Primary Surplus is Inhibiting Growth, says BOJ

Bank of Jamaica Governor, Brian Wynter, says the primary surplus is inhibiting the nation’s economic growth.

The primary surplus, currently at seven per cent, is what’s left to service debt after the government considers its revenues and expenditure.

Maintaining such a high primary surplus is one of the conditions of the country’s programme with the IMF.

His comment comes as there’re lingering concerns about the country’s limited economic growth despite significant gains in employment, lower debt and record-breaking tax collection.

Mr. Wynter says continued focus is to be placed on measures that generate economic growth.

He says Jamaica has significant growth potential.

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