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The Government will be undertaking significant fiscal policy reform including the implementation of a Fiscal Responsibility Framework (FRF), in order to address low growth and high debt, and to boost revenue collection. "The FRF seeks to introduce the principles of responsible fiscal management and aims to improve fiscal transparency by requiring that firm targets are set and kept," Finance and...

A gradual recovery of the Jamaican economy is projected to commence in the latter part of financial year 2010/11, as the global recession eases and the conditions in the financial markets improve. "Economic growth is expected to be moderate over the next four years. Headline inflation is programmed to decline gradually over this period, falling below 7.0 per cent per...

Prime Minister, the Hon. Bruce Golding, has said that reducing the public sector wage bill is vital to Government's goal of making more resources available for investment. He was addressing the House of Representatives on September 30, immediately following the meeting of the Standing Finance Committee that accepted the 2009-2010 Supplementary Estimates of expenditure. "Restructuring the public sector to be...

Speaker of the House of Representatives, Hon. Delroy Chuck, will lead a four-person delegation to the 55th Commonwealth Parliamentary Conference and General Assembly, to be held in Arusha, Tanzania, from September 28 to October 6. The conference, which is the largest conference hosted by the Commonwealth Parliamentary Association (CPA), will be held under the theme: 'The Commonwealth and the CPA:...

Fresh from his seventh Town Hall meeting in May Pen, Clarendon, on September 23, Prime Minister, the Hon. Bruce Golding will continue to hear your views and get your questions answered on his monthly call-in radio programme, 'Jamaica House Live', on Wednesday (September 30). The monthly call-in radio programme is aired between 8:30 and 10:00 p.m. on seven radio stations,...

The Senate today (September 25), approved three additional amendments to the Child Pornography (Prevention) Act 2009, which was passed in the House of Representatives on Tuesday, September 22. The Bill was first passed in the Senate on Friday, July 24, with seven amendments. It then went to the Lower House, where it was further revised and passed with an additional...

Additional claims from Ashtrom Building Systems Limited for construction work on Sabina Park, Kingston, to co-host the 2007 Cricket World Cup (CWC), has added $231 million to the 2009/10 budget. The figure was included in the First Supplementary Estimates tabled in the House of Representatives on Tuesday (September 22), under the Ministry of Finance and the Public Service's capital budget,...

Cabinet has approved the revised Jamaica Country Strategy for the Adaptation of the Sugar Industry: Year 2006 to 2020 (JCS II), which will replace the Jamaica Country Strategy for the Adaptation of the Sugar Industry: Year 2006 to 2015 (JCS I). This was disclosed by Minister without Portfolio in the Office of the Prime Minister, with responsibility for Information, Telecommunications...

Cabinet has approved amendments to the Customs Act, to give effect to duty free access into Jamaica, a list of items contained in the CARIFORUM/European Community (EC) Economic Partnership Agreement (EPA). "The Cabinet was advised that the EPA would enter into force upon completion of the legislative requirements and notification thereof by the CARIFORUM member states, and that for Jamaica,...

The Prime Minister, the Hon. Bruce Golding, announced last night that he will be making a very important speech in Parliament on Tuesday (September 29) regarding Jamaica's economic future. "I am going to speak in Parliament on Tuesday, and I am going to speak to this nation in a way that the nation needs to be spoken to," Mr. Golding...

Minister of Labour and Social Security, Hon. Pearnel Charles, is assuring Jamaicans that the National Insurance Fund (NIF) is being prudently managed. Speaking yesterday (Sept. 22) in the House of Representatives, he informed that the total assets of the NIF as of August 31 was $56.7 billion, reflecting an increase of five per cent over 2007. This, he said, is...

The House of Representatives yesterday (Sept. 22) passed the Child Pornography Act, after a compromise was reached on some concerns, which were raised by Members last week. Among the issues raised, which Prime Minister, the Hon. Bruce Golding, felt were not adequately addressed in the Bill, were situations where persons may be in possession of pornography for the purpose of...