The Government of Jamaica has initiated action to institutionalise fiscal transparency and strengthen its fiscal responsibility framework by way of an Independent Fiscal Commission.
This was effected through tabling a Bill to that effect in the House of Representatives. According to Finance Minister Dr Nigel Clarke, “the fiscal commission will be the guardian and interpreter of Jamaica’s fiscal rules, monitoring compliance with these fiscal rules, reporting on fiscal outcomes and keeping the public informed by providing an independent analysis on fiscal policy developments.” The Commission will replace the Economic Programme Oversight Committee. (LOOP)
Extract from CARICOM BUSINESS, Vol. 3 No. 49
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