Minister of Finance and the Public Service
Audit Committee Performance Evaluation guideline (ACPE tool)
Hon. Nigel Clarke, DPhil., MP, (2nd left) Minister of Finance and the Public Service and Lilia Burunciuc (2nd right), World Bank Country Director for the Caribbean Countries sign a loan agreement to support the Jamaica Social Protection for Increased Resilience and Opportunities Project during a visibility ceremony at the ministry on Tuesday, June 11, 2024. Looking on are Collette Roberts Risden (left), Permanent Secretary, Ministry of Labour and Social Security and Dr. Jaime Saavedra Chanduvi (right), World Bank Human Development Director for Latin America and the Caribbean Region.
Kingston, Jamaica: Friday, August 15, 2025
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 MoFPS is pleased to note that of the many Items of Claims submitted by the JTA, there has been settlement of payment of advancement along salary bands and meaningful progress in the discussions around various other items including the treatment of extra hours worked, matters of uniform, continuing the broadband programme service as the government seeks to improve the delivery of education and revision and passage of the Pension Legislation to treat with premature retirement.
Of note, there are many items of an administrative nature included in the Items of Claims by the JTA that are being addressed by the Ministry of Education, Skills, Youth and Information (MoESYI).
I remain willing to continue the discussions in good faith, with the aim of arriving at an outcome that is sustainable, equitable and in the best interest of the nation.
-end-
Fayval Williams, CFA, MP
Minister of Finance and the Public Service
Ministry of Finance and the Public Service
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
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.
Minister of Finance and the Public Service, Hon. Fayval Williams, has today advised that the movement of up to three (3) increments in the substantive salary scales for all eligible public sector workers will amount to an increase in basic salary of approximately 7.5% for most public sector workers. She has contrasted this agreement with the norm before the comprehensive salary reform of 2022, in which only one (1) increment would be made in a year, and such a move was also tied to receiving 75% or more on the Performance Management and Appraisal System (PMAS).
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