Minister of Finance and the Public Service, Hon. Fayval Williams, announced that a significant portion of the national Budget for the upcoming fiscal year will be allocated to rebuilding infrastructure damaged by Hurricane Melissa on October 28. Highlighting a record breaking $1.4-trillion allocation for the 2026/27 financial year, the Minister underscored the urgent need to repair extensive damage across western...

The Government continues to prioritise reform of the Primary Dealers (PD) System, emphasising that a well functioning framework is essential for the ongoing development of the domestic debt market. Minister of Finance and the Public Service, Hon. Fayval Williams, made the disclosure while opening the 2026/27 Budget Debate in the House of Representatives on March 10. She explained that the...

The Government will be taking steps to simplify Regulation 47 of the Insurance Regulation, to make it easier for life insurance companies to invest in corporate debt. Minister of Finance and the Public Service, Hon. Fayval Williams, made the disclosure as she opened the 2026/27 Budget Debate in the House of Representatives on Tuesday (March 10). Mrs. Williams said life...

Minister of Finance and the Public Service, Hon. Fayval Williams, has assured the public that Jamaica is well positioned to manage fluctuations in global oil prices stemming from the ongoing conflict in the Middle East. Speaking during Wednesday’s (March 11) post Cabinet Press Briefing at Jamaica House, Mrs. Williams highlighted the Net International Reserves (NIR), currently standing at US$6.8 billion,...

Minister of Finance and the Public Service, Hon. Fayval Williams, has responded to concerns highlighted in the Independent Fiscal Commission’s report, published on its website, regarding the Government’s Budget figures. The Commission was established to analyse the Government’s Budget and provide an independent, secondary opinion. Opening the 2026/27 Budget Debate in the House of Representatives on Tuesday (March 10), Mrs....

Jamaica’s Net International Reserves (NIR) stands strong at US$6.839 billion as at March 5, covering 36 weeks of imports of goods and services. “The global international benchmark is 12 weeks, meaning, it’s considered adequate for a country if its gross reserves cover 12 weeks of goods and services imports. Jamaica has 36 weeks. Our NIR is strong!” declared Finance and...

The Government will begin a phased process to increase the share of pension funds that can be invested in private company equity in the 2026/27 fiscal year. This reform is intended to ease the five per cent cap that has limited participation of these funds in local corporate and infrastructure financing. Minister of Finance and the Public Service, Hon. Fayval...