Nov 22, 2017 Last Updated 10:16 AM, Nov 8, 2017

The Minister of Finance & the Public Service

The Honourable Minister Audley Shaw CD, MP, Minister of Finance and the Public Service. He is a graduate of Northern Illinois University (NIU) with a Bachelor of Arts and Master of...

Minister of State in the Ministry of Finance and the Public Service

The Honourable Rudyard Spencer, CD, MP is Minister of State (Public Service), with the Ministry of Finance and Public Service. Minister Spencer studied Industrial Relations at Medg...

Minister of State in the Ministry of Finance and the Public Service

The Honourable Fayval Williams, MP, is Minister of State in the Ministry of Finance and the Public Service. Minister Williams is a Chartered Financial Analyst (CFA), and holds an M...

2017 - 2018 Budget

The Minister presents Government’s expenditure and revenue estimates for parliamentary approval at the start of each financial year (April to March of the following year). They are organized by public service into what is termed Heads of Estimates, and reflect government’s development policies and priorities. The Budget is prepared under the direction of the Financial Secretary.

There are two accounts, the recurrent and capital accounts. The recurrent account represents the cost of maintaining the permanent administrative structure of government. The capital account is the cost of maintaining the national infrastructure, and implementing projects that enhance the country’s ability to pursue growth and development. Each ministry’s estimates are based on a corporate plan whose goals must be in harmony with the overall objectives of Government.


  • Debt Management Strategies

    The Debt Management Strategy of the Government of Jamaica is an annual publication of the Ministry of Finance and the Public Service that provides information on the Government’s debt management objectives, policies, plans and strategies for the fiscal year and the medium term.

  • Medium-Term Debt Management Strategy
  • Memoranda on the Budget

    The Budget Memorandum provides a summary review of the macroeconomy, the performance of Central Government’s Budget in the immediate past FY as well as the aims/objectives of the new Central Government Budget. It also reviews the activities of the Public Sector Entities and the Selected Projects performance. Debt and Capital Market developments are also provided. Other reviews are provided in Appendices I-IV covering Public Sector Establishment, Public Service Reform, Developments in the Financial Sector and Tax Administration.

  • Closing Budget Speech

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