Following a meeting on Wednesday, April 29, 2026, between the Ministry of Finance and the Public Service (MOFPS) and the Jamaica Confederation of Trade Unions (JCTU), both parties are pleased to advise that an agreement has been reached to resume annual performance-based salary increments.
Honourable Fayval Williams, Minister of Finance and the Public Service, announces the commencement of the search for a new Governor of the Bank of Jamaica (“BOJ”) who would be expected to succeed Governor Richard Byles on the completion of his term of appointment on August 18, 2026. The search will take place in keeping with the principles of transparency and good governance.
The Ministry of Finance and the Public Service (MOFPS) has officially launched the fourth staging of the National Budget Secondary School Tour, setting the tone for a series of dynamic and interactive workshops designed to sensitize students about the national budget and its impact on their lives.
The Ministry of Finance and the Public Service (MOFPS) has signed a new loan contract with the Inter-American Development Bank (IDB) valued at US$70 million to support the Continued Public Sector Transformation Programme. The MOFPS and IDB representatives participated in a Visibility Ceremony for the loan agreement at the MOFPS on Friday, March 27, 2026.
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.
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