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Jamaican Government vows to maintain high primary surplus

The Jamaican Government has declared that it intends to maintain a high primary surplus, even after the current deal with the International Monetary Fund (IMF) expires.

The primary surplus, which is money set aside to pay down the national debt, has been set at 7.5% of  GDP over the life of the reform programme with the IMF, which ends in 2017.
   
Many commentators have been calling for the target to be reduced, to allow the government to have more money for non debt spending.
   
However, the government has affirmed that, while it will reduce the target after the IMF programme ends, it will only be reduced to 7% of  GDP from the current 7.5%.


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