Building a Better Jamaica

BY ALICIA DUNKLEY Observer staff reporter dunkleya@jamaicaobserver.com
Wednesday, March 17, 2010

GOVERNMENT'S expenditure for the 2009/2010 fiscal year, which draws to a close in just 15 days, has overshot the original $556.7-billion to just over $593.1 billion -- a staggering $31.5 billion increase.

Published: Wednesday | March 17, 2010
Jamaica Gleaner Arthur Hall, Senior Staff Reporter

The Government has tacked on $31.5 billion to its Budget for this fiscal year which ends in two weeks.

With nine days to go before he presents the 2010-2011 Budget, Finance Minister Audley Shaw yesterday went to Parliament with a second Supplementary Estimates showing plans to spend $593 billion for the fiscal year.

KINGSTON (JIS):
Wednesday, March 03, 2010

KINGSTON, (JIS):
Sunday, March 14, 2010

Amendments to the Financial Administration and Audit Act and the Public Bodies Management and Accountability Act were passed in the Senate on Friday (March 12), as part of measures to implement a fiscal responsibility framework in Jamaica.

Leader of Government Business and Minister of Justice, Senator Dorothy Lightbourne, who piloted both Bills, stated that the fiscal responsibility framework will provide for more prudent fiscal management within Government's institutional framework.

KINGSTON (JIS):
Saturday, February 27, 2010

The House of Representatives passed amendments to the Financial Administration and Audit Act and the Public Bodies Management and Accountability Act on Tuesday, as part of the Government's fiscal responsibility framework.

Minister of Finance and the Public Service, Hon. Audley Shaw, who piloted both Bills, stated that this fiscal responsibility framework will operate as the centrepiece of the reforms being undertaken to improve the management of public finances.

Published: Monday | February 22, 2010
Jamaica Gleaner

WITH THREE days left before the rescheduled closure of the Jamaica Debt Exchange (JDX), Finance Minister Audley Shaw is reporting 99 per cent participation by bond holders.

The finance ministry had previously announced a 92 per cent participation in the debt exchange, but yesterday Shaw announced that at the close of business last Friday, the number had inched up as more bond holders agreed to the terms.

BY CAMILO THAME Business co-ordinator thamec@jamaicaobserver.com
Wednesday, February 10, 2010

THE Government expects only three per cent devaluation of the Jamaican dollar during 2010/2011 but is only allowed US$300 million to back the local currency against the US dollar.

The administration agreed to limit its intervention next year under a quantitative performance criterion set out in the memorandum economic and financial policies (MEFP) that was submitted to the International Monetary Fund (IMF).

KINGSTON (JIS):
Thursday, January 28, 2010

Minister of Finance and the Public Service, Hon. Audley Shaw, has announced his intention to bring to Parliament, two pieces of legislation, which will provide for greater fiscal responsibility within the public service.

The legislation, which will be tabled in Parliament on February 2, are amendments to the Financial Administration and Audit (FAA) Act and the Public Bodies Management and Accountability Act.

Posted: Wednesday | January 27, 2010
Jamaica Gleaner/Power 106

Jamaicans will have to wait until next week to hear whether the International Monetary Fund (IMF) will approve the government’s request for a US$1.25 billion standby arrangement.

The executive board of the IMF was expected to review Jamaica’s application today but this has been postponed to next week Wednesday, February 3.

Finance Minister Audley Shaw made the disclosure while closing the debate on the government’s economic programme in Parliament last night.

KINGSTON (JIS):
Saturday, January 23, 2010

Courtesy of Jamaica Information Service

Minister of Finance and the Public Service, Hon. Audley Shaw, has said that Jamaicans need to be more knowledgeable about financial matters, including how their personal financial choices affect the economic wellbeing of the country.