caricom business
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Commercial flights to resume amidst 12% GDP decline – Jamaica: CARICOM BUSINESS
“For the fiscal year ending March 2021, the Jamaica economy is projected to contract within a range of 4 – 6%. “This, Director General of the Planning Institute of Jamaica says would be “the weakest economic performance in almost four decades.” “This comes on the heels of a projected fallout of 12 – 14% for the economy in the April…
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Jamaica slashes budget to meet J$120 billion COVID costs – CARICOM BUSINESS
Jamaican Finance Minister Dr Nigel Clarke has announced significant cuts in the Budget amid a steep decline in revenues because of the coronavirus. In tabling his First Supplementary Estimates in Parliament, Clarke said programmed expenses have been cut from $853.5 billion to $838.2 billion. The capital budget was slashed by 38% from $76.2 billion to $46.1 billion. This comes amid…
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