Financial Secretary Darlene Morrison told the Public Administration and Appropriation Committee, PAAC, yesterday that the country’s debt stock is projected to see a reduction of 97-percent of the gross domestic product, GDP, at the end of the fiscal year. 

She says the projection is due to the country’s expectation of economic growth this year.

PAAC Member, Fitz Jackson questioned the financial secretary about an increase in public debt of six percent. 

But Ms Morrison explained that it instead is an increase in debt servicing.

Darlene Morrison, Financial Secretary.