Jamaica should return to full economic growth by next year.
That’s according to Finance Minister, Dr. Nigel Clarke.
He was speaking in the House of Representatives yesterday afternoon.
Jamaica recorded its first COVID-19 case in March this year.
Since then, economic activities have been significantly affected.
But, Dr. Clarke says Jamaica’s performed well in spite of the economic shocks spawned by the pandemic.
Meanwhile, in addition to amending the NHT Bill to secure an additional 57 billion dollars in central government revenues, Dr Clarke says an Independent Fiscal Commission will be established to monitor Jamaica’s fiscal path.
Dr. Nigel Clarke, Finance Minister, speaking in the House of Representatives yesterday.
He has also tabled the Financial Audit and Administration Amendment Bill.
This, he says will moderate the correction mechanism to ensure a path of economic recovery while still achieving the 60 per cent debt to GDP target by the new date of 2027/2028.