The International Monetary Fund (IMF) has again commended the Government on its macroeconomic performance under the four-year extended fund facility, but is urging it to step up the pace of reform to boost growth and employment.The executive board,...
Elections lie at the heart of liberal, representative democracy and the cost of conducting them has been at the forefront of issues that have long given rise to debates on whether it would be prudent to hold general and local polls simultaneously.In...
Finance and Planning Minister Dr Peter Phillips has rubbished claims that the International Monetary Fund's (IMF) endorsement of the Government's management of the economy, evident in the approval of quarterly performance targets, was...
A government consultancy evaluating and quantifying the main fiscal risks to the national budget, which was slated to run for four months, is now due to be completed in September this year, two years after it began.The consultancy, 'The evaluation...
The Ministry of Finance and Planning has admitted that tax revenue targets have not been achieved in the last seven years, but said the variances relative to budget have declined significantly and since fiscal year 2011-12 have fallen consistently....
The top six international franchises were up by three per cent in 2014, driven by Campari, Aperol and the Jamaican rum portfolio, accelerating their growth in the fourth quarter, as well as the SKYY franchise that stabilised its trend within a very...
The state-owned National Water Commission (NWC), Jamaica's largest consumer of electricity, said that savings from its energy bill are being passed on to consumers.Lower oil prices has resulted in cheaper electricity bills from Jamaica Public...
The government will be seeking permission from the International Monetary Fund (IMF) to extend the deadline for a reduction in the size of the public sector wage bill to nine per cent of gross domestic product (GDP).The Government had agreed to...
The Planning Institute of Jamaica (PIOJ) has confirmed that there was a 0.3 per cent contraction in the economy during the October to December 2014 quarter, the second consecutive period of decline.The contraction is expected to push real gross...
The Government of Jamaica's bond redemptions and other principal debt repayments will increase by 76 per cent to more than $178 billion for the fiscal year ending March 2016, as payments on maturing global bonds and benchmark investment notes become...
The Government’s fiscal performance in December 2014 was disappointing with revenues and grants falling short by $3.4 billion and expenditure exceeding target by $2.5 billion, co-chairman of the Economic Programme Oversight Committee (EPOC),...
