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Jamaica now faces the challenge of resisting overspending during upcoming elections which could erode the gains of increased fiscal surplus and reduced debt levels since the pandemic. Local government elections are coming this year with general...
The Government will appoint a Fiscal Commissioner and operationalise the independence of the Fiscal Commission as the guardian of Jamaica’s fiscal rules during the 2023/24 fiscal year. This was stated...
Last week, I wrote about the importance of entrenching macroeconomic stability by complementing its achievement with the building of institutions that can preserve and maintain this stability. I elaborated on the historic enactment of the Bank of Jamaica Amendment Act, which creates an independent central bank with an explicit mandate for price stability, within an accountable, transparent, and robust governance framework. Even in the midst of the pandemic, we are looking ahead, building economic institutions with the conviction that, in the long run, credible, durable, accountable, transpare...