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Wed, 08 February 2012

The Economy
Revenues & Grants To Fund Over 64% Of Jamaica’s 2011-2012 Budget Print
Written by Kamal   
revenues_and_grants_to_fund_over_64_of_jamaicas_2011-2012_budge_tn.jpg Funding for the Jamaican budget for the fiscal year 2011/2012 has an interesting mix of taxes, grants and loans. Revenues and grants make up sixty-four percent of the budget with the remainder coming from domestic and external loans.

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Business Leaders Suggest Growth Strategies For Jamaican Economy Print
Written by Kamal   
leaders_suggest_growth_strategies_for_jamica_economy_tn.jpg Scotia Investments Jamaica Limited held an interesting web seminar focusing on "Growth Enhancement Measures for the Jamaican Economy."

The April 20, 2011 'webinar' as it was called was moderated by Scotia Investments Vice President Dr. Adrian Stokes and included Scotiabank's President Bruce Bowen; Head of the department of Economics UWI, Dr. Damien King; President of the Jamaica Chamber of Commerce, Milton Samuda and the President of the Jamaica Exporters' Association, Vitus Evans.

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The Train Rolls Again! Print
Written by Kamal   
the_train_rolls_again_tn.jpg Nineteen years after the official closure of public train transport in Jamaica, the trains rolled again following efforts by Transport Minister Mike Henry to implement a multi-modal transport system to the island.

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Jamaica Unveils $545 Billion Budget Print
Written by Owen James   
budget.jpg The Government today unveiled a budget package of 545 billion dollars for the 2011 to 2012 financial year - eight percent more than last year's.

The recurrent or house-keeping side of the budget is just over 352 billion dollars while the capital side is 192.6 billion dollars.
 
Jamaica Shaves 5% Off Controversial Gas Tax Print
Written by Owen James   
gas_tax03.jpg The Jamaican government averted possible demonstrations organized by the opposition Peoples National Party (PNP) by shaving five percentage points off a controversial fifteen percent ad valorem tax on fuel.

The PNP subsequently called off planned protests scheduled for today – a move praised by businesses and the general public. However the PNP wants the government to put a cap on the gas tax and to remove the general Consumption Tax on Electricity.
 
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