
Ministry of Finance and the Public Service
Audit Committee Performance Evaluation guideline (ACPE tool)
Kingston, Jamaica: Thursday, May 2, 2024
Today I met with over 50 stakeholders of the horse racing industry inclusive of jockeys, grooms, trainers, owners, breeders, veterinarians, horse care personnel, directors and management of Supreme Ventures Racing and Entertainment Limited Management, Commissioners from the Jamaica Racing Commission (“JRC”) among other stakeholders from the horse racing industry.
The meeting was very productive.
We agreed as follows:
1. The promoter and other industry stakeholders will make every effort to improve the punctuality of races. Delayed starts pose a health risk to jockeys. Delays also have the potential to adversely affect the health of horses.
2. Abandonment of races as a measure has the effect of collective punishment with unintended consequences. Jockeys, grooms, owners, trainers, punters, fans, the promoter and the GOJ are all impacted. The JRC will review the newly instituted Rule 44(3) which empowers stewards to abandon races and will suspend its application for the time being. In the interim, the JRC will develop a program of dissuasive fines that disincentives late starts with clear rules on the application of such fines.
3. Over the next 30 days, the respective parties will renegotiate the Deed among them that addresses the calculation of amounts allocated to purses and the distribution of such amounts.
4. On the signing of a renegotiated Deed, I will appoint a Task Force to review the horse racing industry and make recommendations for an acceleration of its development.
-end-
For further information contact:
Ministry of Finance and the Public Service
30 National Heroes Circle
Kingston 4
Follow us:
The Hon. Nigel Clarke, D.Phil., MP
Minister of Finance and the Public Service
30 National Heroes Circle, Kingston 4
Tel: (876) 932-4656 / 4660 / 4655
Eml: opedjamaica@gmail.com
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.”
Stay in the know with everything going on at the Ministry of Finance and the Public Service by subscribing the MOFPS INSIDER magazine.
Stay in the know with everything going on at the Ministry of Finance and the Public Service.