Jamaica, DR most vulnerable to US fiscal cliffÂ
FITCH Ratings expects the US will avoid a fiscal cliff that would see some US$600 million of tax increases and spending cuts materialise.
We’ll Ensure Order In FX Market, Says Phillips
We’ll Ensure Order In FX Market, Says Phillips
The country’s finance minister, Dr Peter Phillips, yesterday warned that the Government would not sit idly by and allow speculative pressure to build up on the Jamaican dollar.
Strengthening Debt Management
THE government recently passed legislation for a tighter, better management of public debt, among other things. One of the most important aspects of debt management is setting a ceiling for debt, but I did not see anything definitive about this in the legislation.
Jamaica racks up J$12.5m per hour in new debt
Jamaica racks up J$12.5m per hour in new debt
Data gathered from diGJamaica.com has revealed that the nation has, up to September, incurred billions of dollars in new debt, the value of which could, theoretically, go a far way in addressing many of the island’s greatest concerns.