Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, is urging ministries, departments and agencies (MDAs) to exercise prudent management of overtime budgets. Addressing the Standing Finance Committee reviewing the First Supplementary Estimates for fiscal year 2024/25 in the House of Representatives on Tuesday (October 15), Dr. Clarke said the way in which compensation arrangements exist now,...

The FINSAC Commission Archives are expected to be launched in the coming days, says Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke. He made the announcement while closing the debate on the first supplementary estimates for fiscal year 2024/25 in the House of Representatives on Tuesday (October 15). “Later this week, we plan to launch the...

Some 243,000 Jamaicans have been approved for the Government’s Reverse Income Tax Credit. This financial initiative is designed to assist persons earning below $3 million annually, who meet the specific criteria, to receive a one-off $20,000 payment. Addressing the House of Representatives on a motion for the approval of the first supplementary estimates for fiscal year 2024/25 on Tuesday (October...

The House of Representatives approved the first Supplementary Estimates for the 2024/25 fiscal year on Wednesday (October 15). The Estimates provide for an increase in total government expenditure and payments by approximately $40.7 billion, increasing the Budget to $1.38 trillion. This will be financed primarily through additional projected revenue and grant flows arising from non-tax revenue and tax revenue inflows....

Prime Minister, Dr. the Most Hon. Andrew Holness, says the strengthened partnership between Jamaica and India will be pivotal in unlocking new opportunities for growth, development and cultural exchange. Dr. Holness, who provided an update on his recent official visit to the Republic of India in the House of Representatives on Tuesday (October 8), said this partnership is critical as...

Newly elected Member of Parliament (MP) for St. Ann North East, Matthew Samuda, was sworn in today (October 8), during the sitting of the House of Representatives. After taking the Oath of Allegiance, the MP was welcomed by Deputy Speaker, Heroy Clarke; House Leader and Minister of Tourism, Hon. Edmund Bartlett, as well as other Members of Parliament on both...

The Administrator-General (AG) has been empowered to administer estates solely comprising personal property not exceeding $1.5 million without the need for a Grant of Administration from the Courts. This increase became effective with the Gazetting of the Administrator-General’s (Maximum Value of Small Estates) (Amendment) Order 2024, on August 29, 2024. The Administrator-General was previously empowered to administer estates consisting solely...