Jamaica Risks Missing Fiscal Targets

Jamaica Risks Missing Fiscal Targets

Caribbean Jamaica Economy & Policy

Jamaica is in danger of missing its fiscal targets and further liability management may be needed due to worse than expected revenues, according to a JPMorgan report on a seminar hosted by the bank. IMF officials, investors and policy makers taking part in the seminar say they expect the primary surplus target for 2010, which is 4.7% of GDP, will be missed. The IMF will only accept a lower surplus target if the government keeps expenditure under control, says JPMorgan. However, it adds that most

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