The 2019/20 budget debate in Jamaica gets going at Gordon House this afternoon, with the opening contribution from the Minister of Finance and the Public Service Dr Nigel Clarke.

According to the Jamaica Observer Newspaper, Clarke’s budget speech is expected to be highlighted by the fact that while Jamaica’s gross domestic product (GDP) recorded growth of only 0.9 per cent in 2017/18, all performance criteria to the end of June 2018 were met, and implementation of the economic programme under the Precautionary Stand-By Agreement has remained strong.

Tax revenues continue to be robust, bolstered by the continued profitability of companies, increased employment levels, and higher consumption.

At the end of December 2018 the lower-than-budgeted expenditure, along with the strong revenue performance, contributed to the primary balance out-turn exceeding target.

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