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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Stevian Simmonds is an investigative journalist with almost 3 years of experience in radio broadcasting, production and reporting. She graduated from Caribbean School of Media and Communication in 2014 and joined Nationwide News in 2016. In 2018, she produced a special report examining the working conditions of the Bussiness Process Outsourcing Industry. She worked undercover as a call center agent for a month, revealing the lack of data protection and general security infrastructure in the industry. Her report also highlighted the poor working conditions and remuneration faced by workers in the industry. In 2018, Stevian traveled to New Delhi India where she participated in the Inaugural WHO Partners Forum benefiting from critical training related to reporting on women’s and children’s health issues.