Countdown to the Budget 2022 Kingston, Jamaica: February 1, 2022 The Minister of Finance and the Public Service presents Government’s expenditure and revenue estimates for
My fellow Jamaicans,
You may have noted that in its Economic and Fiscal Assessment Report which was published in January, the Independent Fiscal Commission said Hurricane Melissa caused an estimated US$8.8 billion in damage — which is about 41 per cent of GDP.
Fitch Ratings Agency, on February 5, 2026, affirmed the Government of Jamaica’s Long-Term Foreign-Currency and Local Currency Issuer Default Rating (IDR) at ‘BB-’ and maintained the outlook at “Stable”.
Auditors, public sector workers and government officials were urged to strengthen stakeholder confidence in public services by reinforcing trust, enhancing risk oversight and building institutional resilience at the Government of Jamaica’s (GOJ) Audit Committees’ Conference, held at the Jamaica Pegasus Hotel on Wednesday, January 21, 2026.
Reference is made to Ministry of Finance and the Public Service Press Release of November 6, 2025 regarding the relief of customs duty and general consumption tax (GCT) on a specified list of items.
The Government of Jamaica (GOJ) has introduced a new requirement for procuring entities to publicly disclose contracts awarded in situations of emergency or extreme urgency on the Government of Jamaica Electronic Procurement System (GOJEP) at www.gojep.gov.jm. This new requirement reinforces the GOJ’s commitment to transparency, accountability and public oversight.
The Ministry of Finance and the Public Service (MOFPS) wishes to advise the public that approval has been granted for an extension in the relief of Import Duty and General Consumption Tax on imported donations and relief supplies to assist in recovery efforts following the passage of Hurricane Melissa.
The Ministry of Finance and the Public Service (MOFPS) wishes to advise the public that approval has been granted for an extension in the relief of Import Duty and General Consumption Tax on imported donations and relief supplies to assist in recovery efforts following the passage of Hurricane Melissa.
Standard and Poor’s (S&P) Global Ratings, today, September 25, 2025, upgraded Jamaica’s long-term foreign and local currency sovereign credit ratings from ‘BB-‘ to BB,’ while its outlook remains “Positive”.
I note with much regret the pre-dated media release of August 14, 2025 shared by the Jamaica Teachers’ Association (JTA) today (August 15, 2025). While it is disappointing that the members of the JTA’s leadership choose not to continue the discussions at today’s meeting that they demanded, the Ministry of Finance and the Public Service (MoFPS) remains committed to the matter of Wage and Fringe Benefits negotiations.
The Ministry of Finance and the Public Service welcomes Jamaica’s invitation to participate in the Financial Action Task Force (FATF) “FSRB Jurisdictions Guest Initiative.” This prestigious invitation was extended by FATF President Ms. Elisa de Anda Madrazo and will allow Jamaica to sit at the FATF table under its own flag and contribute to the organisation’s key policy discussions and working groups over the course of one year.
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