Business
Jamaica: Simpson-Miller administration presents 2014-15 budget
Sir Patrick, delivering the traditional Throne Speech at the start of the new parliamentary session, said that despite the global economy remaining sluggish, the administration has stayed the course with its economic policies.
In March 2014, the Simpson-Miller administration successfully met the third review of Jamaica’s economic performance under the Extended Fund Facility with the International Monetary Fund (IMF) resulting in a further draw-down of US$71.4 million.
“To date, the government has met all quantitative fiscal and monetary performance criteria under the program. For many decades, Jamaica has borrowed too much and saved too little. In order to build a resilient economy, we must reduce our debt to manageable levels. As a country, we must begin to live within our means,” Sir Patrick added. -(CMC)
