Gov't spending slashed by $22.3 billion
THE People’s National Party administration has slashed the spending plan put forward by the previous government by $22,395,189 billion.
Category: Local
Finance Minister Phillips’ very difficult task
Finance Minister Phillips' very difficult task
AT first glance, Jamaica’s current fiscal situation, as revealed by Finance Minister Dr Peter Phillips at Wednesday’s Jamaica House post-Cabinet press conference, looks significantly worse, or as he put it “disastrously off track”, than many expected.
Fitch Raises Worries About Jamaican Economy
Fitch Raises Worries About Jamaican Economy
International ratings agency Fitch has maintained Jamaica’s B- grade on its likelihood to honour is local and foreign debts. However, Fitch is raising grave concern about Jamaica’s high debt ratio and what it calls structural weakness, crime and the high cost of energy.
Jamaica’s options diminishing
This is one time when I hate to say “I told you so” as it is in relation to Jamaica’s economy. This is because it always seems as if the appropriate prediction to make is that implemented policies will not work and will cause our economic situation to worsen