Jamaica to Pass 7th Test – EPOC

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Co-Chairman of the Economic Programme Oversight Committee, Richard Byles, says Jamaica is well positioned to pass the seventh International Monetary Fund (IMF) test.

Mr. Byles made the assessment during EPOC’s monthly media briefing today.

Mr. Byles says the latest figures indicate that the country has over-performed on the IMF primary surplus and Net International Reserve, NIR targets.

Mr. Byles says all indications are that Jamaica will pass the next IMF test.

The EPOC co-chair says the positive primary surplus balance performance have been achieved largely due to the cutting of planned expenditure.

But he says the government has continued to under-perform in revenue collection.