JIS News

Parliamentary debates on several pieces of legislation related to tax and pension reforms, are expected to either commence or continue in the House of Representatives next week.

Finance and Planning Minister, Dr. the Hon. Peter Phillips, who made the announcement while addressing  the weekly luncheon of the Kingston Rotary Club at the Jamaica Pegasus Hotel, New Kingston, on November 15, informed that in relation to tax reform, Parliament had completed its work, with the resultant Green Paper being tabled, and the debate completed.

"The White Paper, setting out the Government's comprehensive policy stance on tax reform has been considered and approved by the Cabinet (and is) to be laid in the Parliament next week," the Minister said.

Additionally, Dr. Phillips pointed out that Parliament's Joint Select Committee considering public sector pension reform, has completed its work on that piece of legislation, with the resulting debate on the Green Paper expected to be completed during next week’s sitting of the House.

"We expect that (the) White Paper, setting out (the) formal policy position of the government, will be laid before the end of this year," he said.

Dr. Phillips advised that the new Corporate Governance Framework Bill is also expected to be laid in Parliament next week, while expressing the hope that the new Public Debt Management Bill, which has already been tabled, "will be debated and passed before this month is out".