Finance minister says he will review tax measures

KINGSTON, Jamaica -- Minister of Finance Peter Phillips, while addressing a meeting with a number of trade union leaders Thursday morning, indicated that he will be "conducting a review of the announced revenue measures and will shortly announce if any adjustments will be made". A release from the ... Read more

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PAAC to continue CAP, JEEP exams

Wednesday, September 12, 2012 | 4:21 PM    

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KINGSTON, Jamaica — The Public Administration and Appropriations Committee (PAAC) will continue its examination of the Clarendon Alumina Partners (CAP) divestment when it resumes its weekly meetings after the summer break next Wednesday.

Additionally, the PAAC will assess the Jamaica Emergency Employment Programme (JEEP) and the Jamaica Development Infrastructure Programme (JDIP).

The PAAC takes its role to oversee public resources to ensure transparency and appropriate use for the maximum benefit of Jamaicans, said Edmund Bartlett, the committee’s chairman.

Few meetings were held before the summer recess due to the Budget and Sectoral Debates.

CAP will lose US$91 million ($7.9 billion) for the current financial year, according to spending estimates given by the Finance and Planning Minister Peter Phillips in May.

The state owns 45 per cent of the company which it has unsuccessfully attempted to sell.

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