Monday, March 11, 2019

Equity, social protection and growth

The constrained fiscal framework under which Jamaica has operated for an extended period of time is bearing fruit. There is a once-in-a-generation alignment of all the key macroeconomic indicators in the right direction, and with such economic gains come opportunities. The downward trajectory of the public debt as a share of GDP — projected to be 96 per cent at the end of FY 2018/19 — and the increased buoyancy of fiscal revenues have opened up fiscal space for government expenditure to be both growth-inducing and socially inclusive. Read More