Jamaica 2023/24 Budget
Today Dr. the Honourable Nigel Clarke, Minister of Finance and the Public Service delivered his opening Budget Presentation for the 2023/24 financial year.
Minister Clarke outlined how the Government of Jamaica (GOJ) plans to fund the 2023/24 National Expenditure Budget of JMD 1.021 trillion which was previously tabled in Parliament. Overall receipts for 2023/24 (including JMD 139.4 billion in loan receipts) are projected at JMD 1.052 trillion. This gave Minister Clarke sufficient fiscal space not to impose any new or higher taxes. The Revenue Measures announced today are instead projected to cost a modest JMD 153.33 million.
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