, 23 tweets, 18 min read Read on Twitter
Join me on PBCJamaica Live for my 2019/20 Budget Presentation #Budget20192020

Link: facebook.com/pbcjamaica/vid…
Jamaica’s Debt-to-GDP will fall to approximately 96% at the start of this Fiscal Year. This is the first it will fall below 100% in years. #Budget20192020
A necessary and fundamental principle to abide by if we are to achieve this is to manage our financial affairs so as to maintain a sustainable economic path that guarantees stability for future generations. #GrowthWithEquity #Budget20192020
MOFPS is commencing the policy process for a Public Financial Management Policy for Disaster Risk which will be submitted to the Cabinet and laid in Parliament
#GrowthWithEquity #Budget20192020
Overview of 2018/19 Achievements #GrowthWithEquity #Budget20192020
The growth rate for the first half of 2018/19 FY is:

#Double the average rate of the last 40 years.

#Quadruple the average rate of the last 20 years.

#TenTimes the average rate over the last 10 years.
Here are some of the GoJ Policy Priorities for 2019/20: #GrowthWithEquity #Budget20192020
The New Public Procurement Regime will increase efficiency, while enhancing the potential for MSMEs to compete for larger shares of Government Procurement Contracts. #GrowthWithEquity #Budget20192020
Pension Funds play a critical role in securing a stable future for retirees and providing a pool of domestic assets that can be productively used. #GrowthWithEquity #Budget20192020
Regulations to be tabled in the 2019/20 FY to improve governance of public bodies. These regulations will prescribe a transparent process for the nomination, selection, and appointment of persons to the Board of public bodies. #Budget20192020 #GrowthWithEquity
Other Legislative Priorities for the 2019/20 FY include: #MicroCreditAct #CreditUnionLegislation #CustomsAct #GrowthWithEquity
National Security has a capital expenditure allocation of $20.2 billion which represents a 61% increase over prior year.
#SeriousAboutSecurity #GrowthWithEquity #Budget20192020
The GoJ will acquire 1000 new police vehicles, renovate 60 police stations and upgrade barracks and training camps in Western & Central Jamaica. #SeriousAboutSecurity #GrowthWithEquity #Budget20192020
$18.4 billion has been allocated for major infrastructural works being implemented by Ministry of Economic Growth & Job Creation (MEGJC) #Budget20192020 #GrowthWithEquity #Infrastructure
Allocations for MSME financing through the DBJ and other intermediaries has been increased to $1.5 billion from $350 million in 2018/19 – a four-fold increase. #GrowthWithEquity #Budget20192020 #MSMEs
#SideCarFund Technical and US$1.5Mn in financial support from the IDB, to help support early stage, scalable and investment-ready start-ups. This will help to address issues that hinder women’s participation in tech-scalable start-ups. #StartUps
Funding for Tertiary Education #GrowthWithEquity #Budget20192020
#SLBReform #GrowthWithEquity
Incentives for borrowers engaged in charitable activities – 10% of loan balance will be forgiven for each full year that borrowers are employed full-time to a registered charity, effective April 1, 2019.
$192 million to MICAF to fund new Global Services Skills Project to be implemented by JAMPRO. #GrowthWithEquity #Budget20192020
Missing some Tweet in this thread?
You can try to force a refresh.

Like this thread? Get email updates or save it to PDF!

Subscribe to Dr Nigel Clarke
Profile picture

Get real-time email alerts when new unrolls are available from this author!

This content may be removed anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

Follow Us on Twitter!

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just three indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!