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Prime Minister, the Most Hon. Andrew Holness, addressing a Memorandum of Understanding (MOU) Signing Ceremony between the Victoria Mutual (VM) Group, VM Foundation and the National Land Agency (NLA) at Jamaica House recently. Others (from left, seated) are Senior Director, Land Administration and Management (Acting), NLA, Nickoy Young; Chief Executive Officer (CEO), VM Foundation, Samantha Charles; President and CEO, VM Group, Courtney Campbell; CEO and Commissioner of Lands, NLA, Cherise Walcott.

Gov’t Taking Prudent Fiscal Decisions – Prime Minister Holness

The Government is diligently taking prudent fiscal decisions to achieve long-term strategic and material economic benefits and well-being, says Prime Minister, the Most Hon. Andrew Holness. “We are very cautious about how we spend and what we spend on. Even...

(FILE) Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, speaking in the House of Representatives on Tuesday (January 31).

$230 Million for Project to Bolster Resilience to Climate Change

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, tables the 2023/24 Estimates of Expenditure in the House of Representatives on February 14.

Project to Safeguard Livelihoods and Food Security Gets $195 Million

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke.

Work Continues on Public Sector Transformation Implementation Project

Business Environment Being Strengthened

Bank of Jamaica (BOJ) Governor, Richard Byles, addressing journalists during the institution’s recent quarterly media briefing at the BOJ Auditorium in downtown Kingston.

3 years ago Finance & Public Service

BOJ Governor and JSE Head for ‘Lets Connect’with Ambassador Marks

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...

3 years ago Finance & Public Service

Gross International Reserves Remain Healthy

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...

Ground was broken for a new Christiana tax office in Manchester, on February 23. Taking part (from left) are Regional General Manager, Tax Administration Jamaica (TAJ), Althea Scott-Jones; Commissioner General, TAJ, Ainsley Powell; Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke; Member of Parliament, Manchester North East, Hon. Audley Shaw; Chairman, TAJ Board, Paul Lalor, and Senior Manager, Christiana Tax Office, Claudette Gayle Foster.

3 years ago Finance & Public Service

More Tax Offices to Be Upgraded

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...

A $2.3-billion allocation has been made to continue work on the Southern Plains Agricultural Development Project in the upcoming fiscal year.
The sum has been budgeted in the 2023/24 Estimates of Expenditure, tabled in the House of Representatives by Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, recently.
The project, which began in December 2019, aims to provide access to irrigation water on fallow sugar lands, to increase agricultural productivity through the modernisation of the agricultural sector. It includes construction of wells and canal network and the development of the associated agricultural infrastructure in the arable areas of Amity Hall and Bridge Pen in St. Catherine and Parnassus in Clarendon.
Up to December 2022, the drilling of three wells and yield test were completed in Parnassus, and abstraction licences were approved by the Water Resources Authority.
Other physical achievements of the project include the completion of capacity-building for climate resilience and crop modelling, the design of agricultural buildings, the irrigation network design, the irrigation and road/draining works, and a gender-responsive training manual for farmer groups.
For fiscal year 2023/24, anticipated physical targets of the project are to commence the construction of agricultural buildings and to complete the construction of irrigation network and roads/drainage infrastructure, as well as to complete the rehabilitation of Hartlands canal.
This is in addition to the re-tender for contract to construct pump houses and reservoir at Amity Hall/Bridge Pen and the acquisition of GIS equipment for the NIC.
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The project is being implemented by the Ministry Agriculture and Fisheries, with co-funding from the Government of Jamaica and the Caribbean Development Bank.
It is slated to end in December 2024. An additional $361.7 million has been earmarked to undertake activities in fiscal year 2024/25, if necessary.

3 years ago Finance & Public ServiceParliament

$878M Programmed for Widening and Dualisation of Grange Lane

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...

3 years ago Finance & Public ServiceHousingParliament

$160 Million Allocated for Land Titling Project

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...

3 years ago Finance & Public ServiceParliamentTransport

Allocation of $22.1 Billion for Southern Coastal Highway Improvement Project

An allocation of $22.1 billion has been made to continue work on the Southern Coastal Highway Improvement Project in the upcoming fiscal year. The sum has been budgeted in the 2023/24 Estimates of Expenditure, tabled in the House of Representatives by Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, recently. The objective of the project is...

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, speaks after tabling the 2023/24 Estimates of Expenditure in the House of Representatives on February 14.

3 years ago Finance & Public ServiceIndustryInvestmentParliament

$1.1 Billion for Project to Boost Growth of MSMEs and Start-Ups

Just over $1.1 billion has been allocated to continue the implementation of the Boosting Innovation, Growth and Entrepreneurship Ecosystems (BIGEE) project. The project aims to promote the sustainable and robust growth among startups and MSMEs in Jamaica. Details are contained in the 2023/24 Estimates of Expenditure, now before the House of representatives. There have been several physical achievements up to...