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Aug 25, 2019 Last Updated 11:31 AM, Aug 22, 2019

Press Releases:

GOJ signs MOU with EPOC to Extend Domestic Monitoring of Jamaica’s Economic Reform Programme

Pensions Plans Now Permitted to Invest in a Wider Range of Assets Through Amendments to Pension Inve

TAJ Cashier Sentenced

Mr. Richard Byles selected as New BOJ Governor

How Jamaica Is Using Reggae to Communicate Monetary Policy. Click to watch the interview!

Ministry of Finance & Public Service

The Minister of Finance & the Public Service

The Hon. Nigel Clarke, DPhil., MP, is Jamaica's Minister of Finance and the Public Service and is Member of Parliament for St Andrew Northwestern. ...

Financial Secretary

Miss Darlene Morrison...

Civil Servant of the Year Award 2019

Nominations are now open for the Civil Servant of the Year Award 2019. Click the image for more details.

PIMSEC Relocation

The Public Investment Management Secretariat (PIMSEC) has been relocated to the the Development Bank of Jamaica.

GOJ to Spend J$2B to Improve Public Sector Efficiency

The Government of Jamaica (GOJ) will be spending over J$2b on some critical projects to improve efficiency in targeted areas of its operations over the next four years. Click the image to read more.

MOFPS Budget Wrap 2019

Click the image to view the MOFPS Budget Wrap 2019

Citizen's Guide to the Budget

Click the image to view the Citizen's Guide to the Budget

Courtesy Call paid by Mexican Embassy

Dr the Honourable Nigel Clarke, Minister of Finance and the Public Service(centre right)greets Dr. Manuel Ramos Francia, Head of Centre for for Latin American Monetary Studies(centre left). Also included in the photo are His Excellency Juan Jose Gonzalez Mijares(far right), Mexican Ambassador to Jamaica and Mr. Brian Wynter, Bank of Jamaica Governor(far left).

Heads of Agreement Signed between the GOJ and Jamaica Federation of Corrections

Click the image to read the press release.

14th Regional Investment & Capital Market Conference

Minister of Finance, Dr. The Honourable Nigel Clarke, addresses the Jamaica Stock Exchange’s 14th Regional Investments & Capital Markets Conference on ‘Life after the IMF: Preserving the Benefits from the IMF, Through Sustainable Growth & Development.’ Dr. Clarke highlighted that for the first time in decades all economic variables are positively aligned: low, stable and predictable inflation; increased employment with more Jamaicans being employed than ever before; fifteen (15) consecutive quarters of positive growth; and historically high Central Bank reserves. The Finance Minister also stated pointedly that, the Government was committed to institutionalising the gains of the reforms through the establishment of an Independent Fiscal Council to be the arbiter of Jamaica’s Fiscal Rules, modernising the Central Bank and making inflation targeting the primary objective of monetary policy and developing the technical capacity of those in charge of crafting policy at the Ministry of Finance, Bank of Jamaica and the Planning Institute of Jamaica.

Dr the Hon Nigel Clarke , Finance Minister during his Keynote Address at the opening ceremony for the University of the West Indies Research Days 2019 stated that, the Government of Jamaica would be making funds available for Research and Development in the national budget as of financial year 2019/20. The Finance Minister also spoke about the research done with UWI which gave rise to the Mosquito Control Unit and efforts in vector management, as well as developing predictive models which can assist with predicting where the next outbreak is likely to exist. The event was held under the theme, ‘Driving Research for Social and Economic Development’.

Minister of Finance and the Public Service, Dr. the Honourable Nigel Clarke shares a light moment with Mrs. Therese Turner-Jones, Caribbean Department Manager of the Inter-American Development Bank (right), Canadian High Commissioner, Her Excellency Laurie Peters(left) and Mr. Daniel Best, Director of the Projects Department of the Caribbean (centre) at the Compete Caribbean Dialogue on Policies and Instruments to Unleash Innovation at the Courtyard Marriot Hotel in New Kingston recently.

The Budget

2019 - 2020 Budget

The Minister presents Government’s expenditure and revenue estimates for parliamentary approval at the start of eac...

GOJ signs MOU with EPOC to Extend Domestic Monitoring of Jamaica’s Economic Reform Programme

The Government of Jamaica today signed a Memorandum of Understanding (MOU) with the Economic Programme Oversight Committee ("EPOC") extending domestic monitoring of Jamaica's Economic Reform Programme beyond the end of the Precautionary Stand-By Arrangement with the International Monetary Fund (IMF).

Read more: GOJ signs MOU with EPOC to Extend Domestic Monitoring of Jamaica’s Economic Reform Programme

Pensions Plans Now Permitted to Invest in a Wider Range of Assets Through Amendments to Pension Investment Regulations

During the Tuesday, July 23, 2019 sitting of the House of Parliament, Hon. Minister of Finance and the Public Service Dr. Nigel Clarke moved amendments to the Pensions (Superannuation Funds & Retirement Schemes) (Investment) (Amendment) Regulations, 2019 which have now been adopted by the House of Representatives. These amendments will broaden the range of permissible assets in which pension plans can invest and strengthen the legislative framework with respect to safeguarding the assets of pension plans.

Read more: Pensions Plans Now Permitted to Invest in a Wider Range of Assets Through Amendments to Pension...

TAJ Cashier Sentenced

On Friday June 14, Tamarla Peart, a Cashier at the King Street location of the Tax Administration Jamaica, was sentenced by His Honour Vaughn Smith, in the Corporate Area Parish Court to six (6) months imprisonment at hard labour, or a fine of Eighty Thousand Dollars ($80,000.00). She opted to pay the fine.

Read more: TAJ Cashier Sentenced