Prime Minister Dr. the Most Honourable Andrew Holness says Jamaica’s record of fiscal discipline has positioned the country to finance recovery, mobilize international support and attract private investment for a new era of infrastructure development.
“Jamaica was referred to in many instances as the basket case of financial mismanagement, and now today we are referred to as the case study for fiscal discipline and good economic management,” the Prime Minister told the Caribbean Investment Forum in Miami.
He said Jamaica reduced its debt from close to 150 per cent of gross domestic product (GDP) to approximately 70 per cent within a decade. He added that Jamaica has maintained a freely floating currency without foreign exchange controls and has delivered nine national budgets without increasing the tax burden on Jamaicans.
