Tag: budget

POLITICS

Republicans Pooh-Pooh Biden’s $6 trillion Budget Proposal

President Joe Biden revealed a $6 trillion national budget proposal for the 2022 fiscal year on Friday. The budget released by the White House combines three major spending proposals already announced by Biden: the $2.3 trillion American Jobs Plan, the $1.8 trillion American Families Plan and $1.5 trillion in discretionary spending for fiscal 2022. The budget will be focused on […]

NEWS

Canada Set To Spend $100 Billion In Covid-19 Recovery Program

Canada’s federal government plans to spend a hefty sum of $100 billion in the coming months to aid the recovery of its economy. Finance Minister Chrystia Freeland in announcement discloses that the economic relief package is the largest by the country since the Second World War. The spending will put the deficit to a historic high of $381.6 billion by […]

Jamaica

Jamaica — Away With Zinc Fences!

The government has set aside $345 million this year to remove zinc fences from certain communities. Finance Minister Dr. Nigel Clarke underscored the importance of the budgetary allocation while opening the debate on the first supplementary estimates of expenditure for 2020/2021. “It is just not right that in 2021 or 2020, we have major thoroughfares or Washington Boulevard on both […]

BUSINESS

U.S. Wants Money — Trillions!

The United States is looking to borrow a record US$3 trillion in the second quarter of the year. The country’s economy and budget have taken a battering because of the crisis brought on by COVID-19. The sum is more than five times the previous quarterly record, set at the height of the 2008 financial crisis. In all of 2019, the […]

Jamaica

Jamaica Set To Spend An Additional $50.15 Billion

Jamaica’s 2019/2020 budget is set to increase by over $50 billion. This was revealed in the first Supplementary Estimates of Expenditure tabled recently in the House of Representatives. More than $40 billion is for recent debt payments which will result in the country saving billions annually. The allocation of the remaining $10 billion will go towards education, national security, community […]

Jamaica

Bunting Bullish On The Role Of The MSME Sector

Peter Bunting, the Shadow Minister of Industry, Commerce, and Competitiveness, has touted the role that he foresees the Micro, Small, and Medium Enterprise (MSME) playing in Jamaica’s economy. Bunting, in his presentation in the 2018-2019 Sectoral Debate, posited that “The MSME sector has to become the catalyst for the development and inclusive growth of the private sector.” “The MSME sector […]

Jamaica

Jamaica’s Government Gets Thumbs Up For 2019/20 Budget

Executive Director of the Caribbean Policy Research Institute (CaPRI), Dr. Damien King, has lauded the Government for presenting a “responsible” $835.2-billion Budget for the 2019/20 fiscal year. Dr. King noted that the Budget outlined by Finance and the Public Service Minister, Dr. the Hon. Nigel Clarke recently is a step in the right direction. “It is consistent with continued debt […]

Jamaica

PNP Leader Gives JLP Government Props

Opposition Leader, Dr. Peter Phillips, has commended the JLP led Administration for maintaining the fundamental aspects of the Economic Reform Program which he said was put in place by the former PNP government. He noted that the Economic Reform Program, which started in 2013 has resulted in debt reduction, job creation, economic growth, and increased revenues. Dr. Phillips was making […]

NEWS

U.S. Government Reopens For Three Weeks Business

U.S. President Donald Trump has endorsed a deal to reopen the U.S. government for three weeks, after a record-breaking shutdown of federal agencies. Congressional sources say the pact does not include any money that Mr. Trump has demanded in exchange for a US-Mexico border wall. The Republican president previously vowed to reject any such bill unless it included $5.7 billion […]

EDITORIAL

Trump’s “Softening” On Wall Gives Conservatives Belly Ache

You’ve got to know when to hold ’em Know when to fold ’em Know when to walk away And know when to run You never count your money When you’re sittin’ at the table There’ll be time enough for countin’ When the dealin’s done — Kenny Rogers President Trump may be accused of many things or called many names, but […]