Debt target pushed back by dollar slide

Debt target pushed back by dollar slide

JAMAICA’S public debt stood at $1.81 trillion (134.1 per cent of GDP) at the end of March. It increased from $1.66 trillion (131.5 per cent of GDP) a year before, due largely to financing of the fiscal deficit, which totalled over $72 billion. But 46 per cent of the increase in the debt was due to the depreciation of the Jamaica dollar.

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