The Government will increase Jamaica’s personal income tax threshold to $2 million over a three-year period, commencing April 1. The announcement was made by Minister of Finance and the Public Service, Hon. Fayval Williams, while opening the 2025/26 Budget Debate in the House of Representatives on Tuesday (March 11). She said that the threshold will be increased in three tranches to $1.8 million, then $1.9 million, then $2 million. #BudgetDebateJa #BudgetDebate2025 #NationalBudget2025 #JISParlia

Jamaica’s economy grew by 1.4 per cent during this year’s April to June quarter, when compared to the same period in 2024. Director General of the Planning Institute of Jamaica (PIOJ) Dr. Wayne Henry gave the preliminary estimate, during a quarterly press briefing this morning. Dr. Henry reported that the outturn for the review quarter, largely reflected continued growth in most industries. He also noted that the 1.4 per cent growth in the economy is attributed to an increased domestic demand fo