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 cent by March 2016. This...

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 that the gross reserves, covering...

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 Planning, Dr. the Hon. Peter...

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 all PAYE persons, this will...

A sum of $450 million has been allocated in the 2015/16 Estimates of Expenditure, now before Parliament, to continue implementation of the Jamaica Foundations for Competitiveness and Growth project. The...

The Major Infrastructure Development Programme (MIDP) has received an allocation of $3.34 billion in the 2015/16 Estimates of Expenditure, now before Parliament. The project seeks to continue improvement of the...

A sum of $24.9 million is to be spent this year on the continued development of a National Identification System (NIDS) for Jamaica. The funds have been made available in...

A sum of $35 million has been provided in the 2015/16 Budget for the continued installation of flood lights and other related works at Sabina Park. The project seeks to...