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JAMAICA: Government Revenues Soar

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#Kingston, November 25, 2022 – There has been a jump in Government revenue collection, with tax revenues for the first six months of the fiscal year exceeding budget by $35 billion.

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, said that the out-turn is as a result of higher-than-expected economic performance.

“The first quarter growth came out at 5.7 per cent… and all categories of revenue are over budget. Revenues from income and profits are up by nearly 13 per cent or $10 billion,” Dr. Clarke said.

In addition, he noted that revenues from production and consumption are up by seven per cent or $7 billion and revenues from international trade are up by 15 per cent or $18 billion. Revenues from motor-vehicle licences for the first six months of this year are 16 per cent higher than budgeted.

Dr. Clarke was speaking in the House of Representatives on Tuesday (November 22) where the First Supplementary Estimates for 2022/23 were approved.

The approval reflects a revised expenditure of $971 billion, from the previously approved budget of $912 billion for the financial year.

Minister Clarke said the First Supplementary Estimates come within the context of positive overperformance of the economy.

“As a result of this revenue overperformance… we are able to come to this Parliament six months after and put a Budget that proposes $60 billion in new expenditure,” Dr. Clarke said.

The largest component of the supplementary budget is the allocation for public-sector salaries and wages in keeping with the restructuring of compensation.

“We are allocating $16 billion there and there is another $2 billion to the Ministry of Health and Wellness and then about $3 billion for statutory deductions, making a total of $21 billion,” the Minister said.

 

Contact: Latonya Linton

Release: JIS

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Morgan Heritage Member dies

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Rashaed Esson

Staff Writer

 

#MorganHeritage#PeterMorgan, February 26th, 2024 – Peter Morgan, member of the Grammy Winning Jamaican Reggae Band Morgan Heritage, died on Sunday February 25th at the age of 46. His family made the announcement on Instagram, however the cause of his death was not mentioned. Morgan Heritage, an all family group, children to Jamaican reggae artist Denroy Morgan, was known for hits like “She’s Still loving me.”

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Jamaica Local Govt Elections held

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Rashaed Esson

Staff Writer

#Jamaica#LocalGovElections, February 26th, 2024 – Jamaica’s long awaited local government elections were held today February 26th, after being postponed on several occasions since November of 2020. Reports indicate that just over two million Jamaicans are eligible to vote and that the electoral system was well prepared with a total of 6,726 polling stations in 2,148 locations across the island, open from 7:00 a.m. to 5:00 p.m.  Voters selected from 496 nominated candidates across the island. The date for results is yet to be announced

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Ariel Henry to Finalize Agreement with Kenya for Multinational Force – Could Bring Political Tensions.

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Rashaed Esson

Staff Writer

#Haiti#Kenya#ArielHenry, February 26th, 2024 – Haiti’s Prime Minister Ariel Henry is flying to Nairobi Kenya on Tuesday February 27th, to finalize the paperwork with Kenyan authorities for the deployment of the multinational force. However, the legitimacy of anything he agrees to or signs is already being questioned because Haiti currently has no parliament and Henry should have demitted office since February 7.  

 

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