The Government will be  increasing budgetary spending by approximately $33 billion during the current fiscal year to provide additional resources to the health sector, increased support for the most vulnerable, along with funding for other critical areas of expenditure due to the coronavirus (COVID-19) pandemic. The additional allocation increases the budget to just over $863 billion. The details are contained...

Tax Administration Jamaica (TAJ) has rolled out yet another of its convenient service features with the introduction of a Tax Compliance Certificate (TCC) Auto-Approval process. The new service feature which is available via the Tax Authority’s Revenue Administration Information System (RAIS), allows TCC applicants to make their applications online and receive automatic approval, in a further step of making doing...

The Accountant General’s Department (AGD), through the Public Sector Transformation Project, is modernising its approach to managing public funds. Through ongoing technological developments of the Central Treasury Management System (CTMS) the AGD is now able to provide its stakeholders with an automated user experience, and improved processing and transactions services. The CTMS is the medium through which the Government consolidates...

The Bank of Jamaica’s (BOJ) Electronic Document Record Management System Project has been approved by Cabinet for inclusion and implementation under the Government’s Public Sector Investment Programme (PSIP). The project is being implemented to bolster the Bank’s information and data governance programme. Minister of Education, Youth, and Information, Hon. Fayval Williams, made the disclosure during Wednesday’s (September 22) digital Post-Cabinet...

The Development Bank of Jamaica (DBJ) has launched a $3-billion Social and Economic Recovery and Vaccine (SERVE) Jamaica Programme, for micro, small and medium-sized enterprises (MSMEs) to reset their operations. The launch of the DBJ SERVE Jamaica Programme took place at The Jamaica Pegasus hotel in New Kingston on Wednesday (September 15) and was addressed by Minister of Finance and...

Micro, small and medium-sized enterprises (MSMEs) affected by the coronavirus (COVID-19) pandemic are to benefit from $3 billion in loans and grant support through partnership between the Ministry of Finance and the Public Service and the Development Bank of Jamaica (DBJ). Under the DBJ’s Social and Economic Recovery and Vaccine (SERVE) Jamaica Programme, which was officially launched on Wednesday (September...

Jamaica generated export earnings of US$655.1 million between January and May 2021, representing a 24.6 per cent increase over the US$525.7 million for the corresponding period last year. The information is contained in a statement from the Statistical Institute of Jamaica (STATIN) on Tuesday (September 14). The entity indicated that the top-five destinations for Jamaican exports, during the review period...