JLP Acheivements Document - 2025 V1 - Flipbook - Page 3
BUILDING THE
ECONOMY AND
CREATING JOBS
Since 2016, the government has worked hard to grow the economy
in a way that helps everyday Jamaicans. By cutting down debt,
attracting investment, and supporting local businesses, we were
able to create more jobs, put more money in people’s pockets, and
improve public services for everyone.
Here is what that means for you:
● More Jamaicans lifted out of poverty. In 2015, over 21 per
cent of people were living in poverty. That number dropped
to just 8.2 per cent by 2023, the lowest it has been in
decades.
● Government debt cut nearly in half. In 2015, the country
owed more than it earned. Today, we have reduced our
debt to its lowest level in 30 years, freeing up funds to invest
in schools, roads, healthcare, and communities.
● No new taxes for 8 years straight. We kept our promise
and there has been no new taxes since 2017.
● Workers take home more pay. We raised the income tax
threshold from J$592,800 to J$1.8 million, so more of your
earnings stay in your hands.
● Lower taxes across the board. We reduced GCT and stamp
duty, and removed certain taxes altogether — such as the
Minimum Business Tax and Asset Tax for small businesses.
● Light bills made more affordable. We cut the tax on
household electricity from 15 per cent to 7 per cent.
● Cash back for workers. For the 昀椀rst time in Jamaica’s
history, working people got a J$20,000 credit from the
government.
