Fiscal Discipline To Reduce Debt Load In Jamaica

 

• Fitch predicts that Jamaica will continue to run budgetary surpluses in the coming years, with a broad political consensus supporting fiscal consolidation measures.
• Expectations are that the 2019/20 Budget, which includes modest increases to social and security spending and tax cuts for small businesses, will pass in the coming weeks. 
• With Jamaica running annual surpluses, Fitch Solutions forecast total government debt to fall to 87.3% of GDP in 2021, from 115.8% in 2017.

(Source: Fitch)