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Economic Reform Programme Must Be Completed

Minister of Finance and Planning, Dr. the Hon. Peter Phillips says the economy has seen a number of recent gains such as the finalization of US$3 billion in investments; increased employment; below target inflation; and a narrowing of current account balance of payments. He outlined the achievements while addressing a…

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Minister of Finance Reviews New Revenue Measures

The following is a press release issued from the Ministry of Finance and Planning: This morning whilst addressing a meeting with a number of trade union leaders Minister Phillips indicated that he will be conducting a review of the announced revenue measures and will shortly announce if any adjustments will…

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Gov’t Working to Conclude Arrangements for Productive Input Relief

Government is working to conclude by June 2014, arrangements regarding the registration and certification procedures for businesses that will access the Productive Input Relief (PIR) component of the new Omnibus Tax Incentive regime. Under this aspect of the regime, provision is made for a reduction of the tax related cost…

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Jamaica Has to Maintain Strong Fiscal Discipline

Finance and Planning Minister, Dr. the Hon. Peter Phillips, says Jamaica will have to maintain its programme of strong fiscal consolidation for the foreseeable future, if it is to continue its downward trend in the debt to gross domestic product (GDP ) ratio. “There is a lot of discussion about…

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$20.7 Billion to protect the most Vulnerable

Finance and Planning Minister, Dr. the Hon. Peter Phillips, says despite budgetary resource constraints, the Government has established a protected spending floor of $20.7 billion to cover critical social programmes for the society’s most vulnerable. These programmes include: the Programme of Advancement through Health and Education (PATH); School Feeding Programme;…

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House Approves $72.4 Billion Carry on Budget

The House of Representatives on Tuesday (March 4) approved a Resolution allowing the Government a sum of $72.4 billion to carry on its business for a period of three months, from April 1 to June 30. Moving the resolution, Minister of Finance and Planning, Dr. the Hon. Peter Phillips informed…

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