PM: Jamaica Is Experiencing Impressive Economic Recovery

Prime Minister Holness says Jamaica is experiencing an impressive economic recovery, after a decline in 2020 due to the COVID-19 pandemic. He says Jamaica’s debt to GDP ratio is projected to be at 96% at the end of March 2022.

PM Holness further dissects the government’s plans and objectives for the new fiscal year in his contribution to the 2022/23 Budget Debate. Noting that the economy grew by fourteen-point two percent in the first quarter of the current financial year, adding tourism has rebounded to near seventy percent of pre-pandemic levels. Holness says Jamaica’s debt to GDP ratio which had increased from ninety-four percent in 2020, to a hundred and ten percent in March 2021 is decreasing. He says it is projected to be at ninety-six percent at the end of March 2022.

In his presentation he informed the House that recruitment and training continue to increase the size and capabilities of the Jamaica Constabulary Force (JCF), adding the JCF 2021/22 recruitment target will be met with one thousand two hundred (1200) new recruits. More details here:

Reporter: Justin Graham