The Fourth Supplementary Estimates for fiscal year 2022/23 were approved in the House of Representatives on Tuesday (Feb. 28), pushing budgeted expenditure to approximately $1.002 trillion. Included are net incremental adjustments to the Central Government Budget of $4.3 billion, reflecting a net increase of $10.1 billion in recurrent expenditure and a net reduction of $5.8 billion in capital spending. Minister...

Widening and dualisation of Grange Lane in St. Catherine will continue during the 2023/24 fiscal year with an allocation of $878 million. The sum is contained in the 2023/24 Estimates of Expenditure, which was tabled in the House of Representatives by Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, recently. The project aims to improve mobility...

The Government’s Electronic Land Titling project is to continue in the upcoming fiscal year from an allocation of $160 million. The project aims to improve the efficiency of the land registration process from the point of application through to issuing of a legally binding proof of title. Details of the allocation are contained in the 2023/24 Estimates of Expenditure, now...

Work is to continue on the Montego Bay Perimeter Road in St. James, from an allocation of $7.2 billion. The sum is contained in the 2023/24 Estimates of Expenditure, now before the House of Representatives. The project aims to create a safe and reliable alternative route for motorists who are intent on travelling across and within Montego Bay. This is...

An allocation of $22.1 billion has been made to continue work on the Southern Coastal Highway Improvement Project in the upcoming fiscal year. The sum has been budgeted in the 2023/24 Estimates of Expenditure, tabled in the House of Representatives by Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, recently. The objective of the project is...

Just over $1.1 billion has been allocated to continue the implementation of the Boosting Innovation, Growth and Entrepreneurship Ecosystems (BIGEE) project. The project aims to promote the sustainable and robust growth among startups and MSMEs in Jamaica. Details are contained in the 2023/24 Estimates of Expenditure, now before the House of representatives. There have been several physical achievements up to...

The Government will continue its drive to support the improvement of access to finance for micro, small and medium-sized enterprises (MSMEs) in the upcoming fiscal year. This, from a provision of $750 million contained in the 2023/24 Estimates of Expenditure, now before the House of representatives. There are four components of the project, namely enhancing the Credit Enhancement Facility (CEF)...