$30 Billion Allocated For Major Projects

The Government is projected to spend $30.5 billion in 2015/16 to undertake work on roads and bridges, provide buses and housing solutions, upgrade schools, among …

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Debt to GDP Ratio Continues to Fall

The country’s debt to gross domestic product (GDP) ratio is expected to continue its downward trajectory during the new fiscal year to reach 130.7 per …

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NIR Remains Strong

The country’s Net International Reserves (NIR) remain strong, standing at US$1.91 billion at the end of February. Minister of Finance and Planning, Dr. the Hon. Peter Phillips, informed …

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BPO to Yield 6,400 Additional Jobs

Approximately 6,400 additional jobs are expected to be created in the Business Process Outsourcing (BPO) industry within the next fiscal year. Minister of Finance and …

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More Tax Relief for PAYE Workers

Effective January 1, 2016, the threshold on Personal Income Tax will be increased from $557,232 to $592,800 per annum, thereby providing further relief to PAYE workers. “For …

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Craft Industry to be Improved

The Government has allocated $12.8 million in the 2015/16 Estimates of Expenditure for the Craft Enhancement and Business Planning Training Project. The Estimates were tabled …

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