New taxes coming, Gov’t confirms
KINGSTON, Jamaica – Finance Minister Fayval Williams confirmed late Wednesday that new tax measures will form part of Jamaica’s upcoming budget, as the government moves to close a widening fiscal gap after Hurricane Melissa inflicted damage equivalent to about 41 per cent of gross domestic product. In a statement, Williams said the hurricane caused an estimated US$8.8 billion in damage, sharply increasing reconstruction and public service demands while reducing government...
2026-02-12 00:04:04