Categories: Major Stories

PM Holness Aims for 3-4% Economic Growth Over Next 5 Years with Increased Productivity

Prime Minister Andrew Holness says the economy will grow at a rate of 3% to 4% over the next 5 years If the Government of Jamaica is able to secure a level of productivity to the point where it is able to spend the full Capital Budget and implement the projects as scheduled.

He made this comment during his contribution to the National Budget Debate 2024/2025.

Prime Minister Andrew Holness says 23 Post Offices across Jamaica will be renovated and used as NIDS enrollment sites. The renovated Post Offices will double as Digital Service Points which will become dedicated areas for people to receive help and have access to digital services free of charge.

During his presentation, Prime Minister Andrew Holness stated the number of active gangs in Jamaica decreased by approximately 36% in 2023, to an estimated 176 active gangs, down from an estimated 276 known gangs in 2018.

The Government has announced plans to upgrade a number of beaches across the island for public access. The existing Fantasy Beach Park in Priory St Ann will be developed into a Parish Beach Park, similar to Harmony Beach Park in Montego Bay. upgrading work will be done on another nine (9) free community beaches this year. Beyond 2024/25, GOJ will upgrade the Boston Beach Park in Portland and a major beach park in Negril.

This story will be updated subsequent to our newscast

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