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Jamaica To Introduce A New $2,000 Banknote
Jamaica is introducing a new $2,000 banknote on which late former Prime Ministers, the Most Hon. Edward Seaga, and the Most Hon. Michael Manley, will appear together. It is among a series of new/upgraded notes, which will go into circulation...
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$430 Million Additional Support For Schools
The Ministry of Education and Youth is providing $430 million for additional support to schools, following the full resumption of face-to-face classes on Monday, March 7. This was disclosed by Minister of Education and Youth, Hon. Fayval Williams, during the meeting of the Standing Finance Committee in the House of Representatives on March 3. The members are deliberating the 2022/23...
Finance Minister Outlines Benefits Of Compensation Restructuring
Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, said that the public-sector compensation restructuring exercise will better enable the Government to recruit and retain talented and experienced persons in the civil service. He was addressing Tuesday’s (March 1) meeting of the Standing Finance Committee of the House of Representatives, which is deliberating the 2022/23 Estimates of...
$9 Billion Allocated For Projects Under Finance Ministry
Just over $9 billion has been allocated for the Ministry of Finance and the Public Service’s 2022/23 Capital Budget. The provision is earmarked to implement and manage projects financed by the Government’s Consolidated Fund and bilateral and multilateral agencies. Details are outlined in the 2022/23 Estimates of Expenditure, now before the House of Representatives. The largest share of $5.32 billion...
Do Tax Business this Saturday
Tax Administration Jamaica (TAJ) is reminding the public that select Tax Offices will once again be open for business this month-end Saturday, February 26, 2022, as it has been doing every last Saturday since the start of the 2021/22 financial year. A growing number of customers doing walk-in business have been opting to avoid the usual busy month-end weekday period,...
Public Expenditure Review Of Education Sector Launched
The Government, on Wednesday (February 23), launched the Public Expenditure Review (PER) for Jamaica’s education sector. Piloted by the Ministries of Finance and the Public Service, and Education and Youth on behalf of the Government, the PER was jointly undertaken by the United Nations Children’s Fund (UNICEF) and the World Bank. The report highlights that while Jamaica’s expenditure on education,...
UN House To Be Completed In The New Fiscal Year
The Government has allocated $103.5 million to complete the establishment of United Nations (UN) House in Jamaica during the upcoming fiscal year. Funding provisions have been made in the 2022/23 Estimates of Expenditure, now before the House of Representatives. The project, being implemented by the Ministry of Economic Growth and Job Creation, through the National Land Agency (NLA) with funding...