Presentation to Department of Economics, UWI, Mona, Seminar, May 7, 2009

Recurrent Expenditure is

– rising as a share of total expenditure : the share of capital expenditure is falling;
– rising faster than revenue and grants.,   It has been as much as double revenue and grants, and currently is more than 50% greater
– Rising faster than GDP, and therefore the percentage with respect to the GDP is rising
–Interest payments, particularly on domestic debt is the largest and fastest rising component of recurrent expenditure

Click here for presentation


Jamaica’s fiscal deficit could reach ‘20% of GDP’ 08/10/09

New Report Finds IMF Agreements Have Included Policies That Could Worsen Economic Slowdown in 31 of 41 Countries CEPR

Prime Minister Says Budget To Be Slashed by J$16.8 billion

IMF Shock Attack: Lessons from Latvia and Ghana for Jamaica Don Robotham

IMF Programme Drafted Anne Shirley

Jamaica’s Financial Crisis: The Lessons of History Edward Seaga

Fitch Downgrades CAP: Says Investors Losing Confidence in Jamaica Jamaica Gleaner 28/11/09