Jamaica Gleaner: “Budget shocker – Gov’t plans to spend $6b more than initially projected”
The Government has tacked on just over $6 billion to its spending plans for the fiscal year despite repeated pronouncements from Prime Minister Bruce Golding that a major shortfall in revenue would lead to a sharp cut in the Budget.
Jamaica Gleaner: “Money worries – Analysts wonder how Government will finance increased Budget”
Several questions are now being asked about how the Government will finance the $561-billion revised Budget tabled in Parliament yesterday.
Jamaica Gleaner: “Government sides with Opposition over bank rates”
Finance Minister Audley Shaw and Opposition Leader Portia Simpson Miller are certainly at odds over the state of Jamaica’s negotiations with the International Monetary Fund (IMF) but, in a rare moment of convergence of views, they have found common ground on the need for commercial banks to cut lending rates.