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Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, opens the 2022/23 Budget Debate in the House of Representatives on Tuesday (March 8).
Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, opens the 2022/23 Budget Debate in the House of Representatives on Tuesday (March 8).

Gov’t Providing $2 Billion To Assist Persons Most Impacted By High Gas And Energy Prices

The Government is making a special provision, in the amount of $2 billion, to provide targeted support to Jamaicans who are most adversely affected and have the least ability to absorb the impact of high gas and energy prices. Finance...
Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, delivering the opening presentation in the 2022/23 Budget Debate in the House of Representatives on Tuesday (March 8) under the theme, ‘Recovery, Reform and Restoration’.
Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, delivering the opening presentation in the 2022/23 Budget Debate in the House of Representatives on Tuesday (March 8) under the theme, ‘Recovery, Reform and Restoration’.

Public Sector Compensation Restructuring To Cost More Than $100 Billion Over Three Years
Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, points to the new series of Jamaican banknotes as he opened the 2022/23 Budget Debate in the House of Representatives on Tuesday (March 8). In the newly designed banknotes, which will be available late this calendar year, The Most Hon. Michael Manley and The Most Hon. Edward Seaga, will appear together on the $2,000 banknote. In addition, The Right Excellent Paul Bogle and The Right Excellent George William Gordon, will appear together on the upgraded $50 banknote; The Right Excellent Marcus Garvey will appear alone on the upgraded $100 banknote; The Right Excellent Nanny of the Maroons and The Right Excellent Sam Sharpe will appear together on the upgraded $500 note; The Right Excellent Sir Alexander Bustamante and the Right Excellent Norman Manley, who were founding fathers of modern Jamaica, will appear together on the upgraded $1,000 banknote, and the Most Hon. Donald Sangster and the Most Hon. Hugh Shearer will appear together on the upgraded $5,000 note.
Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, points to the new series of Jamaican banknotes as he opened the 2022/23 Budget Debate in the House of Representatives on Tuesday (March 8). In the newly designed banknotes, which will be available late this calendar year, The Most Hon. Michael Manley and The Most Hon. Edward Seaga, will appear together on the $2,000 banknote. In addition, The Right Excellent Paul Bogle and The Right Excellent George William Gordon, will appear together on the upgraded $50 banknote; The Right Excellent Marcus Garvey will appear alone on the upgraded $100 banknote; The Right Excellent Nanny of the Maroons and The Right Excellent Sam Sharpe will appear together on the upgraded $500 note; The Right Excellent Sir Alexander Bustamante and the Right Excellent Norman Manley, who were founding fathers of modern Jamaica, will appear together on the upgraded $1,000 banknote, and the Most Hon. Donald Sangster and the Most Hon. Hugh Shearer will appear together on the upgraded $5,000 note.

PHOTOS: Minister Clarke Announces Newly Designed Banknotes
Minister of Education and Youth, Hon. Fayval Williams (left), speaks at the meeting of the Standing Finance Committee in the House of Representatives on March 3. The members were deliberating the 2022/23 Estimates of Expenditure. With her is Permanent Secretary in the Ministry, Maureen Dwyer (right).
Minister of Education and Youth, Hon. Fayval Williams (left), speaks at the meeting of the Standing Finance Committee in the House of Representatives on March 3. The members were deliberating the 2022/23 Estimates of Expenditure. With her is Permanent Secretary in the Ministry, Maureen Dwyer (right).

$430 Million Additional Support For Schools
Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, speaking during Tuesday’s (March 1) meeting of the Standing Finance Committee of the House of Representatives, which is deliberating the 2022/23 Estimates of Expenditure. Beside him is State Minister in the Ministry, Hon. Marsha Smith.
Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, speaking during Tuesday’s (March 1) meeting of the Standing Finance Committee of the House of Representatives, which is deliberating the 2022/23 Estimates of Expenditure. Beside him is State Minister in the Ministry, Hon. Marsha Smith.

Finance Minister Outlines Benefits Of Compensation Restructuring

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Logo of the Ministry of Finance and the Public Service
Finance & Public Service

$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...
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TAJ logo
Finance & Public Service

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,...
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Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke (centre), speaks with United Nations Children’s Fund (UNICEF) Jamaica Country Representative, Mariko Kagoshima (left), during Wednesday’s (February 23) launch of the Government’s Public Expenditure Review (PER) for Jamaica’s Education Sector. The launch took place at the Finance Ministry in Kingston. Listening (from second left) are Minister of Education and Youth, Hon Fayval Williams, and the World Bank’s Caribbean Country Director, Lilia Buruncuic, and Human Development Programme Leader for the Caribbean, Timothy Johnston. The PER was jointly undertaken by UNICEF and the World Bank.
EducationFinance & Public Service

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,...
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Official logo United Nations Jamaica.
Economic Growth & Infrastructure DevelopmentFinance & Public ServiceWorks / Construction

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...
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Minister of State in the Ministry of Finance and the Public Service, Hon. Marsha Smith. (Official Photo)
Finance & Public Service

Jamaicans Encouraged To Tune In To The Budget Debate

Jamaicans are being encouraged to follow the upcoming Budget Debate, which begins on March 8. State Minister in the Ministry of Finance and the Public Service, Hon. Marsha Smith, told JIS that the Debate, which will provide details on what the Government plans to do with the country’s finances over the 2022/23 financial year, beginning April 1, is in the...
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Minister of Finance and Public Service, Dr. the Hon. Nigel Clarke, recently tabled the Estimates of Expenditure in the House of Representatives.
Climate ChangeFinance & Public ServiceParliament

$60 Million Allocated For Climate Change Project

The Government has budgeted $60 million for activities under the Adaptation Programme and Financing Mechanism (AP&FM) project, which seeks to help Jamaica adjust more easily to climate change. The money was allotted in the 2022/23 Estimates of Expenditure, now before the House of Representatives. The project, which began in February 2015 and is slated to end in June 2022, is...
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Bank of Jamaica (BOJ) Governor, Richard Byles.
Finance & Public Service

Currency Depreciation Has Slowed – BOJ

The Bank of Jamaica (BOJ) is reporting that the pace of foreign exchange rate depreciation has slowed significantly. Governor, Richard Byles, said that the exchange rate, as at February 16, 2022, was J$157.42 to US$1, representing four per cent annual point-to-point depreciation. “This is a slower pace of depreciation than what occurred over the same period of last year. Moreover,...
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