaming of resilience in its activities is expected to aid significantly in safeguarding Jamaica against future shocks. Prime Minister, the Most Hon. Andrew Holness, notes that resilience has been and is being incorporated in the development and upgrade of the country’s roads and supporting infrastructure, to withstand the impact of climate change, and financing and budgetary arrangements, adding...