Fiscal Balance in Jamaica
Jamaica - Fiscal BalanceEconomic growth eased in the first quarter on a contraction in the manufacturing sector and a sharp moderation in mining and quarrying, and agricultural output. However, activity in the hotels and restaurants sector picked up significant pace as tourist arrivals rebounded in the first quarter. Looking beyond Q1, momentum should remain fairly stable. While tourism lost momentum in April and May, fixed investment is likely to pick up in the second half of the year amid large-scale construction projects and tourism investment. Meanwhile, in a mid-June staff visit, the IMF credited the government with public debt reduction and another robust primary surplus last year, as Jamaica prepares to exit the IMF’s financial support program this year.
Jamaica - Fiscal Balance Data
|Fiscal Balance (% of GDP)||0.1||-0.5||-0.3||-0.2||0.5|
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