2016 - 2017 Budget Presentation By Prime Minister Most Hon. Andrew - PDF document

2016 - 2017 Budget Presentation By Prime Minister Most Hon. Andrew Michael Holness May 24, 2016 1

TABLE OF CONTENTS Acknowledgements ....................................................................................................................................... 4 Introduction .................................................................................................................................................. 5 Competiveness to support growth ............................................................................................................... 7 Developing the institutional support for Growth Policy ............................................................................... 8 NATIONAL POLICY OFFICE ......................................................................................................................... 8 Public Sector Transformation and Modernisation ........................................................................................ 9 Improvement in the Delivery of Public Services Using ICT ....................................................................... 9 Electronic Business Registration System (One Stop Shop for Business Registration) ............................ 10 Revenue Administration Information System (RAiS) .............................................................................. 10 SHARED SERVICES ................................................................................................................................... 11 NATIONAL IDENTIFICATION SYSTEM ...................................................................................................... 11 PRIVATISATION ....................................................................................................................................... 14 Public Portal for Development Applications ........................................................................................... 14 Public Private Partnerships ..................................................................................................................... 14 Economic Development .............................................................................................................................. 15 ESTABLISHMENT OF JAMAICA AS AN INTERNATIONAL MARITIME CENTRE .......................................... 15 REVITALIZATION OF RAIL SERVICES ........................................................................................................ 15 Development of Kingston as a Port of Call ............................................................................................. 16 Government Circle .................................................................................................................................. 16 PETROJAM UPGRADE .............................................................................................................................. 17 Solid Waste To Energy ............................................................................................................................ 17 Renewable Energy Initiatives .................................................................................................................. 18 Establishment of the Nutraceutical Industry .......................................................................................... 18 Development of Business Process Outsourcing Infrastructure .............................................................. 18 Development in the use of ICT for job creation and economic benefit ................................................. 19 Youth Employment in Digital and Animation Industries Project ........................................................ 19 Start-Up Jamaica (SUJ) ........................................................................................................................ 19 TRADE POLICY ............................................................................................................................................. 19 CARICOM REVIEW COMMISSION................................................................................................................ 19 TAX REFORM ............................................................................................................................................... 20 SOCIAL SECURITY ........................................................................................................................................ 22 NATIONAL INSURANCE SCHEME ............................................................................................................. 22 TOURISM WORKERS’ PENSION SCHEME ................................................................................................ 22 2

INCREASE IN PATH BENEFITS .................................................................................................................. 23 PERSONS WITH DISABILITIES .................................................................................................................. 23 POVERTY REDUCTION ............................................................................................................................. 24 SOCIAL DEVELOPMENT ............................................................................................................................... 24 RECREATIONAL SPACE ............................................................................................................................ 24 SUPPORT FOR CULTURAL COMMUNITIES .............................................................................................. 25 NATIONAL YOUTH ORCHESTRA PROGRAM ............................................................................................ 25 National Security ......................................................................................................................................... 26 Education .................................................................................................................................................... 28 HOUSING ..................................................................................................................................................... 28 Adjustments to Contributors’ Income Bands ......................................................................................... 28 Adjustments to Subsidies and Grants Programmes ............................................................................... 30 NHT Construction Projects ...................................................................................................................... 32 Low Income Construction Subsidy .......................................................................................................... 33 HOUSING FOR TOURISM WORKERS ....................................................................................................... 33 Private Sector Partnerships .................................................................................................................... 34 Conclusion ................................................................................................................................................... 34 3