The Government is again warning Jamaicans to brace for painful changes as it prepares to institute measures to guide the island out of its present economic pickle.
Jamaica Gleaner: “Drastic spending cuts in July underscore fiscal dilemma”
Prime Minister Bruce Golding’s disclosure on Tuesday that the adminis-tration had, in the first four months of the fiscal year, spent $18 billion less than it projected suggests “savings” in July alone at nearly five times the level of the previous three months combined.
Jamaica Observer: “Rating agencies’ credibility doubted again”
As Jamaicans awoke in high patriotic spirits on Independence Day, the news of Standard & Poor’s (S&P) downgrade seemed like a slap in the face.