Public Sector Transformation Programme Boosted
By: , February 19, 2019The Key Point:
The Facts
- The programme, jointly funded by the Government of Jamaica, World Bank, and United Kingdom Department for International Development, aims to strengthen public resource management and support State institutions in facilitating a more enabling environment for private-sector growth.
- Achievements under the project, since its commencement in August 2014, include: strengthening of the Public Investment Management System and the budget preparation process; implementation of measures to promote fiscal sustainability; and fostering industrial growth and trade facilitation via the Bureau of Standards Jamaica (BSJ).
The Full Story
The Public Sector Transformation Programme will be further boosted during the upcoming fiscal year, through a $1.32 billion allotment in the 2019/20 Estimates of Expenditure, now before the House of Representatives.
The programme, jointly funded by the Government of Jamaica, World Bank, and United Kingdom Department for International Development, aims to strengthen public resource management and support State institutions in facilitating a more enabling environment for private-sector growth.
Achievements under the project, since its commencement in August 2014, include: strengthening of the Public Investment Management System and the budget preparation process; implementation of measures to promote fiscal sustainability; and fostering industrial growth and trade facilitation via the Bureau of Standards Jamaica (BSJ).
Work will continue in these areas during 2019/20, as also 2020/21 with an additional allocation of $735 million.
The project is slated for completion in September 2020.