Fiscal Balance in Jamaica

Jamaica Fiscal Balance | Economic News & Forecasts

Jamaica - Fiscal Balance

Jamaica’s Planning Institute expects the economy to have grown at a broadly stable pace in the fourth quarter compared to the third quarter. This would have rounded off a relatively strong 2018. Non-resident stopover tourism growth was robust in 2018, although this masked a weak second half of the year for the tourism sector. Moreover, local monthly data suggests merchandise export growth was stellar over 2018; however, a higher oil import bill likely weighed on net exports. Meanwhile, in February, the government budget proposed to raise expenditures only slightly for fiscal year 2019–2020, with a large sum of total spending dedicated to debt repayments.

Jamaica - Fiscal Balance Data

2013  2014  2015  2016  2017  
Fiscal Balance (% of GDP)0.1  -0.5  -0.3  -0.2  0.1  

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