The Government will this fiscal year continue to focus on strengthening public financial administration as it pushes Jamaica towards economic independence, which is no longer a dream but is becoming a reality.
That’s the charge given by Governor General Sir Patrick Allen as he delivered the 2020-2021 Throne Speech in Gordon House yesterday to open the new parliamentary year. Sir Patrick outlined the raft of initiatives that will be pursued this fiscal year in the areas of business and finance.
The continued focus on public financial administration strengthening comes in wake of a series of scandals that engulfed the Andrew Holness-led Administration last year, including Ministry of Education, Caribbean Maritime University, and the now-defunct National Energy Solutions Limited (NEOSOL). As part of strengthening public finance administration, Sir Patrick disclosed that Medium Term Results-Based Budgeting has been introduced in all ministries, departments, and agencies (MDAs).