A Jamaica Teachers Association Memorandum dated April 23, 2025 to its membership from the Secretary General, Mark Nicely, stated that the Ministry of Finance and the Public Service had outlined that payments for the increments should be made during the first quarter of the 2025-2026 Financial Year.
The third staging of the Ministry of Finance and the Public Service’s (MOFPS) National Budget Secondary School Tour is set to engage several schools in the parish of Clarendon. The Ministry rolled out this leg of the school tour with a launch at Glenmuir High School which included students from Denbigh High School on Tuesday, April 8, 2025.
The Ministry of Finance and the Public Service and the Jamaica Confederation of Trade Unions (JCTU) signed a Supplementary Agreement on September 12, 2024. Among the matters agreed in this Agreement is the movement of specific public sector employees along their substantive salary bands effective April 1, 2025.
Fitch Ratings Agency, on February 21, 2025, affirmed the Government of Jamaica’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BB-’, with the outlook remaining “Positive.”
Three (3) exceptional civil servants were awarded for their outstanding contribution to the public sector during the Government of Jamaica (GOJ) and the First Heritage Co-operative Credit Union (FHCCU) Civil Servants of the Year and People’s Choice Awards held at the Terra Nova All-Suite Hotel on Friday, November 15, 2024.
Hon. Fayval Williams, MP, Minister of Finance and the Public Service says the government will be leveraging artificial intelligence (AI) to improve and enhance audit committees in Jamaica. She was delivering remarks during the Government of Jamaica’s 2024 Audit Committees’ Conference at the Summit Kingston on Thursday, November 7, 2024.
The Independent Fiscal Commission Act, which establishes an Independent Fiscal Commission for monitoring and maintaining Jamaica’s adherence to the country’s fiscal responsibility laws, was passed in 2021.
The Government of Jamaica is pleased to announce that it has secured US$480 million in the Government of Jamaica’s first structured securitisation transaction in international capital markets. The transaction involved the securitization of the portion of the Norman Manley International Airport revenue that is due to the GOJ.
This statement is in response to a media story today.
The multi-billion Stocks and Securities Limited (“SSL”) fraud, which dates back to at least 2010, and which only came to light in January 2023, was a punch to the gut for all Jamaicans. The magnitude of the fraud, its duration and the fact that the victims included several elderly Jamaicans, as well a beloved icon, shocked the nation. I shared and still share those emotions.
The Government of Jamaica (GOJ) is implementing a Reverse Income Tax Credit (RITC) which will provide a grant of $20,000 to registered taxpayers who earned less than 3 million dollars during year of assessment 2023. The initiative was launched at the Jamaica Pegasus Hotel in Kingston on Wednesday, October 2, 2024.
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